Crescent Point Energy Corp (CPG): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Crescent Point Completes Strategic Alberta Montney Consolidation and Provides Improved 2024 and Five-Year Outlook.

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Stocks Info

This NYSE-listed company operates within the Oil & Gas E&P industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $6.52 and fluctuated between $6.69 as its day high and $6.52 as its day low. The current market capitalization of Crescent Point Energy Corp is $4.09B. A total of 5.64 million shares were traded on the day, compared to an average of 4.71M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, CPG has seen 3 BUY and 0 SELL insider trades, representing the acquisition of 30,882 and the disposition of 0 shares. Over the last 12 months, there were 174 BUYs and 50 SELLs from insiders. Insiders purchased 22,827,844 shares during that period but sold 21,750,305.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. CPG’s most recent ex-dividend date was 12/14/2023 when it declared a $0.0720 quarterly dividend that was paid in cash on 1/2/2024. Previously, the company paid the dividend on 10/2/2023 with an ex-dividend date of 9/14/2023. The CPG stock dividend was $0.0750 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for CPG in the last 3 months, the mean price target is $13.44 with high estimates of $19.00 and low estimates of $12.00. In terms of 52-week highs and lows, CPG has a high of $8.57 and a low of $5.56.

As of this writing, CPG has an earnings estimate of $Chipotle Mexican Grill, Inc. per share for the current quarter. EPS was calculated based on a consensus of Procter & Gamble Company (The) estimates, with a high estimate of $Coupang, Inc. per share and a lower estimate of $Canadian Pacific Kansas City Li.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CPG’s latest balance sheet shows that the firm has $13.50M in Cash & Short Term Investments as of fiscal 2021. There were $2.11B in debt and $1.03B in liabilities at the time. Its Book Value Per Share was $8.02, while its Total Shareholder’s Equity was $5.41B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CPG is Buy with a score of 4.73.

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