In the past week, CPG stock has gone down by -0.34%, with a monthly gain of 13.45% and a quarterly surge of 32.08%. The volatility ratio for the week is 2.60%, and the volatility levels for the last 30 days are 2.39% for Veren Inc.. The simple moving average for the past 20 days is 6.05% for CPG’s stock, with a 17.18% simple moving average for the past 200 days.
Is It Worth Investing in Veren Inc. (NYSE: CPG) Right Now?
The price-to-earnings ratio for Veren Inc. (NYSE: CPG) is 12.55x, 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 573.40M and currently, short sellers hold a 2.60% of that float. On April 15, 2024, CPG’s average trading volume was 6.08M shares.
CPG) stock’s latest price update
Veren Inc. (NYSE: CPG)’s stock price has dropped by -1.13 in relation to previous closing price of 8.87. Nevertheless, the company has seen a loss of -0.34% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-11 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 17.47% 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 -2.77% of loss for the given period.
Volatility was left at 2.39%, however, over the last 30 days, the volatility rate increased by 2.60%, as shares surge +13.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.51% upper at present.
During the last 5 trading sessions, CPG fell by -0.34%, which changed the moving average for the period of 200-days by +34.92% in comparison to the 20-day moving average, which settled at $8.32. In addition, Veren Inc. saw 26.55% 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 3.27. 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.
