Today’s Stock Alert: It Seems Crescent Point Energy Corporation Ordinary Shares (Canada) Will Go Down. Have Another Big Decline

Today's Stock Alert: It Seems Crescent Point Energy Corporation Ordinary Shares (Canada) Will Go Down. Have Another Big Decline

The stock of Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) is a huge mover today! About 596,317 shares traded hands. Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) has risen 3.36% since March 9, 2016 and is uptrending. It has underperformed by 4.05% the S&P500.
The move comes after 6 months negative chart setup for the $6.87 billion company. It was reported on Oct, 12 by Barchart.com. We have $12.16 PT which if reached, will make NYSE:CPG worth $480.90 million less.

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 company was downgraded on Friday, September 9 by Dundee Securities. Barclays Capital downgraded Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) rating on Wednesday, July 22. Barclays Capital has “Equal Weight” rating and $23 price target. The firm has “Overweight” rating by Barclays Capital given on Friday, July 22. On Friday, August 14 the stock rating was downgraded by UBS to “Buy”. Barclays Capital upgraded the shares of CPG in a report on Thursday, October 29 to “Overweight” rating.

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 Q2 2016. 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.
Hsbc Public Ltd Company has invested 0% of its portfolio in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG). Td Asset Inc holds 12.49 million shares or 0.36% of its portfolio. Comerica Bank accumulated 56,671 shares or 0.01% of the stock. The California-based Wells Fargo Mn has invested 0% in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG). Sunbelt Securities accumulated 0% or 898 shares. Legal General Grp Public Limited Com, a United Kingdom-based fund reported 2.33 million shares. Cubist Systematic Strategies Ltd Liability Com has 0.03% invested in the company for 34,445 shares. Scotia Cap, a Ontario – Canada-based fund reported 1.28M shares. The Kansas-based Creative Planning has invested 0% in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG). Grt Capital Prtnrs Ltd has 0.08% invested in the company for 20,655 shares. Barometer Capital Mngmt has 2.16% invested in the company for 1.38 million shares. Delta Lloyd Nv, a Netherlands-based fund reported 30,322 shares. Pinebridge Invs Ltd Partnership last reported 15,543 shares in the company. Exane Derivatives reported 4,482 shares or 0% of all its holdings. Moreover, Aqr Cap Limited Liability has 0.01% invested in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) for 312,831 shares.

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