Breaking: Crescent Point Energy Corporation Ordinary Shares (Canada) Can’t Be More Safe. Trades Significantly Higher

Breaking: Crescent Point Energy Corporation Ordinary Shares (Canada) Can't Be More Safe. Trades Significantly Higher

The stock of Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) is a huge mover today! About 524,663 shares traded hands. Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) has declined 5.18% since March 16, 2016 and is downtrending. It has underperformed by 10.73% the S&P500.
The move comes after 7 months positive chart setup for the $6.68 billion company. It was reported on Oct, 19 by Barchart.com. We have $19.61 PT which if reached, will make NYSE:CPG worth $2.94 billion more.

Analysts await Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) to report earnings on November, 3. They expect $-0.08 earnings per share, down 500.00% or $0.10 from last year’s $0.02 per share. After $0.02 actual earnings per share 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 stock has “Buy” rating given by UBS on Friday, August 14. The stock of Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) earned “Neutral” rating by Dundee Securities on Friday, September 9. 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 rating was upgraded by Barclays Capital to “Overweight” on Thursday, October 29. The company was upgraded on Friday, July 22 by Barclays Capital.

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.
1832 Asset Mngmt Limited Partnership reported 5.89M shares or 0.37% of all its holdings. Fmr Limited Liability Com reported 3.21 million shares or 0.01% of all its holdings. The Quebec – Canada-based Addenda has invested 1.18% in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG). Group One Trading L P has invested 0% of its portfolio in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG). Portland Counsel Inc last reported 9.46% of its portfolio in the stock. Moreover, Campbell & Com Adviser Limited Liability Com has 1.09% invested in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) for 13,617 shares. Massachusetts Serv Ma, a Massachusetts-based fund reported 667,351 shares. Cumberland Partners Limited owns 66,800 shares or 0.15% of their US portfolio. The Pennsylvania-based Nationwide Fund has invested 0% in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG). Natixis holds 0% of its portfolio in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) for 12,501 shares. Dekabank Deutsche Girozentrale has 0.01% invested in the company for 30,200 shares. The Massachusetts-based Grt Capital Prtnrs Ltd Limited Liability Company has invested 0.08% in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG). Moreover, Penbrook Mngmt Ltd Liability Corp has 0.39% invested in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) for 22,440 shares. Northcoast Asset Lc accumulated 0.12% or 114,403 shares. Aviva Public Ltd holds 0.03% or 304,845 shares in its portfolio.

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