Crescent Point Energy Corp. (CPG) 20 Days SMA touches -7.12%: The odds favor the bear

Crescent Point Energy Corp. (NYSE: CPG) kicked off on August 04, 2022, at the price of $7.09, down -6.57% from the previous trading day. During the day, the shares moved up to $7.09 and dropped to $6.65 before settling in for the closing price of $7.15. Over the past 52 weeks, CPG has traded in a range of $2.75-$10.96.


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Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 5.30%. While this was happening, its average annual earnings per share was recorded 186.40%. With a float of $561.70 million, this company’s outstanding shares have now reached $571.44 million.

Considering the fact that the conglomerate employs 748 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +44.26, operating margin of +40.44, and the pretax margin is +111.82.

Crescent Point Energy Corp. (CPG) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas E&P Industry. The insider ownership of Crescent Point Energy Corp. is 0.31%, while institutional ownership is 42.76%.

Crescent Point Energy Corp. (CPG) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 6/29/2022, the organization reported $0.45 earnings per share (EPS), higher than consensus estimate (set at $0.4) by $0.05. This company achieved a net margin of +83.55 while generating a return on equity of 57.46. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.44 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 186.40% per share during the next fiscal year.

Crescent Point Energy Corp. (NYSE: CPG) Trading Performance Indicators

Take a look at Crescent Point Energy Corp.’s (CPG) current performance indicators. Last quarter, stock had a quick ratio of 0.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.26. Likewise, its price to free cash flow for the trailing twelve months is 3.42.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.94, a number that is poised to hit 0.63 in the next quarter and is forecasted to reach 2.67 in one year’s time.

Technical Analysis of Crescent Point Energy Corp. (CPG)

Compared to the last year’s volume of 11.03 million, its volume of 11.8 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 32.13%. Additionally, its Average True Range was 0.47.

During the past 100 days, Crescent Point Energy Corp.’s (CPG) raw stochastic average was set at 13.36%, which indicates a significant increase from 2.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 65.74% in the past 14 days, which was lower than the 73.26% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $7.95, while its 200-day Moving Average is $6.64. Nevertheless, the first resistance level for the watch stands at $6.96 in the near term. At $7.25, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.40. If the price goes on to break the first support level at $6.52, it is likely to go to the next support level at $6.37. Should the price break the second support level, the third support level stands at $6.08.

Crescent Point Energy Corp. (NYSE: CPG) Key Stats

The company with the Market Capitalisation of 4.57 billion has total of 567,369K Shares Outstanding. Its annual sales at the moment are 2,258 M in contrast with the sum of 1,886 M annual income. Company’s last quarter sales were recorded 885,920 K and last quarter income was 259,600 K.

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