What’s Ahead for Crescent Point Energy Corp After Today’s Huge Increase?

 What's Ahead for Crescent Point Energy Corp After Today's Huge Increase?

The stock of Crescent Point Energy Corp (TSE:CPG) is a huge mover today! About 760,526 shares traded hands. Crescent Point Energy Corp (TSE:CPG) has declined 12.63% since April 1, 2016 and is downtrending. It has underperformed by 14.59% the S&P500.
The move comes after 5 months positive chart setup for the $8.19 billion company. It was reported on Nov, 7 by Barchart.com. We have $20.59 PT which if reached, will make TSE:CPG worth $2.70B 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 average target is 55.04% above today’s ($15.48) stock price. Crescent Point Energy has been the topic of 46 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Crescent Point Energy Corp (TSE:CPG) earned “” rating by Raymond James on Monday, June 6. Scotia Capital maintained Crescent Point Energy Corp (TSE:CPG) rating on Wednesday, September 21. Scotia Capital has “Outperform” rating and $27.50 price target. National Bank Canada maintained the shares of CPG in a report on Friday, November 6 with “Outperform” rating. The firm has “Outperform” rating given on Thursday, August 13 by Scotia Capital. Canaccord Genuity maintained Crescent Point Energy Corp (TSE:CPG) rating on Friday, August 14. Canaccord Genuity has “Buy” rating and $25 price target. On Friday, January 8 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. RBC Capital Markets maintained Crescent Point Energy Corp (TSE:CPG) on Wednesday, September 21 with “Sector Perform” rating. The rating was downgraded by Barclays Capital to “Equal Weight” on Wednesday, July 22. IBC maintained Crescent Point Energy Corp (TSE:CPG) rating on Wednesday, September 21. IBC has “Sector Outperform” rating and $22 price target. On Thursday, October 29 the stock rating was upgraded by Barclays Capital to “Overweight”.

More notable recent Crescent Point Energy Corp (TSE:CPG) news were published by: Fool.ca which released: “Why Now Is the Time to Buy Crescent Point Energy Corp.” on November 02, 2016, also Fool.ca with their article: “Should You Buy Encana Corp. or Crescent Point Energy Corp.?” published on October 20, 2016, Business.Financialpost.com published: “Crescent Point Energy Corp buys up Saskatchewan land, posts smaller loss as …” on August 11, 2016. More interesting news about Crescent Point Energy Corp (TSE:CPG) were released by: Forbes.com and their article: “Crescent Point Energy (CPG) Shares Enter Oversold Territory” published on September 14, 2016 as well as Fool.ca‘s news article titled: “Should You Buy Baytex Energy Corp. or Crescent Point Energy Corp. to Play an …” with publication date: September 28, 2016.

Crescent Point Energy Corp. is a Canada gas and oil exploration, development and production company. The company has a market cap of $8.19 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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