Alert: Major Price Decline (11/7/23)-Crescent Point Energy Corp (NYSE: CPG).


On 11/7/23, Crescent Point Energy Corp (NYSE: CPG) stock suffered a major decline of -10.3%, closing at $7.17. The stock has declined -10.3% during the last week but has been exceptionally strong relative to the market over the last nine months.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, CPG is expected to continue to be an important Value Builder.

Crescent Point Energy has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Crescent Point Energy has a slightly positive Appreciation Score of 68 and a good Power Rating of 84, resulting in the Highest Value Trend Rating.

Rating Review

In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

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