During the recent session, Crescent Point Energy Corp. (NYSE:CPG)’s traded shares were 3.87 million, with the beta value of the company hitting 3.06. At the last check today, the stock’s price was $7.24, reflecting an intraday loss of -4.62% or -$0.35. The 52-week high for the CPG share is $10.96, that puts it down -51.38 from that peak though still a striking 62.02% gain since the share price plummeted to a 52-week low of $2.75. The company’s market capitalization is $6.14B, and the average trade volume was 11.91 million shares over the past three months.
Crescent Point Energy Corp. (NYSE:CPG) trade information
Crescent Point Energy Corp. (CPG) registered a -4.62% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.62% in intraday trading to $7.24 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -18.12%, and it has moved by 0.13% in 30 days. Based on these gigs, the overall price performance for the year is 66.81%.
Crescent Point Energy Corp. (CPG) estimates and forecasts
Statistics show that Crescent Point Energy Corp. has outperformed its competitors in share price, compared to the industry in which it operates. Crescent Point Energy Corp. (CPG) shares have gone up 72.89% during the last six months, with a year-to-date growth rate more than the industry average at 336.11% against 13.50. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -90.60% this quarter and then jump 170.00% in the quarter after that. In the rating firms’ projections, revenue will increase 48.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $701.33 million as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $653.06 million by the end of Sep 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 33.70%. While earnings are projected to return 186.40% in 2022.
Crescent Point Energy Corp. is due to release its next quarterly earnings between February 22 and February 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Crescent Point Energy Corp. is 0.26, with the dividend yield indicating at 3.43 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 2.75%.
Crescent Point Energy Corp. (NYSE:CPG)’s Major holders
Crescent Point Energy Corp. insiders own 0.31% of total outstanding shares while institutional holders control 42.76%, with the float percentage being 42.90%. Franklin Resources, Inc. is the largest shareholder of the company, while 245 institutions own stock in it. As of Dec 30, 2021, the company held over 31.0 million shares (or 5.41% of all shares), a total value of $165.52 million in shares.
The next largest institutional holding, with 18.23 million shares, is of Connor Clark & Lunn Investment Management Ltd’s that is approximately 3.18% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $132.18 million.
Also, the Mutual Funds coming in first place with the largest holdings of Crescent Point Energy Corp. (CPG) shares are Franklin Value Investors Trust-Franklin Small Cap Value and DFA International Small Cap Value Portfolio. Data provided on Jan 30, 2022 indicates that Franklin Value Investors Trust-Franklin Small Cap Value owns about 23.46 million shares. This amounts to just over 4.10 percent of the company’s overall shares, with a $151.05 million market value. The same data shows that the other fund manager holds slightly less at 7.83 million, or about 1.37% of the stock, which is worth about $50.45 million.