Alert: Rating Upgrade (4/8/24)-Crescent Point Energy Corp (NYSE: CPG).

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Stock Rating Upgrade

Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Crescent Point Energy Corp (NYSE: CPG) improved of late. CPG’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.

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Recent Price Action

On 4/8/24, Crescent Point Energy Corp (NYSE: CPG) stock was unchanged 0.0%, closing at $8.80. Moreover, trading volume in this flat performance was above average at 137% of normal. Relative to the market the stock has been weak over the last nine months but has risen 7.4% during the last week.

Current PriceTarget Research Rating

CPG is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Crescent Point Energy has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Crescent Point Energy has a very high Appreciation Score of 90 but a slightly negative Power Rating of 40, triggering the Positive Value Trend Rating.

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