Why are Institutional Investors Interested in Buying Crescent Point Energy Corp. (CPG)?

Crescent Point Energy Corp. (NYSE: CPG) is -65.55% lower on its value in year-to-date trading and has touched a low of $0.51 and a high of $4.84 in the current 52-week trading range. The CPG stock was last observed hovering at around $1.54 in the recent trading session, with the current loss setting it -0.03% off its average median price target of $1.89 for the next 12 months. It is also 37.08% off the consensus price target high of $2.40 offered by 17 analysts, but current levels are -39.81% lower than the price target low of $1.08 for the same period.

The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.


At last check, trading at $1.51, the stock is -9.44% and -2.37% below its SMA20 and SMA50 respectively. However, with a current trading volume of 0.51 million and changing -1.85% at the moment leaves the stock -44.32% off its SMA200. CPG registered -50.96% loss for a year compared to 6-month loss of -67.98%. The firm has a 50-day simple moving average (SMA 50) of $1.6618 and a 200-day simple moving average (SMA200) of $2.1508.

The stock witnessed a -29.68% gain in the last 1 month and extending the period to 3 months gives it a 52.48%, and is -5.52% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.90% over the week and 7.59% over the month.

Fwd P/E is 9.62. Distance from 52-week low is 196.20% and -68.77% from its 52-week high.

Crescent Point Energy Corp. (CPG) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Crescent Point Energy Corp. (CPG) is a “Hold”. 17 analysts offering their recommendations for the stock have an average rating of 3.00, where 10 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

Crescent Point Energy Corp. quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $658.64M over the same period.The EPS is expected to grow by 111.10% this year, but quarterly earnings will post 25.40% year-over-year. Quarterly sales are estimated to grow 6.00% in year-over-year returns.

Crescent Point Energy Corp. (CPG) Top Institutional Holders

208 institutions hold shares in Crescent Point Energy Corp. (CPG), with 264.65k shares held by insiders accounting for 0.05% while institutional investors hold 43.71% of the company’s shares. The shares outstanding are 528.96M, and float is at 528.34M with Short Float at 3.08%. Institutions hold 43.69% of the Float.

The top institutional shareholder in the company is Franklin Resources, Inc with over 36.78 million shares valued at $28.28 million. The investor’s holdings represent 6.95% of the CPG Shares outstanding. As of Mar 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 16.42 million shares valued at $12.63 million to account for 3.10% of the shares outstanding. The other top investors are Lincluden Management Limited which holds 10.97 million shares representing 2.07% and valued at over $8.43 million, while Connor Clark & Lunn Investment Management Ltd holds 1.73% of the shares totaling 9.14 million with a market value of $7.03 million.

Crescent Point Energy Corp. (CPG): Who are the competitors?

Baytex Energy Corp. (BTE) is -62.66% down on the 1-year trading charts. Short interest in the company’s stock has fallen -6.57% from the last report on May 14, 2020 to stand at a total of 17.35 million short shares sold with a short interest ratio of 4.12.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free