Is Crescent Point Energy Corp’s Fuel For Real? The Stock Just Has Raised Again

 Is Crescent Point Energy Corp's Fuel For Real? The Stock Just Has Raised Again

The stock of Crescent Point Energy Corp (TSE:CPG) is a huge mover today! About 1.51M shares traded hands. Crescent Point Energy Corp (TSE:CPG) has declined 29.50% since April 26, 2016 and is downtrending. It has underperformed by 34.73% the S&P500.
The move comes after 9 months positive chart setup for the $8.74B company. It was reported on Nov, 30 by Barchart.com. We have $17.17 PT which if reached, will make TSE:CPG worth $262.20 million more.

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 39.95% above today’s ($16.67) stock price. Crescent Point Energy has been the topic of 53 analyst reports since July 21, 2015 according to StockzIntelligence Inc. National Bank Canada maintained Crescent Point Energy Corp (TSE:CPG) on Friday, November 11 with “Outperform” rating. On Friday, November 11 the stock rating was maintained by Scotia Capital with “Outperform”. The stock has “” rating given by Desjardins Securities on Tuesday, June 28. The firm earned “Overweight” rating on Thursday, October 29 by Barclays Capital. The stock has “Sector Outperform” rating given by IBC on Wednesday, September 21. The stock of Crescent Point Energy Corp (TSE:CPG) earned “Outperform” rating by National Bank Canada on Friday, November 6. The firm has “Buy” rating by Canaccord Genuity given on Friday, August 14. The firm has “Equal Weight” rating given on Wednesday, July 22 by Barclays Capital. Desjardins Securities maintained Crescent Point Energy Corp (TSE:CPG) rating on Wednesday, September 21. Desjardins Securities has “Buy” rating and $24 price target. The firm has “” rating given on Monday, June 6 by Raymond James.

More notable recent Crescent Point Energy Corp (TSE:CPG) news were published by: Fool.ca which released: “Crescent Point Energy Corp. Is Impossible to Ignore at These Prices” on November 28, 2016, also Fool.ca with their article: “OPEC Deal or Not, Crescent Point Energy Corp. Is a Buy” published on November 30, 2016, Fool.ca published: “Why Crescent Point Energy Corp. Could Soar” on November 14, 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 $8.74 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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