Analysts Are Gushing Over Crescent Point Energy Corp. (CPG), Range Resources Corporation (RRC)

Crescent Point Energy Corp. (NYSE:CPG) last session’s volume of 1.54 million shares was higher than its average volume of 1.39 million shares. The stock, after opening at $7.24, hit $7.01 through the close by scoring -4.5%.

Crescent Point Energy Corp. (CPG) Analyst Opinion

Crescent Point Energy Corp. has a consensus outperform rating from 18 Wall Street analysts, and the number of shares currently sold short amount to at least 1.26% of shares outstanding. The stock sank -20.7% last month and is down -48.42 this year. Wall Street is only getting more bullish on the stock, with 13 of analysts who cover CPG having a buy-equivalent rating. Analysts have placed a $10.07 price target on Crescent Point Energy Corp., suggesting a 43.65% gain from recent close. It’s currently trading about -52.44% below its 52-week high.

Crescent Point Energy Corp. Earnings Surprise

Crescent Point Energy Corp. (CPG) surprised the stock market in its last reported earnings when it earned $0.05 a piece versus the consensus-estimated -$0.04. Its revenue totaled $794.04 million up 13.82% from the previous quarter.

Crescent Point Energy Corp. (NYSE:CPG) Intraday View

This stock (CPG) is ahead of its 52-week low with 8.51%. Its last month’s stock price volatility remained 3.15% which for the week stands at 3.45%. The share price has moved backward from its 20 days moving average, trading at a distance of -8.79% and stays -9.49% away from its 50 days moving average. Over the last five days, shares have faced -1.41% losses and now is down -18.1% since hitting its 200-day moving average of $7.69. Crescent Point Energy Corp. (CPG) has made its way to a 12-month decline of -46.93%.

Turning to Range Resources Corporation (NYSE:RRC), its shares were trading at $16.5 a retreat of $-0.78, on the trading floor. The stock, after opening at $17.3, touched a high of $17.3 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.1. Range Resources Corporation has 8 buy ratings, 9 holds and 1 sells even after the stock tumbled -58.38% from its high of $39.64 to a $4.09 billion market value through last close.

Range Resources Corporation (RRC) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2.12 to 2.12 during a month. Analysts set a 12-month price target of $29.08 a share. The target implies a 76.24% spike from where the shares are currently trading. Also, the current price highlights a discount of 275.76% to analysts’ high consensus price target.

Range Resources Corporation (NYSE:RRC) Intraday Trading

The counter witnessed a trading volume of 8.97 million shares versus an average volume of 6.61 million shares during last trading session. Its last month’s stock price volatility remained 4.54% which for the week approaches 3.71%. The lowest price the stock reached in the last trading day was $16.37 and compares with the $15.99 52-week low. The stock recovered 3.16% since its low point and has performed -51.98% year-to-date.

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