Overall market sentiment has been high on Crescent Point Energy Corp (CPG) stock lately. CPG receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With CPG Stock Today?
Crescent Point Energy Corp (CPG) stock is trading at $1.94 as of 11:57 AM on Monday, Aug 10, an increase of $0.13, or 7.18% from the previous closing price of $1.81. The stock has traded between $1.84 and $1.99 so far today. Volume today is low. So far 1,188,537 shares have traded compared to average volume of 1,947,202 shares.
To see the top 5 stocks in the Oil & Gas E&P industry click here.
More About Crescent Point Energy Corp
Crescent Point Energy is an independent exploration and production company. At the end of 2019, the company had proved reserves of 469 million barrels of oil equivalent. 2019 production was 162,200/boe per day, weighted approximately 78% crude oil.
