Crescent Point Energy Corp (NYSE: CPG) has reported E.P.S. of $0.42 for its second fiscal quarter (ending June 30) versus $0.33 for the same period a year ago — an increase of 27%. Relative to the consensus estimate of $0.31, this was a premium of $0.11. E.P.S. were $0.57 for the latest four quarters through June 30 versus $0.37 for the same period a year ago — an increase of 54%.
Recent Price Action
Crescent Point Energy Corp (NYSE: CPG) stock declined by -2.6% on 7/25/24. The shares closed at $7.40. Moreover, exceptionally high trading volume at 246% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -4.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CPG is expected to continue to be a modest Value Builder.
Crescent Point Energy has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Crescent Point Energy has a good Power Rating of 71 and a very high Appreciation Score of 95, resulting in the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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