Breaking: Is Crescent Point Energy Corporation Ordinary Shares (Canada) a Buy? The Stock Rises Again

Breaking: Is Crescent Point Energy Corporation Ordinary Shares (Canada) a Buy? The Stock Rises Again

The stock of Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) is a huge mover today! About 441,590 shares traded hands. Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) has risen 5.45% since March 1, 2016 and is uptrending. It has underperformed by 3.80% the S&P500.
The move comes after 9 months positive chart setup for the $6.78 billion company. It was reported on Oct, 4 by Barchart.com. We have $22.21 PT which if reached, will make NYSE:CPG worth $4.47 billion more.

Analysts await Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) to report earnings on November, 3. They expect $-0.08 EPS, down 500.00% or $0.10 from last year’s $0.02 per share. After $0.02 actual EPS reported by Crescent Point Energy Corporation Ordinary Shares (Canada) for the previous quarter, Wall Street now forecasts -500.00% negative EPS growth.

Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) Ratings Coverage

Out of 3 analysts covering Crescent Point Energy (NYSE:CPG), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Crescent Point Energy has been the topic of 5 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was downgraded by UBS on Friday, August 14 to “Buy”. On Thursday, October 29 the stock rating was upgraded by Barclays Capital to “Overweight”. The stock of Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) has “Overweight” rating given on Friday, July 22 by Barclays Capital. The company was downgraded on Friday, September 9 by Dundee Securities. Barclays Capital downgraded the stock to “Equal Weight” rating in Wednesday, July 22 report.

According to Zacks Investment Research, “Crescent Point Energy Corp. is engaged in the acquisition, exploration and development of oil and natural gas properties in Western Canada. The Company’s operations consist of light and medium oil and natural gas assets strategically focused in core areas in southern Saskatchewan and central and southern Alberta. Crescent Point Energy Corp., formerly known as Crescent Point Energy Trust, is headquartered in Calgary, Canada.”

Insitutional Activity: The institutional sentiment increased to 1.3 in 2016 Q2. Its up 0.27, from 1.03 in 2016Q1. The ratio is positive, as 17 funds sold all Crescent Point Energy Corporation Ordinary Shares (Canada) shares owned while 52 reduced positions. 30 funds bought stakes while 60 increased positions. They now own 183.37 million shares or 3.62% less from 190.26 million shares in 2016Q1.
Zurcher Kantonalbank (Zurich Cantonalbank) reported 315,346 shares or 0.06% of all its holdings. Citadel Advsr Limited Liability Corp last reported 2.04M shares in the company. Iowa Bancorp last reported 0.01% of its portfolio in the stock. The Massachusetts-based Acadian Asset Ltd Liability Com has invested 0.06% in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG). Cibc Ww Markets Inc accumulated 0.52% or 7.53M shares. Qs Limited Liability Com accumulated 0% or 200 shares. Guardian Ltd Partnership accumulated 0.54% or 2.09 million shares. Gulf Comml Bank (Uk) Limited accumulated 165,493 shares or 0.04% of the stock. Gp One Trading Limited Partnership accumulated 128 shares or 0% of the stock. Winfield Assocs accumulated 0% or 175 shares. The Ontario – Canada-based Highstreet Asset has invested 0.18% in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG). Toronto Dominion Savings Bank holds 0.3% or 4.63M shares in its portfolio. Addenda Incorporated, a Quebec – Canada-based fund reported 897,731 shares. State Of Wisconsin Investment Board holds 0.02% of its portfolio in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) for 333,611 shares. Hillsdale Inv Mngmt Inc last reported 0.42% of its portfolio in the stock.

Another recent and important Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) news was published by Mondaq.com which published an article titled: “United States: Canada M+A/PE Deal Report” on March 12, 2013.

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