Penbrook Management LLC Takes $300,000 Position in Crescent Point Energy Co. (CPG)

Penbrook Management LLC bought a new stake in Crescent Point Energy Co. (NYSE:CPG) (TSE:CPG) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 39,200 shares of the oil and gas producer’s stock, valued at approximately $300,000.

Other large investors have also recently modified their holdings of the company. Van ECK Associates Corp lifted its position in Crescent Point Energy by 5.3% during the 3rd quarter. Van ECK Associates Corp now owns 114,003 shares of the oil and gas producer’s stock worth $918,000 after buying an additional 5,690 shares in the last quarter. Wells Fargo & Company MN lifted its position in Crescent Point Energy by 4.6% during the 4th quarter. Wells Fargo & Company MN now owns 194,184 shares of the oil and gas producer’s stock worth $1,480,000 after buying an additional 8,603 shares in the last quarter. Verition Fund Management LLC lifted its position in Crescent Point Energy by 34.2% during the 4th quarter. Verition Fund Management LLC now owns 36,033 shares of the oil and gas producer’s stock worth $275,000 after buying an additional 9,184 shares in the last quarter. Guggenheim Capital LLC lifted its position in Crescent Point Energy by 6.1% during the 4th quarter. Guggenheim Capital LLC now owns 165,860 shares of the oil and gas producer’s stock worth $1,268,000 after buying an additional 9,523 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Crescent Point Energy by 1.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 610,776 shares of the oil and gas producer’s stock worth $4,917,000 after buying an additional 10,552 shares in the last quarter. Institutional investors own 40.25% of the company’s stock.

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Several research analysts recently issued reports on CPG shares. AltaCorp Capital reiterated a “buy” rating and set a $16.25 price target on shares of Crescent Point Energy in a research report on Monday, January 15th. Zacks Investment Research upgraded shares of Crescent Point Energy from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research report on Friday, December 29th. ValuEngine upgraded shares of Crescent Point Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Raymond James Financial downgraded shares of Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 14th. Finally, UBS downgraded shares of Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $13.69.

Shares of Crescent Point Energy Co. (NYSE:CPG) opened at $7.17 on Friday. The firm has a market capitalization of $4,060.71, a PE ratio of 53.14 and a beta of 1.51. Crescent Point Energy Co. has a twelve month low of $6.40 and a twelve month high of $11.45. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last announced its quarterly earnings data on Thursday, March 1st. The oil and gas producer reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.13). The firm had revenue of $721.29 million for the quarter, compared to the consensus estimate of $691.70 million. Crescent Point Energy had a positive return on equity of 1.04% and a negative net margin of 4.23%. During the same period in the prior year, the firm posted $0.18 earnings per share. equities analysts anticipate that Crescent Point Energy Co. will post 0.24 earnings per share for the current fiscal year.

The company also recently disclosed a dividend, which will be paid on Monday, April 16th. Shareholders of record on Saturday, March 31st will be issued a dividend of $0.023 per share. The ex-dividend date is Wednesday, March 28th. Crescent Point Energy’s dividend payout ratio is currently -144.99%.

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About Crescent Point Energy

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.

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

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