The stock of Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) is a huge mover today! About 2.04 million shares traded hands or 101.98% up from the average. Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) has declined 35.04% since April 27, 2016 and is downtrending. It has underperformed by 40.26% the S&P500.
The move comes after 7 months positive chart setup for the $6.12B company. It was reported on Nov, 30 by Barchart.com. We have $13.31 PT which if reached, will make NYSE:CPG worth $367.20 million more.
Analysts await Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) to report earnings on March, 8. They expect $-0.09 EPS, down 123.68% or $0.47 from last year’s $0.38 per share. After $-0.03 actual EPS reported by Crescent Point Energy Corporation Ordinary Shares (Canada) for the previous quarter, Wall Street now forecasts 200.00% negative EPS growth.
Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) Ratings Coverage
Out of 4 analysts covering Crescent Point Energy (NYSE:CPG), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Crescent Point Energy has been the topic of 7 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, September 9 by Dundee Securities. The rating was downgraded by Barclays Capital to “Equal Weight” on Wednesday, July 22. The stock has “Overweight” rating given by Barclays Capital on Thursday, October 29. The firm has “Overweight” rating by Barclays Capital given on Friday, July 22. The rating was upgraded by Dundee Securities on Friday, November 11 to “Buy”. The stock has “Buy” rating given by UBS on Friday, August 14.
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 1.53 in 2016 Q2. Its up 0.23, from 1.3 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.
Moreover, Comml Bank Of Nova Scotia Trust has 0.31% invested in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) for 149,204 shares. The Netherlands-based Delta Lloyd Nv has invested 0.02% in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG). Apg Asset Nv accumulated 2.19M shares or 0.08% of the stock. Addenda Capital Inc, a Quebec – Canada-based fund reported 897,731 shares. Cidel Asset Mngmt accumulated 3.02M shares or 2.76% of the stock. Macquarie Gp Ltd reported 900 shares or 0% of all its holdings. The New York-based Tocqueville Asset Mngmt Ltd Partnership has invested 0% in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG). Portland Counsel has 418,872 shares for 9.46% of their US portfolio. Princeton Alpha Mngmt Ltd Partnership has 16,464 shares for 0.05% of their US portfolio. Sector Pension Inv Board accumulated 0.15% or 884,560 shares. D E Shaw Commerce holds 0% or 82,221 shares in its portfolio. Legal & General Public Limited Liability Com last reported 0.04% of its portfolio in the stock. Ls Advsr Ltd Liability Company reported 140 shares or 0% of all its holdings. Voya Investment Mngmt holds 0% or 122,485 shares in its portfolio. Pcj Invest Counsel Limited last reported 2.95% of its portfolio in the stock.
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