Crescent Point Energy Corp. (NYSE:CPG) is at least 41.56% than its current record low price of $2.43. There was a 6.17% gain on 6/26/2019 that led the price to move at $3.44. At a recent session, the prices were hovering between $3.205 and $3.29. This company shares are 157.27% off its target price of $8.85 and the current market capitalization stands at $1.89B. The recent change has given its price a -4.78% deficit over SMA 50 and -56.26% deficit over its 52-week high. The stock witnessed -0.58% declines, 5.2% gains and 26.01% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CPG’s volatility during a week at 4.13% and during a month it has been found around 4.53%.
What Does Crescent Point Energy Corp. (CPG) Do?
The company describes itself in regulatory filings as, “Crescent Point Energy Corp. engages in the exploration, development, and production of oil and gas properties. It focuses on the following locations: Viewfield Bakken, Shaunavon, Flat Lake, Duvernay, and Uinta Basin. The company was founded on April 20, 1994 and is headquartered in Calgary, Canada.” [Text can be found here: https://www.marketwatch.com/investing/stock/CPG/profile under company description.]Crescent Point Energy Corp. (CPG) Top Holders
Institutional investors currently hold around $597 million or 42.42% in CPG stock. Look at its top three institutional owners: Franklin Resources Inc owns $103.2 million in Crescent Point Energy Corp., which represents roughly 5.46% of the company’s market cap and approximately 17.29% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 14,343,776 shares of the stock are valued at $46.47 million. The third largest holder is Lincluden Management Ltd, which currently holds $36.74 million worth of this stock and that ownership represents nearly 1.94% of its market capitalization.Crescent Point Energy Corp. 13F Filings
At the end of March reporting period, 70 institutional holders increased their position in Crescent Point Energy Corp. (NYSE:CPG) by some 36,895,301 shares, 75 decreased positions by 58,195,248 and 16 held positions by 89,115,362. That puts total institutional holdings at 184,205,911 shares, according to SEC filings. The stock grabbed 21 new institutional investments totaling 11,145,061 shares while 24 institutional investors sold out their entire positions totaling 10,460,012 shares.Crescent Point Energy Corp. (CPG) Analyst Guide
Several analysts have released their opinion on Crescent Point Energy Corp. (NYSE:CPG), with 1 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 8 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.33 average brokerage recommendation [T1].