In recent trading session, Crescent Point Energy Corp. (NYSE:CPG) saw 1.25 million shares changing hands at last check today with its beta currently measuring 3.35. Company’s recent per share price level of $6.53 trading at $0.1 or 1.56% at last check today assigns it a market valuation of $4.67B. That most recent trading price of CPG’s stock is at a discount of -3.83% from its 52-week high price of $6.78 and is indicating a premium of 59.26% from its 52-week low price of $2.66. Taking a look at company’s average trading volume of 5.52 million if we extend that period to 3-months.
For Crescent Point Energy Corp. (CPG), analysts’ consensus is at an average recommendation of an Overweight. Splitting up the data highlights that, out of 15 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 10 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.18 in the current quarter.
Crescent Point Energy Corp. (NYSE:CPG) trade information
Upright in the green today for gaining 1.56%, in the last five days CPG remained trading in the green while hitting it’s week-highest on Thursday, 01/13/22 when the stock touched $6.53 price level, adding 3.69% to its value on the day. Crescent Point Energy Corp.’s shares saw a change of 20.41% in year-to-date performance and have moved 7.17% in past 5-day. Crescent Point Energy Corp. (NYSE:CPG) showed a performance of 36.52% in past 30-days.
Wall Street analysts have assigned a consensus price target of $8.00 to the stock, which implies a rise of 18.37% to its recent value today. Analysts have been projecting $5.51 as a low price target for the stock while placing it at a high target of $9.86. It follows that stock’s current price would drop -51.0% in reaching the projected high whereas dropping to the targeted low would mean a gain of 15.62% for stock’s current value.
Crescent Point Energy Corp. (CPG) estimates and forecasts
Statistics highlight that Crescent Point Energy Corp. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 90.24% of value to its shares in past 6 months, showing an annual growth rate of 1,260.00% while that of industry is -1.60. Apart from that, the company came raising its revenue forecast for fiscal year 2022.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $530.19 million for the same.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -21.20% during past 5 years.
Crescent Point Energy Corp. is more likely to be releasing its next quarterly report on March 03 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Crescent Point Energy Corp. (NYSE:CPG)’s Major holders
Insiders are in possession of 8.77% of company’s total shares while institution are holding 39.64 percent of that, with stock having share float percentage of 43.45%. Investors also watch the number of corporate investors in a company very closely, which is 39.64% institutions for Crescent Point Energy Corp. that are currently holding shares of the company. Franklin Resources, Inc. is the top institutional holder at CPG for having 35.42 million shares of worth $163.28 million. And as of Sep 29, 2021, it was holding 6.08% of the company’s outstanding shares.
The second largest institutional holder is Connor Clark & Lunn Investment Management Ltd, which was holding about 29.75 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 5.11% of outstanding shares, having a total worth of $137.16 million.
On the other hand, Franklin Value Investors Trust-Franklin Small Cap Value and DFA International Small Cap Value Portfolio are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 22.63 million shares of worth $113.82 million or 3.89% of the total outstanding shares. The later fund manager was in possession of 6.98 million shares on Oct 30, 2021, making its stake of worth around $35.13 million in the company or a holder of 1.20% of company’s stock.