Meaningful negative changes in fundamentals have recently occurred for Crescent Point Energy Corp (NYSE: CPG): the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and significant quarterly sales deceleration occurred.
Crescent Point Energy Corp (NYSE: CPG) has recently experienced extremely meaningful negative changes in investment behavior: its longer term price trend turned down, and its shorter term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CPG is expected to continue to be a modest Value Builder.
Crescent Point Energy has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Crescent Point Energy has a very high Appreciation Score of 94 but a neutral Power Rating of 41, resulting in the Positive Value Trend Rating.
Recent Price Action
On 6/7/24, Crescent Point Energy Corp (NYSE: CPG) stock declined modestly by -1.6%, closing at $7.84. However, trading volume in this decline was exceptionally low at 48% of normal. The stock has declined -8.0% during the last week and has performed in line with the market over the last nine months.
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