Today Crescent Point Energy Corp Stock Crashes

 Today Crescent Point Energy Corp Stock Crashes

The stock of Crescent Point Energy Corp (TSE:CPG) is a huge mover today! About 898,990 shares traded hands. Crescent Point Energy Corp (TSE:CPG) has declined 1.32% since March 10, 2016 and is downtrending. It has underperformed by 6.93% the S&P500.
The move comes after 5 months negative chart setup for the $9.11B company. It was reported on Oct, 17 by Barchart.com. We have $16.20 PT which if reached, will make TSE:CPG worth $455.50M less.

Crescent Point Energy Corp (TSE:CPG) Ratings Coverage

Out of 9 analysts covering Crescent Point Energy (TSE:CPG), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. $38 is the highest target while $5.25 is the lowest. The $24.29 average target is 42.46% above today’s ($17.05) stock price. Crescent Point Energy has been the topic of 45 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Desjardins Securities maintained it with “Buy” rating and $24 target price in Wednesday, September 21 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, January 8. The stock has “” rating given by Raymond James on Monday, June 6. The firm has “Equal Weight” rating given on Wednesday, July 22 by Barclays Capital. Canaccord Genuity maintained Crescent Point Energy Corp (TSE:CPG) rating on Friday, August 14. Canaccord Genuity has “Buy” rating and $25 price target. The company was maintained on Wednesday, September 21 by Scotia Capital. The rating was maintained by Scotia Capital with “Outperform” on Thursday, August 13. The rating was maintained by IBC on Wednesday, September 21 with “Sector Outperform”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, September 21 report. The stock of Crescent Point Energy Corp (TSE:CPG) has “Overweight” rating given on Thursday, October 29 by Barclays Capital.

More notable recent Crescent Point Energy Corp (TSE:CPG) news were published by: Fool.ca which released: “Cameco Corporation or Crescent Point Energy Corp.: Which Is a Better …” on October 14, 2016, also Seekingalpha.com with their article: “Grab Shares Of Crescent Point Energy Corp.” published on October 12, 2016, Fool.ca published: “Crescent Point Energy Corp. vs. Baytex Energy Corp.: Which Will Outperform in …” on October 11, 2016. More interesting news about Crescent Point Energy Corp (TSE:CPG) were released by: Stockhouse.com and their article: “Crescent Point Energy Confirms October 2016 Dividend” published on October 17, 2016 as well as Fool.ca‘s news article titled: “Why Crescent Point Energy Corp. Is About to See an Explosion in Free Cash Flow” with publication date: October 08, 2016.

Crescent Point Energy Corp. is a Canada gas and oil exploration, development and production company. The company has a market cap of $9.11 billion. The Firm is an gas and oil producer with assets consisting of light and medium oil and natural gas reserves in Western Canada and the United States. It currently has negative earnings. The Company’s primary assets are the shares in Crescent Point Holdings Inc. (CPHI), shares in Crescent Point U.S.

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