Reassessing The Changing Outlook For Crescent Point Energy Corp (CPG)

Currently, there are 626.55M common shares owned by the public and among those 581.73M shares have been available to trade.

Insiders at the company have transacted a total of 212 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 164 of these insider trades were purchases, accounting for 22,041,544 shares. Insider sales of the common stock occurred on 48 occasions, with total insider shares sold totaling 21,123,705 shares.

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The company’s stock has a 5-day price change of 1.44% and -9.87% over the past three months. CPG shares are trading -8.37% year to date (YTD), with the 12-month market performance down to -13.57% lower. It has a 12-month low price of $5.56 and touched a high of $8.57 over the same period. CPG has an average intraday trading volume of 1.15 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.08%, -4.75%, and -12.79% respectively.

Institutional ownership of Crescent Point Energy Corp (NYSE: CPG) shares accounts for 35.16% of the company’s 626.55M shares outstanding.

It has a market capitalization of $3.98B and a beta (3y monthly) value of 2.22. The earnings-per-share (ttm) stands at -$1.21. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.31% over the week and 2.53% over the month.

Analysts forecast that Crescent Point Energy Corp (CPG) will achieve an EPS of $0.28 for the current quarter, $0.23 for the next quarter and $1.01 for 2024. The lowest estimate earnings-per-share for the quarter is $0.22 while analysts give the company a high EPS estimate of $0.3. Comparatively, EPS for the current quarter was -$0.67 a year ago. Earnings per share for the fiscal year are expected to decrease by -112.92%, and 515.64% over the next financial year.

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