Are Quant Signals Bullish on Crescent Point Energy Corp. (TSX:CPG)?

13 January, 2018, 17:06 | Author: Regina Silva
  • Crescent Point Energy had nine rigs working in close proximity south of Torquaay. Graphic courtesy of Rig Locator

ISDR's SI was 500 shares in January as released by FINRA. After $1.92 actual earnings per share reported by Hawaiian Holdings, Inc. for the previous quarter, Wall Street now forecasts -42.71% negative EPS growth. With 1.98M avg volume, 2 days are for HD Supply Holdings Incorporated (NASDAQ:HDS)'s short sellers to cover HDS's short positions. Jacobson And Schmitt Limited Company invested 0.23% in Exxon Mobil Corporation (NYSE:XOM). The stock increased 4.44% or $0.36 during the last trading session, reaching $8.47.

New Age Beverages Corporation (NASDAQ:NBEV) trades at $2.22 having a market capitalization of $75.08 million. (NASDAQ:HDS) has risen 25.80% since January 7, 2017 and is uptrending. It has underperformed by 24.43% the S&P500.

While the spending plan eclipsed some analyst expectations, it marks a reversal for Crescent Point, which has faced criticism in recent years for tapping markets to fund pricey acquisitions and big drilling plans. (CPG) formed double bottom with $7.70 target or 5.00% below today's $8.11 share price. (TSX:CPG), starting with the Book to Market (BTM) ratio. The stock decreased 0.03% or $0.01 during the last trading session, reaching $39.35. The company has its outstanding shares of 545.45M. (NYSE:CPG) has declined 40.46% since January 11, 2017 and is downtrending.

Among 14 analysts covering Hawaiian Holdings (NASDAQ:HA), 6 have Buy rating, 2 Sell and 6 Hold. Therefore 38% are positive. BMO Capital Markets initiated the shares of XOM in report on Friday, December 2 with "Market Perform" rating. (NASDAQ:HA) has "Hold" rating given on Thursday, June 8 by Deutsche Bank. (NASDAQ:HDS) on Tuesday, December 5 with "Hold" rating. Teachers Retirement Of The State Of Kentucky, Kentucky-based fund reported 19,300 shares. The company was upgraded on Monday, October 10 by Raymond James.

Investors sentiment decreased to 0.99 in Q3 2017. Its down 1.00, from 1.33 in 2017Q2. It is negative, as 57 investors sold Hawaiian Holdings, Inc. shares while 79 reduced holdings.

Founders Capital Management Llc decreased Exxon Mobil Corporation (XOM) stake by 77.28% reported in 2017Q3 SEC filing. Pr Herzig & reported 15,845 shares. 192,084 are held by Guardian Cap Advsr Limited Partnership. Price T Rowe Assoc Md holds 0% or 15,929 shares.

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The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.04 by $0.02. Following the sale, the chief executive officer now owns 3,377,085 shares of the company's stock, valued at $19,181,842.80.


SpartanNash Company distributes and retails grocery products. The 8 months chart pattern indicates high risk for the $4.51 billion company. The firm operates through three divisions: North America, Europe, and Rest of World. It has a 7.56 P/E ratio. It offers pharmaceutical products in tablet, capsule, injectable, transdermal patch, gel, nebulized, and cream or ointment forms.

Crescent Point said almost half of its liquids production for the first half of 2018 is hedged at an average price of $73 a barrel. (NYSE:CPG) advice adding it to buy candidate list. They expect $0.99 EPS, up 10.00% or $0.09 from last year's $0.9 per share. Barclays dropped their price target on shares of Crescent Point Energy from C$12.00 to C$11.00 in a research report on Monday, October 30th.

Among 4 analysts covering Crescent Point Energy (NYSE:CPG), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive.

Crescent Point late on Tuesday said it plans to spend $1.8-billion this year and pointed to a major increase in prospective drilling locations at its expanding operations in Utah, a step-out from its core holdings in southeast Saskatchewan. Stevens Capital Management Lp sold 106,529 shares as Crescent Pt Energy Corp (CPG)'s stock declined 20.31%. Hawaiian Holdings had 52 analyst reports since July 30, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Friday, November 11 by Dundee Securities. The rating was upgraded by Barclays Capital to "Overweight" on Friday, July 22. The rating was downgraded by UBS to "Buy" on Friday, August 14. Crescent Point Energy had 7 analyst reports since July 22, 2015 according to SRatingsIntel. Barclays Capital downgraded it to "Equal Weight" rating and $23 target in Wednesday, July 22 report. This volatility measure use for multipurpose in judging the underlying price momentum as well as the rate of change in CPG's price. RBC Capital Markets has "Buy" rating and $45.0 target. The firm earned "Neutral" rating on Friday, October 20 by Buckingham Research.

Short interest or otherwise called the percentage of a stock's tradable shares now being shorted is another data that investors use to get a handle on sentiment.

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