Long-Term Growth In The Spotlight: Crescent Point Energy Corp. (CPG), Occidental Petroleum Corporation (OXY)

Crescent Point Energy Corp. (NYSE:CPG) has its shares plummet by -39.75% or $2.54 from its all-time high of $6.39, with CPG attaining that price back on October 09, 2018. The drop in the price of the shares saw it stand at $3.85 per share. CPG has been trading at a low of $2.43 over the past one year but it surged by 58.44% or $1.42 to reach the $3.85 mark. Following the massive rise in stock price, CPG received more attention from investors and analysts. On Tuesday, the stock dipped by -3.27%, which caused investors and analysts to worry about it. Following the plunge in price, the CPG beta stands at 0, implying that its volatility level has gone down by 1 back of the general market. A look at the stock’s 200-day moving average shows that it is 13.79% above while its 50-day moving average shows that it is currently 6.09% above. Compared to 4.46% average daily volatility of past month, the stock’s average volatility for this week has decreased by -0.32 as the volatility level currently stands at 4.14%.

Over the past seven days, the stock has witnessed a price dip by -7.23%. This massive drop in stock price has caught the attention of both investors and market traders. The stock has performed poorly over the past 52 weeks, dropping by -38.5% during that time frame and is now up by 27.48% since this point this year. CPG has fell by -1.53% over the past 30 days, with its equity price gaining% of its value over the past ninety days. These figures add up to see the stock record a growth of 2.39% over the past six months.

The stock’s technical analysis reveals that its 14-day Relative Strength Index (RSI) is currently in a neutral position as it was able to attain 42.03 points.The trading volume now standing at 3684026 shares. The increase of 944026 shares in trading volume shows that traders and investors have shown more interest in the stock over the past few weeks. During that trading session, the average trading volume of CPG was 2740000 shares, which is more than 1.34 times higher than its usual trading volume.

Occidental Petroleum Corporation has seen its stock (NYSE:OXY) plunge by $-1.35 or -3.2% to currently trade at $40.83. This fall in the price of the stock has seen it establish a strong support at $40.33 a share. If the stock price is to drop below that support level, then it would be followed by a bearish trend. A slip below $39.84 would be bad for OXY as it would mean that the stock has lost 2.42% of its value. The stock going in the opposite direction and breaking past the resistance point to reach $41.81 would see it surge even higher. OXY would attempt to surge past the upward resistance point which is set at $42.8 a share. OXY has an average volatility of 2.72% over the past 30 days, while it has gained -2.45% of its value compared to its 52-weeks low point which stands at $41.83 on Oct 08, 2019. In the same breath, OXY has lost 0.02% compared to its 52-weeks high point which currently stands at $40.82 a share reached on Oct 09, 2018.

Analysts have set a 1-year price target for this stock, with most of them expecting it to reach $54.43/share over the next 12 months. If that happens, then OXY would witness a 33.31% rise from its current price. The price of the stock has been moving between $40.82 and $42.3. Not all analysts believe it would hit that target though, as some of them expect it to trade lower, as low as $32 per share. In the same breath, one analyst believes that the stock is set to soar even higher than expected, as the price target was set at $80.

The stock is currently oversold as its Stochastic Oscillator (%D) is at 13.72%, which implies that a jump in price could be experienced soon. Its shares P/S ratio is above the 0.77 industry average and above the 0.3 by the wider market, as OXY’s P/S ratio currently stands at 2. The stock’s estimated price-earnings (P/E) multiple is 15.57 which is also above the 12-month price-earnings (P/E) which stands at 8.14. Occidental Petroleum Corporation has experienced a fall in its earnings, recording an decrease rate of -2.6% in each quarter over the past five years.

The stock has an average rating of 2.8 which means that it has been rated as a Holdby most analysts. The stock is being covered by 21 analysts who gave a consensus recommendation of 2.8 which implies that it is currently in a neutral situation. Reuters looked into analysts covering Occidental Petroleum Corporation, and 15 of them believe that the stock is a Hold at the moment. 6 of the analysts rated it as a Buy or a Strong Buy while the remaining analysts (2) rated it as a sell at the moment.