Crescent Point Energy Corp. (NYSE:CPG) has a beta value of 3.31 and has seen 2,403,690 shares traded in the recent trading session. The company, currently valued at $862.81 Million, closed the recent trade at $1.62 per share which meant it lost $0 on the day or 2.53% during that session. The CPG stock price is -198.77% off its 52-week high price of $4.84 and 68.52% above the 52-week low of $0.51. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.45 Million shares traded. The 3-month trading volume is 2.58 Million shares.
Crescent Point Energy Corp. (NYSE:CPG) trade information
Sporting 1.58% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the CPG stock price touched $1.82 or saw a rise of 12.64%. Year-to-date, Crescent Point Energy Corp. shares have moved -64.43%, while the 5-day performance has seen it change -5.36%. Over the past 30 days, the shares of Crescent Point Energy Corp. (NYSE:CPG) have changed 13.57%. Short interest in the company has seen 16.28 Million shares shorted with days to cover at 6.31.
Crescent Point Energy Corp. (CPG) estimates and forecasts
2 analysts offering their estimates for the company have set an average revenue estimate of $705.31 Million for the current quarter. 2 have an estimated revenue figure of $665.49 Million for the next quarter concluding in March 01, 2018. Year-ago sales stood $589.62 Million and $621.41 Million respectively for this quarter and the next, and analysts expect sales will grow by 19.6% for the current quarter and 7.1% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -61.01% over the past 5 years. Earnings growth for 2020 is a modest +111.1% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Crescent Point Energy Corp. is expected to release its next earnings report in July, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.01 at a share yield of 0.47%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 5.64%.
Crescent Point Energy Corp. (NYSE:CPG)’s Major holders
Insiders own 0.05% of the company shares, while shares held by institutions stand at 43.69% with a share float percentage of 43.71%. Investors are also buoyed by the number of investors in a company, with Crescent Point Energy Corp. having a total of 208 institutions that hold shares in the company. The top two institutional holders are Franklin Resources, Inc with over 36.78 Million shares worth more than $28.28 Million. As of March 30, 2020, Franklin Resources, Inc held 6.95% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 16.42 Million shares as of March 30, 2020. The firm’s total holdings are worth over $12.63 Million and represent 3.1% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Franklin Mutual Series Fund-Mutual Global Discovery Fund and Vanguard International Stock Index-Total Intl Stock Indx. As of March 30, 2020, the former fund manager holds about 3.74% shares in the company for having 19820000 shares of worth $15.24 Million while later fund manager owns 8.95 Million shares of worth $29.43 Million as of January 30, 2020, which makes it owner of about 1.69% of company’s outstanding stock.