Crescent Point Energy Corp. [CPG] is 47.19% higher this YTD. Is it still time to buy?



Crescent Point Energy Corp. [NYSE: CPG] loss -8.18% on the last trading session, reaching $7.86 price per share at the time. The company report on May 19, 2022 that Crescent Point Announces Annual General Meeting Results.

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Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX: CPG) and (NYSE: CPG) held its Annual General Meeting of Shareholders (“the meeting”) on May 19, 2022.

During the regular business proceedings at the meeting, shareholders elected all director nominees to the Board of Directors of the Company (the “Board”) and approved all other items of business brought before the meeting. Voting results for all resolutions and advisory votes are below.

Crescent Point Energy Corp. represents 576.89 million in outstanding shares, while the company has a total market value of $6.36 billion with the latest information. CPG stock price has been found in the range of $7.74 to $8.56.

If compared to the average trading volume of 11.22M shares, CPG reached a trading volume of 22472732 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 $10.21 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 2.00. 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.

Scotiabank have made an estimate for Crescent Point Energy Corp. shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on June 08, 2022. The new note on the price target was released on June 10, 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 0.55, with the Price to Sales ratio for CPG stock in the period of the last 12 months amounting to 1.95. The Price to Book ratio for the last quarter was 0.70, 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 6.18 with Quick ratio for the last quarter at 0.50.

Trading performance analysis for CPG stock

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 -23.47. With this latest performance, CPG shares gained by 5.65% in over the last four-week period, additionally plugging by 67.23% over the last 6 months – not to mention a rise of 86.70% 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 39.29, with the RSI for the last a single of trading hit 29.72, and the three-weeks RSI is set at 44.62 for Crescent Point Energy Corp. [CPG]. The present Moving Average for the last 50 days of trading for this stock 7.96, while it was recorded at 8.91 for the last single week of trading, and 6.18 for the last 200 days.

Crescent Point Energy Corp. [CPG]: A deeper dive into fundamental analysis

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 0.50 and a Current Ratio set at 0.50.

An analysis of insider ownership at Crescent Point Energy Corp. [CPG]

There are presently around $1,641 million, or 42.76% of CPG stock, in the hands of institutional investors. The top three institutional holders of CPG stocks are: FRANKLIN RESOURCES INC with ownership of 30,856,390, which is approximately -0.45% of the company’s market cap and around 0.31% of the total institutional ownership; CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD., holding 18,232,339 shares of the stock with an approximate value of $143.31 million in CPG stocks shares; and VANGUARD GROUP INC, currently with $135.35 million in CPG stock with ownership of nearly 2.461% 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 90 institutional holders increased their position in Crescent Point Energy Corp. [NYSE:CPG] by around 31,641,530 shares. Additionally, 67 investors decreased positions by around 34,794,608 shares, while 24 investors held positions by with 142,390,185 shares. The mentioned changes placed institutional holdings at 208,826,323 shares, according to the latest SEC report filing. CPG stock had 40 new institutional investments in for a total of 11,968,112 shares, while 19 institutional investors sold positions of 5,582,636 shares during the same period.