Crescent Point Energy Corp [CPG] stock prices are up 0.90% to $7.84 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CPG shares have gain 3.84% over the last week, with a monthly amount glided 17.01%, and seem to be holding up well over a long-time horizon.
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On 7, March 2024, Crescent Point Receives Approval for Normal Course Issuer Bid. In a post published today on Yahoo Finance, Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX: CPG) (NYSE: CPG) is pleased to announce the Toronto Stock Exchange (“TSX”) has accepted its notice to implement a normal course issuer bid (“NCIB”) to purchase, for cancellation, up to 61,663,522 common shares, or 10 percent of the Company’s public float, as at February 29, 2024. The NCIB is scheduled to commence on March 11, 2024 and is due to expire on March 10, 2025.
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.
The stock price of Crescent Point Energy Corp [CPG] has been fluctuating between $5.62 and $8.57 over the past year. Crescent Point Energy Corp [NYSE: CPG] shares were valued at $7.84 at the most recent close of the market.
Analyzing the CPG fundamentals
The Crescent Point Energy Corp [NYSE:CPG] reported sales of 2.53B for trailing twelve months, representing a drop of -5.94%. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.09 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.54.
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 7.68 points at the first support level, and at 7.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.93, and for the 2nd resistance point, it is at 8.02.
Crescent Point Energy Corp [CPG] reported earnings per share of $1.26 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.28/share, meaning a difference of $0.98 and a surprise factor of 350.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$1.13 per share as compared to estimates of $0.35 per share, a difference of -$1.48 representing a surprise of -422.90%.
Ratios To Look Out For
It’s worth pointing out that Crescent Point Energy Corp [NYSE:CPG]’s Current Ratio is 0.76. In addition, the Quick Ratio stands at 0.76 and the Cash Ratio stands at 0.01. Considering the valuation of this stock, the price to sales ratio is 1.92, the price to book ratio is 0.93 and price to earnings (TTM) ratio is 11.22.
