At the time of writing, Crescent Point Energy Corp [CPG] stock is trading at $7.05, down -0.98%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CPG shares have gain 5.22% over the last week, with a monthly amount glided 8.29%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Crescent Point Announces Q4 and Year-End 2023 Results Conference Call. In a post published today on Yahoo Finance, Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX: CPG) (NYSE: CPG) plans to report its fourth quarter and year-end 2023 financial and operating results via press release prior to the opening of markets on Thursday, February 29, 2024. Crescent Point’s management will hold a conference call at 10:00 a.m. MT (12:00 p.m. ET) the same day to discuss the Company’s results and outlook.
From an analyst’s perspective:
Previously, Scotiabank upgraded its rating to Sector Outperform on June 08, 2022. On June 10, 2021, upgrade upgraded it’s rating to Outperform. Scotiabank upgraded its rating to a Sector Outperform. BMO Capital Markets upgraded its rating to a Outperform. Canaccord Genuity upgraded its rating to Buy for this stock on January 07, 2021. In a note dated December 16, 2020, CIBC upgraded an Sector Outperform rating on this stock.
For the past year, the stock price of Crescent Point Energy Corp fluctuated between $5.56 and $8.57. Crescent Point Energy Corp [NYSE: CPG] shares were valued at $7.05 at the most recent close of the market.
Analyzing the CPG fundamentals
According to Crescent Point Energy Corp [NYSE:CPG], the company’s sales were 2.57B for trailing twelve months, which represents an -8.82% plunge. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.99 points at the first support level, and at 6.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.10, and for the 2nd resistance point, it is at 7.14.
Crescent Point Energy Corp [CPG] reported earnings per share of -$1.13 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.35/share, meaning a difference of -$1.48 and a surprise factor of -422.90%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.29 per share as compared to estimates of $0.29 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
It is important to note that Crescent Point Energy Corp [NYSE:CPG] has a current ratio of 1.29. Also, the Quick Ratio is 1.29, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 1.72, the price to book ratio is 0.88.
