CPG Stock Summary and Trading Ideas (Crescent Point Energy Ordinary Shares (Canada) | NYSE:CPG)

Crescent Point Energy Corp is an independent exploration and production company. It is engaged in acquiring, developing, and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly-owned subsidiaries. The company generates maximum revenue from Oil and gas sales.

Crescent Point Energy Ordinary Shares (Canada) trades on the NYSE stock market under the symbol CPG.

As of April 22, 2024, CPG stock price declined to $8.68 with 3,947,377 million shares trading.

CPG has a beta of 0.40, meaning it tends to be less sensitive to market movements. CPG has a correlation of 0.02 to the broad based SPY ETF.

CPG has a market cap of $5.38 billion. This is considered a Mid Cap stock.

Last quarter Crescent Point Energy Ordinary Shares (Canada) reported $696 million in Revenue and $.27 earnings per share. This fell short of revenue expectation by $-45 million and missed earnings estimates by -$.01.

In the last 3 years, CPG stock traded as high as $10.96 and as low as $2.75.

The top ETF exchange traded funds that CPG belongs to (by Net Assets): DISV, FCG, DFIC, DFIS, DFAX.

CPG stock has underperformed the market in the last year with a return of +18.6%, while SPY returned +22.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CPG shares. However, CPG has outperformed the market in the last 3 month and 2 week periods, returning +36.6% and -1.4%, while SPY returned +3.9% and -3.6%, respectively. This indicates CPG has been having a stronger performance recently.

CPG support price is $8.50 and resistance is $8.88 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CPG stock will trade within this expected range on the day.