In the past week, CPG stock has gone up by 5.65%, with a monthly gain of 12.74% and a quarterly surge of 18.25%. The volatility ratio for the week is 2.44%, and the volatility levels for the last 30 days are 2.32% for Veren Inc. The simple moving average for the past 20 days is 6.19% for CPG’s stock, with a 11.38% simple moving average for the past 200 days.
Is It Worth Investing in Veren Inc. (NYSE: CPG) Right Now?
Veren Inc. (NYSE: CPG) has a higher price-to-earnings ratio of 11.78x compared to its average ratio, The 36-month beta value for CPG is at 2.24. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CPG is 573.89M, and currently, shorts hold a 2.97% of that float. The average trading volume for CPG on April 01, 2024 was 5.64M shares.
CPG) stock’s latest price update
The stock price of Veren Inc. (NYSE: CPG) has surged by 0.49 when compared to previous closing price of 8.19, but the company has seen a 5.65% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-26 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
CPG Trading at 16.39% 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 -3.99% of loss for the given period.
Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 2.44%, as shares surge +10.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.03% upper at present.
During the last 5 trading sessions, CPG rose by +6.16%, which changed the moving average for the period of 200-days by +21.26% in comparison to the 20-day moving average, which settled at $7.79. In addition, Veren Inc. saw 18.76% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CPG
Current profitability levels for the company are sitting at:
- 0.35 for the present operating margin
- 0.67 for the gross margin
The net margin for Veren Inc. stands at 0.17. The total capital return value is set at 0.1. Equity return is now at value 12.80, with 7.67 for asset returns.
Based on Veren Inc. (CPG), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.59. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is 9.45.
Currently, EBITDA for the company is 2.17 billion with net debt to EBITDA at 1.64. When we switch over and look at the enterprise to sales, we see a ratio of 3.1. The receivables turnover for the company is 7.48for trailing twelve months and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.76.
Conclusion
In conclusion, Veren Inc. (CPG) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
