Somewhat Positive Press Coverage Somewhat Unlikely to Impact Crescent Point Energy (NYSE:CPG) Stock Price

Media headlines about Crescent Point Energy (NYSE:CPG) (TSE:CPG) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Crescent Point Energy earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the oil and gas producer an impact score of 44.1026531013441 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Crescent Point Energy (CPG) traded down $0.08 during midday trading on Wednesday, hitting $7.95. 1,169,223 shares of the stock were exchanged, compared to its average volume of 1,504,346. Crescent Point Energy has a 52 week low of $6.42 and a 52 week high of $12.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $4,380.00, a P/E ratio of -8.93, a P/E/G ratio of 8.08 and a beta of 1.52.

Several brokerages have issued reports on CPG. AltaCorp Capital reiterated a “buy” rating and issued a $16.25 price objective on shares of Crescent Point Energy in a research report on Monday, January 15th. Zacks Investment Research upgraded shares of Crescent Point Energy from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a research report on Friday, December 29th. ValuEngine upgraded shares of Crescent Point Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Raymond James Financial downgraded shares of Crescent Point Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, December 14th. Finally, UBS Group downgraded shares of Crescent Point Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, December 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.94.

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About Crescent Point Energy

Crescent Point Energy Corp. acquires, explores, develops, and produces light and medium oil and natural gas properties in Western Canada and the United States. The company's crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota, Montana, Colorado, and Utah.

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