How Do Crescent Point Energy Corp (NYSE:CPG)’s Fundamentals Affect Performance

In yesterday’s Wall Street session, Crescent Point Energy Corp (NYSE:CPG) shares traded at $7.06, up 1.73% from the previous session.

11 analysts cover Crescent Point Energy Corp (NYSE:CPG), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $13.78 and a low of $9.43, we find $10.38. Given the previous closing price of $6.94, this indicates a potential upside of 49.57 percent. CPG stock price is now -12.63% away from the 50-day moving average and -4.46% away from the 200-day moving average. The market capitalization of the company currently stands at $3.78B.

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The stock has received a hold rating from 1 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $10.73 as their price target over the next twelve months.

A total of 0.56% of the company’s stock is owned by insiders.

On Friday morning Crescent Point Energy Corp (NYSE: CPG) stock kicked off with the opening price of $6.98. During the past 12 months, Crescent Point Energy Corp has had a low of $5.57 and a high of $8.59. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 1.29, and a quick ratio of 1.29. The fifty day moving average price for CPG is $8.06 and a two-hundred day moving average price translates $7.41 for the stock.

The latest earnings results from Crescent Point Energy Corp (NYSE: CPG) was released for Sep, 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 $0.63 EPS in the same period last year. The net profit margin was -25.34% and return on equity was 1.08% for CPG. The company reported revenue of $677.25 million for the quarter, compared to $743.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.92 percent. For the current quarter, analysts expect CPG to generate $760.14M in revenue.

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.

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