On 10/31/24, Crescent Point Energy Corp (NYSE: VRN) stock suffered a major decline of -14.4%, closing at $5.16. Moreover, this decline was accompanied by exceptionally high trading volume at 471% of normal. The stock has declined -14.4% during the last week and has been weak relative to the market over the last nine months.
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 C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Crescent Point Energy has a very high Appreciation Score of 96 but a poor Power Rating of 17, triggering the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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