Economy

Crescent Point Energy Corp (CPG) Stock Price Down 3.8%

In recent trading day Crescent Point Energy Corp. The institutional investor owned 1,409,003 shares of the oil and gas producer's stock after selling 43,074 shares during the quarter. Cwa Asset Management Group, LLC controls 16,395 shares worth $125,000. Days to cover decreased -4.0 to 7.0 and the percentage of shorted shares is 0.01% as of September 15. Dynamic Technology Lab Private Ltd purchased a new position in Crescent Point Energy Corporation in the 1st quarter worth about $187,000. Alliancebernstein L.P. raised its position in Crescent Point Energy Corporation by 59.7% in the 1st quarter. Shares saw a steep decrease in trading volume of 71.53% under the normal average daily volume. Zacks Investment Research lowered shares of Crescent Point Energy Corporation from a "buy" rating to a "hold" rating in a research report on Friday, July 21st. (CPG). A frequently used tool among technical stock analysts is the moving average. Candriam Luxembourg S.C.A. grew its holdings in Crescent Point Energy Corporation by 14.7% in the second quarter. CIBC reduced their target price on shares of Crescent Point Energy Corp from C$18.00 to C$11.50 in a research note on Thursday, July 20th.

In the market the company is trading up by 1.39%% since yesterday's close of 7.93. Royal Bank Of Canada lowered their target price on Crescent Point Energy Corp from C$18.00 to C$14.00 in a research note on Thursday, July 20th.

It is trading at $7.98 which is quite a bit above the 50 day moving average of $7.25 and which is just a bit below the 200 day moving average of $8.50. Two research experts recommended the company shares with a sell recommendation, two have issued a hold recommendation and four has issued a buy recommendation to the firms shares.

Short traders are feeling a little more bullish on shares of Crescent Point Energy Corporati lately if you take into consideration the decrease in short interest. The company now has an average rating of Buy and a consensus price target of C$22.75.

TRADEMARK VIOLATION WARNING: This report was originally posted by BBNS and is the sole property of of BBNS. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and worldwide copyright legislation. The correct version of this report can be accessed at https://weekherald.com/2017/10/06/crescent-point-energy-corporation-cpg-holdings-trimmed-by-bank-of-new-york-mellon-corp.html. The share last price represents downtick move of -46.20% in value from company's 52-Week high price and shows 22.76% above change in value from its 52-Week low price. Crescent Point Energy Corporation had a positive return on equity of 1.83% and a negative net margin of 13.80%. Its revenue totaled $176.8 million up 4.31% from the previous quarter. Next quarter's EPS is expected be $-0.15 and the next full year EPS is anticipated to be $0.02.

As of the latest earnings report the EPS was $-0.64 and is projected to be $0.21 for the current year with 545,450,000 shares outstanding.

The company traded as low as C$9.71 and last traded at C$9.73. Crescent Point Energy Corporati recently declared a dividend for shareholders that will be paid on Monday October 16th, 2017. Stockholders of record on Saturday, September 30th will be issued a $0.025 dividend. The ex-dividend date is Thurs, Sep 28th. The dividend yield will be $3.63. Crescent Point Energy Corporation's dividend payout ratio (DPR) is presently -51.72%. The Company is an oil and gas producer with assets consisting of light and medium oil and natural gas reserves in Western Canada and the United States. (Crescent Point) is a Canada-based oil and gas exploration, development and production company.



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