The stock of Veren Inc. (NYSE:CPG) last traded at $8.83, up 0.34% from the previous session.
CPG stock price is now 20.41% away from the 50-day moving average and 18.55% away from the 200-day moving average. The market capitalization of the company currently stands at $5.47B.
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, while ‘RBC Capital Mkts’ rates the stock as ‘Outperform’
A total of 7.43% of the company’s stock is owned by insiders.
During the past 12 months, Veren Inc. has had a low of $6.03 and a high of $8.88. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 0.76, and a quick ratio of 0.76. According to the stock market information, the enterprise value for the company is $8.17B, which is based on a 12.64 price-to-earnings ratio, a 1.81 price-to-earnings-growth ratio, and a beta of 2.22. The fifty day moving average price for CPG is $7.38 and a two-hundred day moving average price translates $7.47 for the stock.
The latest earnings results from Veren Inc. (NYSE: CPG) was released for Dec, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $1.25, beating analysts’ expectations of $0.28 by 0.97. This compares to -$0.69 EPS in the same period last year. The net profit margin was 16.29% and return on equity was 12.80% for CPG. The company reported revenue of $461.75 million for the quarter, compared to $669.35 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -31.01 percent. For the current quarter, analysts expect CPG to generate $742.64M in revenue.
Veren Inc.(CPG) Company Profile
Crescent Point Energy Corp. explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota. Crescent Point Energy Corp. was incorporated in 1994 and is headquartered in Calgary, Canada.
