Geometry Dash APK Hill Climb Racing APK
47.2 F
New York
Wednesday, January 19, 2022

Crescent Point Energy Corp. (CPG) Recent Earnings Shows Major Promise

Must read

88 Energy Limited Ltd (EEENF) Update: Continues Climbing on Significant Volume

Investors who might be looking for stocks that have made considerable gains in recent weeks could consider having a closer look at...

Victory Resources Corporation (OTCMKTS:VRCFF) Stock Rockets After Announcing A New Acquisition

Nowadays, lithium is in huge demand across several industries and hence, it the rally in the Victory Resources Corporation (OTCMKTS:VRCFF) stock the...

Healthier Choices Management Corp (OTCMKTS:HCMC) Heats Up: WallStreetBets at it Again

At the mid-point of the trading week, it is often prundent for investors to take stock of the market and take a...

Is Enzolytics Inc (OTCMKTS:ENZC) Making All The Right Moves in 2021

When a stock makes massive gains over a reasonable period of time, then it is necessary for investors to perhaps looking into...

Many stocks have been testing new highs in 2020, and one of the most notable is Crescent Point Energy Corp. (CPG). Currently, CPG is trading at $2.19 and the avg recommendation for the stock is Hold.

To add more color to this target, the company’s high over the last year is $4.84 and the low is $0.51. Over the last 52 weeks, CPG is down -54.75% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, CPG reported a profit of $-2.18 billion. Crescent Point Energy Corp. also saw revenues decrease to $362.93 million. In addition, CPG has free cash flow of -$2.69 million as of 03-2020 The company’s EBITDA came in at $665.91 million which compares well with its peers.

About Crescent Point Energy Corp.

If readers are unfamiliar, Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil and natural gas reserves in Western Canada and the United States. The company’s crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota and Montana. Crescent Point Energy Corp. is headquartered in Calgary, Canada.

Find out when CPG reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CPG has a short ratio of 6.95 and outstanding shares of 528.96M.

Company Outlook

CPG has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 3.01 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.39. Crescent Point Energy Corp. CPG also noted assets of $5.29 billion at the end of the last quarter. Investors should also keep an eye on sector updates as CPG has historically followed its peers on positive news.

All told, Crescent Point Energy Corp. CPG has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CPG represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Crescent Point Energy Corp. CPG is now commanding a market cap of 1.16B and a float of 528.96M. CPG is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CPG stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in CPG, either long or short, and we have not been compensated for this article.

Latest article

iQSTEL Inc (OTCMKTS:IQST) Stock Makes a Big Move: Jumps 45% In a Week

In the past week, iQSTEL Inc (OTCMKTS: IQST) has emerged as a point of focus among a large number of investors and...

HUMBL Inc (OTCMKTS:HMBL) Stock Sees Big Bounce After Recent Slump

Since the beginning of 2021, HUMBL Inc (OTCMKTS:HMBL) had been one of the major movers from among penny stocks and had come into...

Dividend Stocks to Buy Now

A classic mistake that investors make when looking for dividend stocks is to just go for the biggest dividend yield. It makes...

88 Energy Ltd (OTCMKTS:EEENF) Stock Surges 40% But Can’t Hold Gains

The oil and gas company 88 Energy Ltd (OTCMKTS:EEENF) seems to have come back on to the radars of investors over the...

Net Savings Link Inc (OTCMKTS:NSAV) Stock is Getting Pummeled Again

Nowadays there are plenty of options for investors when it comes to making investments in the cryptocurrency and...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service