Crescent Point Energy Corp. (NYSE: CPG) is 4.76% higher on its value in year-to-date trading and has touched a low of $5.49 and a high of $10.92 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CPG stock was last observed hovering at around $7.34 in the last trading session, with the day’s gains setting it 0.15% off its average median price target of $10.45 for the next 12 months. It is also 44.89% off the consensus price target high of $13.59 offered by 14 analysts, but current levels are 12.7% higher than the price target low of $8.58 for the same period.
Currently trading at $7.49, the stock is 7.81% and 2.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.87 million and changing 2.04% at the moment leaves the stock 1.07% off its SMA200. CPG registered 17.78% gain for a year compared to 6-month loss of 8.28%.
The stock witnessed a 11.79% gain in the last 1 month and extending the period to 3 months gives it a 3.51%, and is 4.76% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.39% over the week and 3.66% over the month.
Crescent Point Energy Corp. (CPG) has around 748 employees, a market worth around $5.51B and $3.87B in sales. Current P/E ratio is 2.06 and Fwd P/E is 3.59. Profit margin for the company is 54.30%. Distance from 52-week low is 36.38% and -31.44% from its 52-week high. The company has generated returns on investments over the last 12 months (39.00%).
Crescent Point Energy Corp. (CPG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Crescent Point Energy Corp. (CPG) is a “Buy”. 14 analysts offering their recommendations for the stock have an average rating of 2.00, where 2 rate it as a Hold and 1 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Crescent Point Energy Corp. is expected to release its quarterly report on 05/12/2023.The EPS is expected to grow by 186.40% this year.
Crescent Point Energy Corp. (CPG) Top Institutional Holders
The shares outstanding are 563.55M, and float is at 554.02M with Short Float at 1.86%.