Uncovering Institutional Buying In Crescent Point Energy Corp (NYSE: CPG)

Currently, there are 619.93M common shares owned by the public and among those 573.94M shares have been available to trade.

However, the script later moved the day high at 7.55, up 0.53%. The company’s stock has a 5-day price change of 1.48% and 14.05% over the past three months. CPG shares are trading 8.95% year to date (YTD), with the 12-month market performance up to 10.00% higher. 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 5.40 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.21%, 11.56%, and 3.33% respectively.

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Institutional ownership of Crescent Point Energy Corp (NYSE: CPG) shares accounts for 39.70% of the company’s 619.93M shares outstanding.

It has a market capitalization of $4.68B and a beta (3y monthly) value of 2.24. The stock’s trailing 12-month PE ratio is 10.81, while the earnings-per-share (ttm) stands at $0.70. The company has a PEG of 1.54 and a Quick Ratio of 0.76 with the debt-to-equity ratio at 0.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.37% over the week and 2.63% over the month.

Analysts forecast that Crescent Point Energy Corp (CPG) will achieve an EPS of $0.24 for the current quarter, $0.25 for the next quarter and $1.66 for 2025. The lowest estimate earnings-per-share for the quarter is $0.22 while analysts give the company a high EPS estimate of $0.27. Comparatively, EPS for the current quarter was $0.29 a year ago. Earnings per share for the fiscal year are expected to increase by 44.46%, and 25.58% over the next financial year.

BMO Capital Markets on their part issued Outperform rating on January 11, 2021.

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