A new trading day began on November 20, 2023, with Crescent Point Energy Corp (NYSE: CPG) stock priced at $7.15, up 0.14% from the previous day of trading. During the day, the shares moved up to $7.1883 and dropped to $7.07 before settling in for the closing price of $7.06. CPG’s price has ranged from $5.56 to $8.57 over the past 52 weeks.
A company in the Energy sector has jumped its sales by 18.29% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -106.63%. With a float of $533.06 million, this company’s outstanding shares have now reached $550.89 million.
In an organization with 768 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +51.75, operating margin of +48.85, and the pretax margin is +46.86.
Crescent Point Energy Corp (CPG) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas E&P Industry. The insider ownership of Crescent Point Energy Corp is 0.57%, while institutional ownership is 38.51%.
Crescent Point Energy Corp (CPG) Performance Highlights and Predictions
In its latest quarterly report, released on 9/29/2023, the company reported earnings of -$1.11 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +37.15 while generating a return on equity of 24.93. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -106.63% per share during the next fiscal year.
Crescent Point Energy Corp (NYSE: CPG) Trading Performance Indicators
Here are Crescent Point Energy Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.29. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.47. Likewise, its price to free cash flow for the trailing twelve months is 5.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.21, a number that is poised to hit 0.34 in the next quarter and is forecasted to reach 1.20 in one year’s time.
Technical Analysis of Crescent Point Energy Corp (CPG)
Let’s dig in a bit further. During the last 5-days, its volume was 5.78 million. That was better than the volume of 4.35 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 44.80%. Additionally, its Average True Range was 0.26.
During the past 100 days, Crescent Point Energy Corp’s (CPG) raw stochastic average was set at 27.27%, which indicates a significant increase from 20.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.57% in the past 14 days, which was higher than the 37.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.89, while its 200-day Moving Average is $7.40. However, in the short run, Crescent Point Energy Corp’s stock first resistance to watch stands at $7.15. Second resistance stands at $7.23. The third major resistance level sits at $7.27. If the price goes on to break the first support level at $7.03, it is likely to go to the next support level at $6.99. Assuming the price breaks the second support level, the third support level stands at $6.91.
Crescent Point Energy Corp (NYSE: CPG) Key Stats
With a market capitalization of 3.79 billion, the company has a total of 573,344K Shares Outstanding. Currently, annual sales are 3,071 M while annual income is 1,141 M. The company’s previous quarter sales were 677,250 K while its latest quarter income was -603,620 K.