Crescent Point Energy Corp. [NYSE: CPG] stock went on a downward path that fall over -4.60% on Tuesday, amounting to a one-week price decrease of less than -0.80%. The company report on September 13, 2021 that Crescent Point Increases Fourth Quarter Dividend and Announces Preliminary 2022 Outlook.
Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX: CPG) and (NYSE: CPG) has approved an increase to the Company’s quarterly dividend as a result of significant progress made on improving its balance sheet strength and sustainability. Crescent Point is also pleased to announce its preliminary 2022 budget, which is expected to generate significant excess cash flow that leads to additional balance sheet strength and the opportunity to create further shareholder value.
Over the last 12 months, CPG stock rose by 268.89%. The one-year Crescent Point Energy Corp. stock forecast points to a potential upside of 43.73. The average equity rating for CPG stock is currently 3.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $3.54 billion, with 581.67 million shares outstanding and 530.57 million shares in the current float. Compared to the average trading volume of 3.43M shares, CPG stock reached a trading volume of 5348354 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Crescent Point Energy Corp. [CPG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CPG shares is $8.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CPG stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
RBC Capital Mkts have made an estimate for Crescent Point Energy Corp. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 10, 2021. The new note on the price target was released on February 23, 2021, representing the official price target for Crescent Point Energy Corp. stock.
The Average True Range (ATR) for Crescent Point Energy Corp. is set at 0.25, with the Price to Sales ratio for CPG stock in the period of the last 12 months amounting to 1.71. The Price to Book ratio for the last quarter was 0.55, with the Price to Cash per share for the same quarter was set at 0.01. Price to Free Cash Flow for CPG in the course of the last twelve months was 4.36 with Quick ratio for the last quarter at 0.50.
CPG Stock Performance Analysis:
Crescent Point Energy Corp. [CPG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.80. With this latest performance, CPG shares gained by 28.35% in over the last four-week period, additionally plugging by 22.96% over the last 6 months – not to mention a rise of 268.89% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CPG stock in for the last two-week period is set at 64.84, with the RSI for the last a single of trading hit 63.53, and the three-weeks RSI is set at 63.71 for Crescent Point Energy Corp. [CPG]. The present Moving Average for the last 50 days of trading for this stock 3.90, while it was recorded at 5.05 for the last single week of trading, and 3.83 for the last 200 days.
Insight into Crescent Point Energy Corp. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Crescent Point Energy Corp. [CPG] shares currently have an operating margin of +0.15 and a Gross Margin at +5.82. Crescent Point Energy Corp.’s Net Margin is presently recorded at -169.35.
Return on Total Capital for CPG is now 0.03, given the latest momentum, and Return on Invested Capital for the company is -38.22. Return on Equity for this stock declined to -61.72, with Return on Assets sitting at -30.11. When it comes to the capital structure of this company, Crescent Point Energy Corp. [CPG] has a Total Debt to Total Equity ratio set at 85.59. Additionally, CPG Total Debt to Total Capital is recorded at 46.12, with Total Debt to Total Assets ending up at 36.35. Long-Term Debt to Equity for the company is recorded at 76.81, with the Long-Term Debt to Total Capital now at 41.38.
Reflecting on the efficiency of the workforce at the company, Crescent Point Energy Corp. [CPG] managed to generate an average of -$3,428,435 per employee. Receivables Turnover for the company is 6.00 with a Total Asset Turnover recorded at a value of 0.18.Crescent Point Energy Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.50.
Crescent Point Energy Corp. [CPG] Insider Position Details
There are presently around $998 million, or 39.06% of CPG stock, in the hands of institutional investors. The top three institutional holders of CPG stocks are: FRANKLIN RESOURCES INC with ownership of 52,228,639, which is approximately 32.192% of the company’s market cap and around 8.78% of the total institutional ownership; CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD., holding 28,271,020 shares of the stock with an approximate value of $140.79 million in CPG stocks shares; and VANGUARD GROUP INC, currently with $81.32 million in CPG stock with ownership of nearly 1.409% of the company’s market capitalization.
Positions in Crescent Point Energy Corp. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 57 institutional holders increased their position in Crescent Point Energy Corp. [NYSE:CPG] by around 36,627,740 shares. Additionally, 59 investors decreased positions by around 28,678,000 shares, while 20 investors held positions by with 135,133,998 shares. The mentioned changes placed institutional holdings at 200,439,738 shares, according to the latest SEC report filing. CPG stock had 15 new institutional investments in for a total of 2,695,518 shares, while 12 institutional investors sold positions of 6,965,488 shares during the same period.