The average price point forecasted by analysts for Crescent Point Energy Corp (CPG) is $10.71, which is $3.64 above the current market price. The public float for CPG is 533.06M, and currently, short sellers hold a 1.53% ratio of that float. The average trading volume of CPG on November 21, 2023 was 3.63M shares.
CPG) stock’s latest price update
Crescent Point Energy Corp (NYSE: CPG)’s stock price has plunge by 0.14relation to previous closing price of 7.06. Nevertheless, the company has seen a 1.79% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2023-11-08 that Crescent Point Energy management completed the Hammerhead acquisition to improve company finances and grow more cheaply than organic growth. The value of 2P reserves comes for free. Crescent Point Energy faced financial stress due to debt and drop in cash flow when oil prices dropped back in 2015. It’s now a far better company. Management is prioritizing debt payment and making accretive acquisitions like the Hammerhead acquisition to improve the company’s financial situation and future prospects.
CPG’s Market Performance
Crescent Point Energy Corp (CPG) has experienced a 1.79% rise in stock performance for the past week, with a -14.54% drop in the past month, and a -13.71% drop in the past quarter. The volatility ratio for the week is 2.49%, and the volatility levels for the past 30 days are at 3.10% for CPG. The simple moving average for the last 20 days is -6.70% for CPG stock, with a simple moving average of -4.02% for the last 200 days.
CPG Trading at -10.52% from the 50-Day Moving Average
After a stumble in the market that brought CPG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.52% of loss for the given period.
Volatility was left at 3.10%, however, over the last 30 days, the volatility rate increased by 2.49%, as shares sank -12.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.57% lower at present.
During the last 5 trading sessions, CPG rose by +1.58%, which changed the moving average for the period of 200-days by +1.87% in comparison to the 20-day moving average, which settled at $7.54. In addition, Crescent Point Energy Corp saw -0.27% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CPG
Current profitability levels for the company are sitting at:
- +48.85 for the present operating margin
- +51.75 for the gross margin
The net margin for Crescent Point Energy Corp stands at +37.15. The total capital return value is set at 25.05, while invested capital returns managed to touch 20.17. Equity return is now at value 1.08, with 0.67 for asset returns.
Based on Crescent Point Energy Corp (CPG), the company’s capital structure generated 24.11 points at debt to equity in total, while total debt to capital is 19.43. Total debt to assets is 16.50, with long-term debt to equity ratio resting at 15.43. Finally, the long-term debt to capital ratio is 12.43.
When we switch over and look at the enterprise to sales, we see a ratio of 1.87, with the company’s debt to enterprise value settled at 0.23. The receivables turnover for the company is 12.44 and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.80.
To put it simply, Crescent Point Energy Corp (CPG) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.