January 18, 2017 - 10:42 PM EST
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Crescent Point Energy Corp. (CPG:CA) Pacing TSX Composite Energy Laggards with Fall of 1.89% at Noon on January 18

Crescent Point Energy Corp. (CPG:CA) is one of the poorer performing stocks in energy sector of the S&P/TSX Composite Index on January 18, shedding 1.89% to $16.09 at the lunch break after closing the day prior at $16.4. So far in the day, shares of CPG:CA traded as high as $16.2 and as low as $16.01. Today's pullback comes with about 1.03 million shares changing hands, compared to an average 30-day volume of 2.65 million for Crescent Point Energy Corp.. The price is currently below the 30-day volume weighted average price of $16.07 for CPG:CA. The share depreciation gives the company a market capitalization of $8.88 billion based upon 541.74 million shares outstanding. It also means that Crescent Point C has a price-to-book ratio of 0.91:1 and a price-to-earnings ratio of :1. In the past 52 weeks, shares of CPG:CA have traded as low as $11.42 and as high as $24.01. Technical traders will take note that at $16.09, shares of CPG:CA are trading below their 200-day MA at $18.82 and below their 50-day MA at $17.01. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish. Who is Crescent Point C? Crescent Point Energy Corp is involved in acquiring and holding interests in petroleum and natural gas properties and assets related through a general partnership and wholly owned subsidiaries. The company’s 1072 employees are led by CEO Scott Saxberg from the corporate headquarters at 585-8th Avenue South West. What is the S&P/TSX Composite Index? Developed and managed by S&P Dow Jones Indices and launched in January 1977, the S&P/TSX Composite is the headline index for the Canadian equity market. Generally, when investors refer to movement in the Canadian markets, they are referring to the S&P/TSX Composite, as it is the broadest index in the S&P/TSX franchise. The index includes more than 230 of the biggest companies traded on the Toronto Stock Exchange, with financials making up the most heavily weighted sector in the index, followed by energy and materials. The Toronto Stock Exchange serves as the distributor of both real-time and historical data for this index. For more information on Crescent Point C and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today. All data provided by QuoteMedia, with stock data accurate as of 4:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information. About FinancialPress.com FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com

Source: Financial Press News (January 18, 2017 - 10:42 PM EST)

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