The stock of Crescent Point Energy Corp. (NYSE:CPG) last traded at $8.37, down -0.95% from the previous session.
Data from the available sources indicates that Crescent Point Energy Corp. (NYSE:CPG) is covered by 15 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $13.62 and a low of $9.65, we find $10.40. Given the previous closing price of $8.45, this indicates a potential upside of 23.08 percent. CPG stock price is now 17.06% away from the 50-day moving average and 17.21% away from the 200-day moving average. The market capitalization of the company currently stands at $5.96B.
In total, 1 analysts have assigned it a hold rating, and 12 have given it a buy rating. Brokers who have rated the stock have averaged $10.68 as their price target over the next twelve months.
A total of 0.45% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CPG stock. A new stake in Crescent Point Energy Corp. shares was purchased by ERGOTELES LLC during the first quarter worth $9,986,000. CANOE FINANCIAL LP invested $7,406,000 in shares of CPG during the first quarter. In the first quarter, TREXQUANT INVESTMENT LP acquired a new stake in Crescent Point Energy Corp. valued at approximately $3,130,000. HARTREE PARTNERS, LP acquired a new stake in CPG for approximately $2,093,000. RENAISSANCE TECHNOLOGIES LLC purchased a new stake in CPG valued at around $1,516,000 in the second quarter. In total, there are 256 active investors with 41.57% ownership of the company’s stock.
With an opening price of $8.45 on Thursday morning, Crescent Point Energy Corp. (NYSE: CPG) set off the trading day. During the past 12 months, Crescent Point Energy Corp. has had a low of $5.46 and a high of $8.57. As of last week, the company has a debt-to-equity ratio of 0.46, a current ratio of 0.70, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $6.80B, which is based on a 11.86 price-to-earnings ratio, a 7.90 price-to-earnings-growth ratio, and a beta of 2.27. The fifty day moving average price for CPG is $7.21 and a two-hundred day moving average price translates $7.18 for the stock.
The latest earnings results from Crescent Point Energy Corp. (NYSE: CPG) was released for Jun, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.29, missing analysts’ expectations of $0.3 by -0.01. This compares to $0.45 EPS in the same period last year. The net profit margin was 11.20% and return on equity was 5.90% for CPG. The company reported revenue of $626.13 million for the quarter, compared to $885.92 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -29.32 percent. For the current quarter, analysts expect CPG to generate $757.2M in revenue.
In terms of dividend payout ratio, CPG is presently at 36.30%.
Crescent Point Energy Corp.(CPG) Company Profile
Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil, natural gas liquids, and natural gas reserves in Western Canada and the United States. It’s crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota and Montana. The company was incorporated in 1994 and is headquartered in Calgary, Canada.
