Shares last traded at $7.28 which is marginally lower than $8.75, the stock’s 50 day moving average and a bit lower than the 200 day moving average of $10.82. The 50 day moving average was down $-1.50 or -17.18% and the 200 day average went down by -33.01%. Trading was heavy with 1,582K shares changing hands by the end of trading on Wednesday. Overall, volume was up 43.31% over the stocks normal daily volume.
The following firms have also recently changed their position in CPG. As of quarter end Bank Of Montreal /can/ had bought a total of 125,000 shares growing its holdings by 833.3%. The value of the total investment in Crescent Point Energy Corporati went from $162,000 to $1,071,000 increasing 561.1% quarter over quarter. Capstone Asset Management Co trimmed its position by shedding 490 shares a decrease of 0.9% from 03/31/2017 to 06/30/2017. Capstone Asset Management Co controls 52,200 shares worth $399,000. The value of the position overall is down by 30.0%.
Mackenzie Financial Corp added to its stake by buying 1,101,347 shares an increase of 9.8%. Mackenzie Financial Corp claims 12,311,553 shares with a value of $133,211,000. The total value of its holdings decreased 12.4%. As of the end of the quarter Proficio Capital Partners LLC had acquired 371 shares growing its stake by 283.2%. The value of the investment in Crescent Point Energy Corporati increased from $2,000 to $5,000 a change of 150.0% since the last quarter.
On November 11, 2016 the stock rating was rated “Outperform” in a report from Dundee a boost from the previous “Neutral” rating. Equity analyst National Bank Financial starting coverage on the stock setting a rating of “Outperform”.
On September 9 the company was changed to a “Neutral” according to a Dundee report which was a cut from the previous “” rating. Equity analyst Barclays upgraded the stock and raised the price target on July 22 changing the price target from $21.00 to $28.00 and setting the rating at “Overweight” which had previously been “Overweight”.
On July 22 the stock rating was upgraded to “Overweight” from “Overweight” and a price target of $28.00 was set by analysts at Barclays. On October 29 the company was upgraded from “Equal-weight” to “Overweight” with a current price target of $21.00 in an announcement from Barclays.
The company is so far trading up by 2.39 percent from yesterday’s close. The company also recently declared a dividend which will be paid on Monday the 17th of July 2017. The dividend will be $0.068 per share for the quarter or $0.27 on an annualized basis. This dividend amount will represent a yeild of $2.02. The ex-dividend date will be Wednesday the 28th of June 2017.
As of the last earnings report the EPS was $-1.07 and is projected to be $0.17 for the current year with 544,961,000 shares presently outstanding. Next quarter’s EPS is forecasted at $-0.02 and the next full year EPS is projected to be $0.16.
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’s crude oil and natural gas 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. Crescent Point Energy Corp. is headquartered in Calgary, Canada..