Crescent Point Energy Corporation (CPG) has been under a strong bear grip, hence the stock is down -13.71% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.12% in the past 1 week. The stock has risen by 3.29% in the past week indicating that the buyers are active at lower levels, but the stock is down -14.17% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 3.01% and the 50-Day Moving Average is 10.79%.The 200 Day SMA reached 6%
Crescent Point Energy Corporation (NYSE:CPG): The stock opened in the green at $13.46 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $13.52 and a low of $13.19 for the day. The stock did not find buyers even at the lows and closed at $13.2 recording a loss of -0.38%. 751,168 shares exchanged hands during the trading day. The stock had closed at $13.2 in the previous days trading.
Crescent Point Energy Corporation (CPG) stock is expected to deviate a maximum of $3.19 from the average target price of $18.81 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $23 and the most muted being $13.