During November, there was a sizeable increase in the number of short positions held in Crescent Point Energy Corporation (NYSE: CPG) (TSE: CPG). As a result, the total number of shares borrowed to cover short positions reached 11,090,000 as of November 30th. This represents a 22.7% increase from the total 9,040,000 shares borrowed to cover short positions as of November 15thration (NYSE: CPG) (TSE: CPG). As a result, the total number of shares borrowed to cover short positions reached 11,090,000 as of November 30th. This represents a 22.7% increase from the total 9,040,000 shares borrowed to cover short positions as of November 15th. At this time, short sales constitute 2.0% of the total shares outstanding in the company. Right now, the short-interest ratio is 0.9 days, which, when applied to an average daily volume of 11,780,000 shares, reveals that sellers are interested in shorting the stock.
Recently, several research analysts have produced reports on the stock based on their findings and related to the topic. StockNews.com announced on October 12th, within a published research note, that the website would be providing coverage on shares of Crescent Point Energy. The consensus recommendation for the stock was a “buy.” The price target that National Bank Financial has set for Crescent Point Energy shares has been reduced from C$20.00 to C$18.00, as stated in a research note that was made public on September 30th. Finally, in a research note released on Monday, Crescent Point Energy’s share price target was reduced by Stifel Nicolaus. The new price target is C$16.00, down from C$17.00 previously. This was the company’s final action, but by no means its the least important one.
Recent months have seen several institutional investors make shifts to the percentages of CPG holdings that are contained within their respective investment portfolios. During the third quarter, approximately $31,000 was spent by Wipfli Financial Advisors LLC to acquire a new stake in Crescent Point Energy. A one hundred sixty-nine point zero percent increase in the proportion of Crescent Point Energy in which Ronald Blue Trust Inc. had invested during the third quarter was achieved. After making an additional purchase of 6,136 shares of the oil and gas producer’s stock during the most recent quarter, Ronald Blue Trust Inc. now holds a total of 6,710 shares of the company’s stock, which has a value of $48,000. This brings the company’s overall holdings to 6,710 shares. During the second quarter of the fiscal year, EverSource Wealth Advisors LLC made a new investment in Crescent Point Energy, totaling approximately $50,000. This investment was approximately half of the quarter’s total budget. PNC Financial Services Group Inc. increased the amount of money it had invested in Crescent Point Energy by $50,000 during the first quarter of the fiscal year. Lazard Asset Management LLC spent a total of $62,000 to make a new investment in Crescent Point Energy during the last month of the first quarter. This investment was made during the first quarter. A total of 35.40% of the company’s outstanding shares are held in institutional ownership.
The price of an individual share of NYSE CPG fell by $0.21 during Thursday’s trading, bringing the stock’s total price to $6.79. In total, 5,479,850 shares of the company’s stock were traded, significantly lower than the daily volume of 11,214,071 shares typically seen. Depending on market conditions, a year’s supply of Crescent Point Energy could cost anywhere from $4.11 to $10.96. Each of the three financial ratios—the debt-to-equity ratio, the current ratio, and the quick ratio—is equal to 0.13, and they are all equal to 0.61. The company’s market capitalization is currently sitting at $3.78 billion, its price-to-earnings ratio stands at 2.35, and its beta stands at 2.24. A moving average of $7.58 has been calculated for the company over the past 50 days, and a moving average of $7.56 has been calculated over the last 200 days.
In addition, the company announced a quarterly dividend, which will be disbursed on January 3rd of this year. A $0.059 dividend payment per share will be distributed to shareholders who were shareholders of record as of December 15th. Those shareholders will be eligible to receive the dividend payment. The ex-dividend date for this dividend is Wednesday, December 14th, which is a Wednesday. Therefore, this date is also the ex-dividend date. This equates to a yield of 3.48 percent and an annual dividend payment of 0.24 dollars. Currently, the payout ratio for Crescent Point Energy is 8.45%.
The Crescent Point Energy Corp. has properties for extracting crude oil and natural gas in Saskatchewan, Alberta, British Columbia, Manitoba, North Dakota, and Montana. These states are listed in the company’s name. In addition, the company owns property in the state of Montana.
Source: news.google.com
