The price of Crescent Point Energy Corp (NYSE:CPG) shares last traded on Wall Street rose 3.52% to $7.06.
Based on available information, 13 analysts follow Crescent Point Energy Corp (NYSE:CPG). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $13.84 and a low of $8.78, we find $10.38. Given the previous closing price of $6.82, this indicates a potential upside of 52.2 percent. CPG stock price is now -10.93% away from the 50-day moving average and -4.15% away from the 200-day moving average. The market capitalization of the company currently stands at $3.78B.
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Among analysts, 1 rate the stock a hold while 10 rate it a buy. Brokers who have rated the stock have averaged $10.71 as their price target over the next twelve months.
A total of 0.57% of the company’s stock is owned by insiders.
A candlestick chart of Crescent Point Energy Corp (NYSE: CPG) showed a price of $6.90 on Friday morning. During the past 12 months, Crescent Point Energy Corp has had a low of $5.56 and a high of $8.57. 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 $7.92 and a two-hundred day moving average price translates $7.40 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 -$1.11, missing analysts’ expectations of $0.34 by -1.45. 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 $729.14M 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.
