Could Crescent Point Energy Corp Rise Even More? The Stock Had Another Big Increase Today

 Could Crescent Point Energy Corp Rise Even More? The Stock Had Another Big Increase Today

The stock of Crescent Point Energy Corp (TSE:CPG) is a huge mover today! About 526,326 shares traded hands. Crescent Point Energy Corp (TSE:CPG) has declined 7.09% since March 11, 2016 and is downtrending. It has underperformed by 12.57% the S&P500.
The move comes after 5 months positive chart setup for the $9.29B company. It was reported on Oct, 18 by Barchart.com. We have $26.43 PT which if reached, will make TSE:CPG worth $4.83B more.

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 39.68% above today’s ($17.39) stock price. Crescent Point Energy has been the topic of 45 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Canaccord Genuity on Friday, August 14 with “Buy”. The firm has “Outperform” rating by National Bank Canada given on Friday, November 6. The firm earned “Sector Perform” rating on Friday, January 8 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, September 21. The stock of Crescent Point Energy Corp (TSE:CPG) earned “” rating by Desjardins Securities on Tuesday, June 28. IBC maintained the stock with “Sector Outperform” rating in Wednesday, September 21 report. Barclays Capital downgraded the shares of CPG in a report on Wednesday, July 22 to “Equal Weight” rating. Scotia Capital maintained Crescent Point Energy Corp (TSE:CPG) on Thursday, August 13 with “Outperform” rating. The stock of Crescent Point Energy Corp (TSE:CPG) earned “Buy” rating by Desjardins Securities on Wednesday, September 21. TD Securities downgraded it to “Buy” rating and $30 target price in Monday, August 15 report.

More notable recent Crescent Point Energy Corp (TSE:CPG) news were published by: Fool.ca which released: “Crescent Point Energy Corp.: Is it Safe to Buy Today?” on October 17, 2016, also Fool.ca with their article: “Cameco Corporation or Crescent Point Energy Corp.: Which Is a Better …” published on October 14, 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: Seekingalpha.com and their article: “Grab Shares Of Crescent Point Energy Corp.” published on October 12, 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 $9.29 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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