Crescent Point Energy Corp. [CPG] Is Currently 0.54 below its 200 Period Moving Avg: What Does This Mean?


Crescent Point Energy Corp. [NYSE: CPG] traded at a high on 05/06/22, posting a 0.54 gain after which it closed the day’ session at $7.39. The company report on May 5, 2022 that Crescent Point Announces Annual General Meeting Details.

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Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX: CPG) (NYSE: CPG) announces that its Annual General Meeting (“AGM”) will be held on May 19, 2022, at the Imperial Ballroom of the Hyatt Regency Calgary (700 Centre Street S.E.) at 10:00 a.m. MT (12:00 p.m. ET).

Shareholders are encouraged to attend the meeting. For those unable to attend, a live webcast of the AGM will also be available. It will not be possible to vote, or otherwise participate in the meeting through the webcast. To access either the live webcast or a replay, please visit the conference call and webcasts page of the Company’s website.

The results of the trading session contributed to over 12852468 shares changing hands. Over the past one week, the price volatility of Crescent Point Energy Corp. stands at 5.37% while the volatility over the past one month is 5.23%.

The market cap for CPG stock reached $5.47 billion, with 582.24 million shares outstanding and 572.10 million shares in the current float. Compared to the average trading volume of 9.09M shares, CPG reached a trading volume of 12852468 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Crescent Point Energy Corp. [CPG]?

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 0.40, with the Price to Sales ratio for CPG stock in the period of the last 12 months amounting to 1.93. The Price to Book ratio for the last quarter was 0.80, with the Price to Cash per share for the same quarter was set at 0.02. Price to Free Cash Flow for CPG in the course of the last twelve months was 7.09 with Quick ratio for the last quarter at 0.40.

How has CPG stock performed recently?

Crescent Point Energy Corp. [CPG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.79. With this latest performance, CPG shares gained by 8.04% in over the last four-week period, additionally plugging by 53.96% over the last 6 months – not to mention a rise of 69.50% 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 53.22, with the RSI for the last a single of trading hit 54.95, and the three-weeks RSI is set at 52.86 for Crescent Point Energy Corp. [CPG]. The present Moving Average for the last 50 days of trading for this stock 7.25, while it was recorded at 7.29 for the last single week of trading, and 5.45 for the last 200 days.

Crescent Point Energy Corp. [CPG]: Deeper insight into the 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 +40.44 and a Gross Margin at +44.26. Crescent Point Energy Corp.’s Net Margin is presently recorded at +83.55.

Return on Equity for this stock inclined to 57.46, with Return on Assets sitting at 29.89.

Crescent Point Energy Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.

Insider trade positions for Crescent Point Energy Corp. [CPG]

There are presently around $1,557 million, or 41.60% of CPG stock, in the hands of institutional investors. The top three institutional holders of CPG stocks are: FRANKLIN RESOURCES INC with ownership of 30,995,948, which is approximately -12.485% of the company’s market cap and around 0.18% of the total institutional ownership; CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD., holding 25,941,130 shares of the stock with an approximate value of $191.71 million in CPG stocks shares; and VANGUARD GROUP INC, currently with $124.2 million in CPG stock with ownership of nearly 0.736% of the company’s market capitalization.

Positions in Crescent Point Energy Corp. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 72 institutional holders increased their position in Crescent Point Energy Corp. [NYSE:CPG] by around 45,581,231 shares. Additionally, 59 investors decreased positions by around 30,633,214 shares, while 29 investors held positions by with 134,484,342 shares. The mentioned changes placed institutional holdings at 210,698,787 shares, according to the latest SEC report filing. CPG stock had 32 new institutional investments in for a total of 25,769,660 shares, while 14 institutional investors sold positions of 1,083,997 shares during the same period.