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

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

The stock of Crescent Point Energy Corp (TSE:CPG) is a huge mover today! About 523,949 shares traded hands. Crescent Point Energy Corp (TSE:CPG) has declined 14.64% since April 18, 2016 and is downtrending. It has underperformed by 19.20% the S&P500.
The move comes after 5 months negative chart setup for the $9.01 billion company. It was reported on Nov, 22 by Barchart.com. We have $16.11 PT which if reached, will make TSE:CPG worth $270.30 million less.

Crescent Point Energy Corp (TSE:CPG) Ratings Coverage

Out of 9 analysts covering Crescent Point Energy (TSE:CPG), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. $38 is the highest target while $5.25 is the lowest. The $23.33 average target is 40.46% above today’s ($16.61) stock price. Crescent Point Energy has been the topic of 53 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Wednesday, September 21 by Scotia Capital. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, September 21 report. UBS downgraded the stock to “Neutral” rating in Friday, August 14 report. The rating was downgraded by Barclays Capital on Wednesday, July 22 to “Equal Weight”. As per Wednesday, September 21, the company rating was maintained by IBC. The company was maintained on Thursday, August 13 by Scotia Capital. The rating was maintained by Desjardins Securities on Wednesday, September 21 with “Buy”. The firm has “” rating given on Tuesday, June 28 by Desjardins Securities. The stock of Crescent Point Energy Corp (TSE:CPG) has “Outperform” rating given on Friday, November 11 by National Bank Canada. The firm has “Outperform” rating by Scotia Capital given on Friday, November 11.

More notable recent Crescent Point Energy Corp (TSE:CPG) news were published by: Fool.ca which released: “Crescent Point Energy Corp. Sees Big Things Ahead in 2017” on November 15, 2016, also Business.Financialpost.com with their article: “Crescent Point Energy Corp buys up Saskatchewan land, posts smaller loss as …” published on August 11, 2016, Theglobeandmail.com published: “Crescent Point Energy posts smaller quarterly loss” on November 10, 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 $9.01 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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