Media coverage about Crescent Point Energy (NYSE:CPG) (TSE:CPG) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Crescent Point Energy earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the oil and gas producer an impact score of 44.7005725106273 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Crescent Point shares rise amid increase in budget, drilling locations (theglobeandmail.com)
- BRIEF-Crescent Point Announces Its 2018 Budget (reuters.com)
- Crescent Point Energy (CPG) Announces 2018 Budget, Increase in Uinta Inventory (streetinsider.com)
- Searching for Dividends? These Stocks Pay Every Month! (ca.finance.yahoo.com)
- Comparing Crescent Point Energy (CPG) & Penn Virginia (PVAHQ) (americanbankingnews.com)
Several research firms recently weighed in on CPG. Zacks Investment Research raised shares of Crescent Point Energy from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research note on Friday, December 29th. ValuEngine raised shares of Crescent Point Energy from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. Raymond James Financial cut shares of Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 14th. UBS Group cut shares of Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 14th. Finally, Desjardins cut shares of Crescent Point Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Crescent Point Energy currently has a consensus rating of “Hold” and an average target price of $13.17.
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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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