The price-to-earnings ratio for Veren Inc. (NYSE: CPG) is 12.53x, which is above its average ratio. Moreover, the 36-month beta value for CPG is 2.22. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for CPG is 573.89M and currently, short sellers hold a 2.97% of that float. On April 08, 2024, CPG’s average trading volume was 5.86M shares.
CPG) stock’s latest price update
The stock price of Veren Inc. (NYSE: CPG) has plunged by -0.51 when compared to previous closing price of 8.80, but the company has seen a 7.16% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-08 that Here is how Crescent Point Energy (CPG) and Valero Energy (VLO) have performed compared to their sector so far this year.
CPG’s Market Performance
Veren Inc. (CPG) has seen a 7.16% rise in stock performance for the week, with a 15.50% gain in the past month and a 26.52% surge in the past quarter. The volatility ratio for the week is 2.53%, and the volatility levels for the past 30 days are at 2.25% for CPG. The simple moving average for the last 20 days is 9.10% for CPG stock, with a simple moving average of 17.71% for the last 200 days.
CPG Trading at 20.10% 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 -1.19% of loss for the given period.
Volatility was left at 2.25%, however, over the last 30 days, the volatility rate increased by 2.53%, as shares surge +16.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.02% upper at present.
During the last 5 trading sessions, CPG rose by +6.97%, which changed the moving average for the period of 200-days by +30.25% in comparison to the 20-day moving average, which settled at $8.09. In addition, Veren Inc. saw 26.33% 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 3.24. 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
To wrap up, the performance of Veren Inc. (CPG) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
