Time to Reconsider Crescent Point Energy Corporation (NYSE:CPG) After More Short Sellers?

January 16, 2018 - By Marie Mckinney

 Time to Reconsider Crescent Point Energy Corporation (NYSE:CPG) After More Short Sellers?

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.38, from 0.65 in 2017Q2. It increased, as 17 investors sold Crescent Point Energy Corp. shares while 41 reduced holdings. 11 funds opened positions while 49 raised stakes. 215.30 million shares or 1.60% more from 211.91 million shares in 2017Q2 were reported.
2.28 million are held by Wellington Group Llp. Citigroup has invested 0% of its portfolio in Crescent Point Energy Corp. (NYSE:CPG). Bnp Paribas Asset has invested 0% in Crescent Point Energy Corp. (NYSE:CPG). New York-based Millennium Management Ltd has invested 0% in Crescent Point Energy Corp. (NYSE:CPG). Gulf National Bank & Trust (Uk) Limited invested in 168,293 shares. Cumberland Prtnrs Ltd stated it has 36,700 shares. Goldman Sachs Grp Inc accumulated 327,804 shares or 0% of the stock. Apg Asset Mgmt Nv stated it has 316,409 shares or 0% of all its holdings. Grp One Trading Limited Partnership has 0% invested in Crescent Point Energy Corp. (NYSE:CPG). D E Shaw holds 0% or 37,321 shares. Peak6 Limited Partnership owns 6,917 shares for 0% of their portfolio. Connor Clark Lunn Investment Ltd holds 5.93M shares or 0.29% of its portfolio. Sector Pension Investment Board holds 0.09% or 2.50M shares. Td Asset Mgmt holds 10.36 million shares. Pnc Fincl Services Grp Incorporated holds 0% or 2,127 shares.

The stock of Crescent Point Energy Corporation (NYSE:CPG) registered an increase of 25.63% in short interest. CPG’s total short interest was 8.59M shares in January as published by FINRA. Its up 25.63% from 6.84M shares, reported previously. With 1.41M shares average volume, it will take short sellers 6 days to cover their CPG’s short positions. The short interest to Crescent Point Energy Corporation’s float is 1.59%.

The stock decreased 0.88% or $0.08 during the last trading session, reaching $9.01. About 1.45 million shares traded. Crescent Point Energy Corp. (NYSE:CPG) has declined 40.46% since January 16, 2017 and is downtrending. It has underperformed by 57.16% the S&P500.

Crescent Point Energy Corp. acquires, explores, develops, and produces light and medium oil and natural gas properties in Western Canada and the United States. The company has market cap of $4.84 billion. The company's natural gas and crude oil properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota, Montana, Colorado, and Utah. It currently has negative earnings.

Crescent Point Energy Corp. (NYSE:CPG) Ratings Coverage

Among 4 analysts covering Crescent Point Energy (NYSE:CPG), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Crescent Point Energy has $28 highest and $21 lowest target. $28’s average target is 210.77% above currents $9.01 stock price. Crescent Point Energy had 7 analyst reports since July 22, 2015 according to SRatingsIntel. Barclays Capital upgraded Crescent Point Energy Corp. (NYSE:CPG) rating on Thursday, October 29. Barclays Capital has “Overweight” rating and $21 target. Dundee Securities upgraded Crescent Point Energy Corp. (NYSE:CPG) on Friday, November 11 to “Buy” rating. The rating was downgraded by Dundee Securities on Friday, September 9 to “Neutral”. On Friday, August 14 the stock rating was downgraded by UBS to “Buy”. The rating was upgraded by Barclays Capital on Friday, July 22 to “Overweight”. On Wednesday, July 22 the stock rating was downgraded by Barclays Capital to “Equal Weight”.

More recent Crescent Point Energy Corp. (NYSE:CPG) news were published by: Livetradingnews.com which released: “Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) Stock …” on December 08, 2017. Also Benzinga.com published the news titled: “11 Stocks Moving In Friday’s After-Hours Session” on January 08, 2016. Benzinga.com‘s news article titled: “Strength In Crescent Point Due To Report Of An Activist Investor” with publication date: February 17, 2017 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.