Commonwealth Bank of Australia Maintains Holdings in Crescent Point Energy Corporation (CPG)

Commonwealth Bank of Australia continued to hold its position in shares of Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,347 shares of the oil and gas producer’s stock at the end of the second quarter. Commonwealth Bank of Australia’s holdings in Crescent Point Energy Corporation were worth $735,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPG. Tower Research Capital LLC TRC increased its stake in Crescent Point Energy Corporation by 1,273.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the oil and gas producer’s stock valued at $103,000 after purchasing an additional 6,622 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Crescent Point Energy Corporation by 19.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 22,244 shares of the oil and gas producer’s stock valued at $171,000 after purchasing an additional 3,600 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Crescent Point Energy Corporation in the 1st quarter valued at approximately $187,000. Candriam Luxembourg S.C.A. increased its stake in Crescent Point Energy Corporation by 14.7% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 33,488 shares of the oil and gas producer’s stock valued at $256,000 after purchasing an additional 4,290 shares in the last quarter. Finally, Korea Investment CORP increased its stake in Crescent Point Energy Corporation by 1.9% in the 2nd quarter. Korea Investment CORP now owns 34,122 shares of the oil and gas producer’s stock valued at $261,000 after purchasing an additional 645 shares in the last quarter. 38.99% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Commonwealth Bank of Australia Maintains Holdings in Crescent Point Energy Corporation (CPG)” was posted by Transcript Daily and is the property of of Transcript Daily. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this piece of content can be viewed at https://transcriptdaily.com/2017/09/17/commonwealth-bank-of-australia-maintains-holdings-in-crescent-point-energy-corporation-cpg.html.

Several equities analysts recently weighed in on the company. BidaskClub raised Crescent Point Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. ValuEngine raised Crescent Point Energy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Zacks Investment Research downgraded Crescent Point Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Crescent Point Energy Corporation has a consensus rating of “Hold” and an average price target of $20.94.

Crescent Point Energy Corporation (NYSE:CPG) opened at 7.37 on Friday. The company has a 50-day moving average price of $7.06 and a 200 day moving average price of $8.80. The stock’s market capitalization is $4.02 billion. Crescent Point Energy Corporation has a 1-year low of $6.46 and a 1-year high of $14.74.

Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) last released its earnings results on Thursday, July 27th. The oil and gas producer reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. The firm had revenue of $605.03 million during the quarter, compared to the consensus estimate of $602.04 million. Crescent Point Energy Corporation had a positive return on equity of 1.83% and a negative net margin of 13.80%. During the same period in the prior year, the firm posted $0.03 earnings per share. On average, equities analysts predict that Crescent Point Energy Corporation will post $0.21 EPS for the current year.

The company also recently announced a monthly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were given a $0.024 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 3.91%. This is an increase from Crescent Point Energy Corporation’s previous monthly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, August 29th. Crescent Point Energy Corporation’s dividend payout ratio is -48.28%.

Crescent Point Energy Corporation Profile

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.

Institutional Ownership by Quarter for Crescent Point Energy Corporation (NYSE:CPG)

Receive News & Ratings for Crescent Point Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Point Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply