What is Crescent Point Energy Corp. (CPG) Stock Return on Shareholders’ Capital?

Crescent Point Energy Corp. (NYSE: CPG) stock fell -1.59% on Friday to $6.79 against a previous-day closing price of $6.90. With 17.12 million shares changed hands, the volume of the stock remained heavier than its average volume of 13.27 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $7.11 whereas the lowest price it dropped to was $6.77. The 52-week range on CPG shows that it touched its highest point at $10.96 and its lowest point at $3.69 during that stretch. With its current market cap of 5.11 billion, CPG has annualized dividend of $0.32 while the current yield stands at 4.71%. Beta for the stock currently stands at 3.01.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CPG was down-trending over the past week, with a drop of -6.86%, but this was down by -10.54% over a month. Three-month performance dropped to -10.54% while six-month performance fell -7.49%. The stock gained 79.63% in the past year, while it has gained 27.15% so far this year. A look at the trailing 12-month EPS for CPG yields 2.94 with Next year EPS estimates of 2.33. For the next quarter, that number is 0.60. This implies an EPS growth rate of 186.40% for this year and -38.79% for next year.

Float and Shares Shorts:

At present, 571.44 million CPG shares are outstanding with a float of 565.25 million shares on hand for trading. On Jul 14, 2022, short shares totaled 14.63 million, which was 2.58% higher than short shares on Jun 14, 2022. In addition to Mr. Craig Bryksa as the firm’s Pres, CEO & Non-Independent Director, Mr. Kenneth R. Lamont B.Com., BComm., C.A., CA serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 42.65% of CPG’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 24.04% of CPG, in contrast to 12.05% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in CPG with 3.74% of the stake, Franklin Mutual Advisers LLC holds 21,214,777 shares worth 21,214,777. A second-largest stockholder of CPG, Ninepoint Partners LP, holds 18,000,000 shares, controlling over 3.17% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in CPG, holding 12,786,493 shares or 2.25% stake. With a 3.17% stake in CPG, the Ninepoint Energy Fund is the largest stakeholder. A total of 18,000,000 shares are owned by the mutual fund manager. The Franklin Small Cap Value Fund, which owns about 2.72% of CPG stock, is the second-largest Mutual Fund holder. It holds 15,439,634 shares valued at 117.19 million. DFA International Small Cap Value holds 1.59% of the stake in CPG, owning 8,995,308 shares worth 68.27 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CPG since 14 analysts follow the stock currently. There are 11 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CPG analysts setting a high price target of $15.51 and a low target of $9.25, the average target price over the next 12 months is $11.84. Based on these targets, CPG could surge 128.42% to reach the target high and rise by 36.23% to reach the target low. Reaching the average price target will result in a growth of 74.37% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CPG will report FY 2022 earnings on 03/02/2023. Analysts have provided yearly estimates in a range of $3.08 being high and $2.68 being low. For CPG, this leads to a yearly average estimate of $2.86. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Crescent Point Energy Corp. surprised analysts by $0.06 when it reported $0.45 EPS against a consensus estimate of $0.39. The surprise factor in the prior quarter was $1.24. Based on analyst estimates, the high estimate for the next quarter is $0.46 and the low estimate is $0.33. The average estimate for the next quarter is thus $0.40.

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