Time to Buy Crescent Point Energy Corp After Today’s Huge Decline?

 Time to Buy Crescent Point Energy Corp After Today's Huge Decline?

The stock of Crescent Point Energy Corp (TSE:CPG) is a huge mover today! About 567,283 shares traded hands. Crescent Point Energy Corp (TSE:CPG) has declined 11.45% since April 6, 2016 and is downtrending. It has underperformed by 17.10% the S&P500.
The move comes after 8 months negative chart setup for the $8.37 billion company. It was reported on Nov, 10 by Barchart.com. We have $14.29 PT which if reached, will make TSE:CPG worth $502.20 million 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 average target is 57.89% above today’s ($15.2) stock price. Crescent Point Energy has been the topic of 46 analyst reports since July 21, 2015 according to StockzIntelligence Inc. IBC maintained the shares of CPG in a report on Wednesday, September 21 with “Sector Outperform” rating. The stock of Crescent Point Energy Corp (TSE:CPG) earned “Overweight” rating by Barclays Capital on Thursday, October 29. The firm has “Outperform” rating given on Friday, November 6 by National Bank Canada. The rating was maintained by Scotia Capital on Wednesday, September 21 with “Outperform”. The stock of Crescent Point Energy Corp (TSE:CPG) earned “Outperform” rating by Scotia Capital on Thursday, August 13. The company was downgraded on Monday, August 15 by TD Securities. The firm earned “” rating on Tuesday, June 28 by Desjardins Securities. Canaccord Genuity maintained the shares of CPG in a report on Friday, August 14 with “Buy” rating. Raymond James maintained Crescent Point Energy Corp (TSE:CPG) on Monday, June 6 with “” rating. The stock has “Neutral” rating given by UBS on Friday, August 14.

More notable recent Crescent Point Energy Corp (TSE:CPG) news were published by: Theglobeandmail.com which released: “Crescent Point Energy posts smaller quarterly loss” on November 10, 2016, also Fool.ca with their article: “Crescent Point Energy Corp.: Is the Pullback Over?” published on November 07, 2016, Fool.ca published: “Why Now Is the Time to Buy Crescent Point Energy Corp.” on November 02, 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 Encana Corp. or Crescent Point Energy Corp.?” with publication date: October 20, 2016.

Crescent Point Energy Corp. is a Canada gas and oil exploration, development and production company. The company has a market cap of $8.37 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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