What’s in Crescent Point Energy Corp After Today’s Huge Decline?

 What's in Crescent Point Energy Corp After Today's Huge Decline?

The stock of Crescent Point Energy Corp (TSE:CPG) is a huge mover today! About 1.04 million shares traded hands. Crescent Point Energy Corp (TSE:CPG) has declined 6.86% since March 24, 2016 and is downtrending. It has underperformed by 10.33% the S&P500.
The move comes after 7 months negative chart setup for the $8.64B company. It was reported on Oct, 31 by Barchart.com. We have $14.96 PT which if reached, will make TSE:CPG worth $691.20M 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. Crescent Point Energy has been the topic of 46 analyst reports since July 21, 2015 according to StockzIntelligence Inc. National Bank Canada maintained the stock with “Outperform” rating in Friday, November 6 report. IBC maintained Crescent Point Energy Corp (TSE:CPG) rating on Wednesday, September 21. IBC has “Sector Outperform” rating and $22 price target. The firm has “Buy” rating by TD Securities given on Monday, August 15. On Wednesday, September 21 the stock rating was maintained by Desjardins Securities with “Buy”. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, September 21. The rating was maintained by Canaccord Genuity with “Buy” on Friday, August 14. Scotia Capital maintained the stock with “Outperform” rating in Thursday, August 13 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, January 8. The firm has “” rating given on Monday, June 6 by Raymond James. UBS downgraded the stock to “Neutral” rating in Friday, August 14 report.

More notable recent Crescent Point Energy Corp (TSE:CPG) news were published by: Fool.ca which released: “Should You Buy Encana Corp. or Crescent Point Energy Corp.?” on October 20, 2016, also Nasdaq.com with their article: “Ex-Dividend Reminder: EnLink Midstream, ONEOK Partners and Crescent Point Energy” published on October 25, 2016, Forbes.com published: “Crescent Point Energy (CPG) Shares Enter Oversold Territory” on September 14, 2016. More interesting news about Crescent Point Energy Corp (TSE:CPG) were released by: Business.Financialpost.com and their article: “Crescent Point Energy Corp buys up Saskatchewan land, posts smaller loss as …” published on August 11, 2016 as well as Fool.ca‘s news article titled: “Crescent Point Energy Corp. vs. Baytex Energy Corp.: Which Will Outperform in …” with publication date: October 11, 2016.

Crescent Point Energy Corp. is a Canada gas and oil exploration, development and production company. The company has a market cap of $8.64 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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