Veren Inc. (NYSE: CPG)’s stock price has increased by 2.84 compared to its previous closing price of 8.45. However, the company has seen a -0.91% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-18 that Crescent Point Energy (CPG) concluded the recent trading session at $8.45, signifying a -0.71% move from its prior day’s close.
Is It Worth Investing in Veren Inc. (NYSE: CPG) Right Now?
The price-to-earnings ratio for Veren Inc. (NYSE: CPG) is above average at 12.44x. The 36-month beta value for CPG is also noteworthy at 2.19. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for CPG is 573.11M, and at present, short sellers hold a 2.60% of that float. The average trading volume of CPG on April 22, 2024 was 6.19M shares.
CPG’s Market Performance
The stock of Veren Inc. (CPG) has seen a -0.91% decrease in the past week, with a 10.00% rise in the past month, and a 34.94% gain in the past quarter. The volatility ratio for the week is 3.35%, and the volatility levels for the past 30 days are at 2.66% for CPG. The simple moving average for the last 20 days is 2.83% for CPG stock, with a simple moving average of 15.36% for the last 200 days.
CPG Trading at 13.01% 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 -4.19% of loss for the given period.
Volatility was left at 2.66%, however, over the last 30 days, the volatility rate increased by 3.35%, as shares surge +9.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +38.82% upper at present.
During the last 5 trading sessions, CPG fell by -0.91%, which changed the moving average for the period of 200-days by +28.36% in comparison to the 20-day moving average, which settled at $8.49. In addition, Veren Inc. saw 25.40% 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
In summary, Veren Inc. (CPG) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
