Crescent Point Energy Corp. (CPG) Reaches $7.75 After 3.00% Down Move; 2 Analysts Are Bullish Finning International Inc. (TSE:FTT) Last Week

May 27, 2018 - By Ellis Scott

Finning International Inc. (TSE:FTT) Logo

Among 10 analysts covering Finning International Inc. (TSE:FTT), 2 have Buy rating, 2 Sell and 6 Hold. Therefore 20% are positive. Finning International Inc. had 48 analyst reports since July 24, 2015 according to SRatingsIntel. Scotia Capital maintained Finning International Inc. (TSE:FTT) on Friday, October 28 with “Outperform” rating. The stock of Finning International Inc. (TSE:FTT) earned “Market Perform” rating by Raymond James on Thursday, March 30. As per Friday, August 7, the company rating was maintained by TD Securities. The firm earned “Outperform” rating on Friday, November 4 by Scotia Capital. The company was maintained on Thursday, March 2 by TD Securities. The stock has “Buy” rating by Canaccord Genuity on Thursday, August 27. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, February 10. IBC upgraded the shares of FTT in report on Wednesday, January 18 to “Neutral” rating. Scotia Capital maintained the stock with “Outperform” rating in Friday, August 7 report. As per Friday, August 7, the company rating was upgraded by Raymond James. See Finning International Inc. (TSE:FTT) latest ratings:

The stock of Crescent Point Energy Corp. (NYSE:CPG) is a huge mover today! The stock decreased 4.79% or $0.39 during the last trading session, reaching $7.75. About 1.97 million shares traded or 16.41% up from the average. Crescent Point Energy Corp. (NYSE:CPG) has declined 34.24% since May 27, 2017 and is downtrending. It has underperformed by 45.79% the S&P500.The move comes after 5 months negative chart setup for the $4.24 billion company. It was reported on May, 27 by Barchart.com. We have $7.52 PT which if reached, will make NYSE:CPG worth $127.23M less.

More recent Crescent Point Energy Corp. (NYSE:CPG) news were published by: Seekingalpha.com which released: “Crescent Point Energy’s (CPG) CEO Scott Saxberg on Q1 2018 Results – Earnings Call Transcript” on May 03, 2018. Also Globenewswire.com published the news titled: “Crescent Point Energy Confirms May 2018 Dividend” on May 15, 2018. Globenewswire.com‘s news article titled: “Crescent Point Announces Annual General Meeting Voting Results” with publication date: May 04, 2018 was also an interesting one.

Among 4 analysts covering Crescent Point Energy (NYSE:CPG), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Crescent Point Energy has $28 highest and $21 lowest target. $28’s average target is 261.29% above currents $7.75 stock price. Crescent Point Energy had 7 analyst reports since July 22, 2015 according to SRatingsIntel. Dundee Securities upgraded the stock to “Buy” rating in Friday, November 11 report. The rating was upgraded by Barclays Capital on Friday, July 22 to “Overweight”. The stock of Crescent Point Energy Corp. (NYSE:CPG) earned “Neutral” rating by Dundee Securities on Friday, September 9. The firm has “Overweight” rating given on Thursday, October 29 by Barclays Capital. The rating was downgraded by Barclays Capital to “Equal Weight” on Wednesday, July 22. On Friday, August 14 the stock rating was downgraded by UBS to “Buy”.

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 has market cap of $4.24 billion. The company's natural gas and crude oil 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. It currently has negative earnings.

Analysts await Crescent Point Energy Corp. (NYSE:CPG) to report earnings on July, 26. They expect $0.10 earnings per share, up 100.00% or $0.05 from last year’s $0.05 per share. CPG’s profit will be $54.72M for 19.38 P/E if the $0.10 EPS becomes a reality. After $0.09 actual earnings per share reported by Crescent Point Energy Corp. for the previous quarter, Wall Street now forecasts 11.11% EPS growth.

Investors sentiment increased to 1.28 in 2017 Q4. Its up 0.25, from 1.03 in 2017Q3. It increased, as 13 investors sold Crescent Point Energy Corp. shares while 40 reduced holdings. 23 funds opened positions while 45 raised stakes. 209.66 million shares or 2.62% less from 215.30 million shares in 2017Q3 were reported. Bancshares Of Nova Scotia Trust stated it has 38,573 shares or 0.03% of all its holdings. Legal General Group Public Ltd Co has 2.61 million shares for 0.01% of their portfolio. Scheer Rowlett And Associates Invest Mngmt Ltd holds 2.03% or 4.54 million shares. Virtu Financial Ltd Liability Com stated it has 28,546 shares or 0.01% of all its holdings. Td Asset holds 8.99M shares or 0.1% of its portfolio. Goldman Sachs Gru invested in 650,452 shares or 0% of the stock. Schroder Inv Mgmt Gp holds 2.55M shares. Cap Assocs New York holds 62,000 shares or 0.67% of its portfolio. Corecommodity Limited Liability Company has invested 1.53% of its portfolio in Crescent Point Energy Corp. (NYSE:CPG). Scotia accumulated 3.15 million shares. Intact Mgmt Inc has invested 1.23% in Crescent Point Energy Corp. (NYSE:CPG). 1832 Asset Mgmt Limited Partnership holds 13,894 shares or 0% of its portfolio. Vanguard accumulated 0% or 13.64M shares. New York-based Jpmorgan Chase And has invested 0% in Crescent Point Energy Corp. (NYSE:CPG). Axa holds 12,607 shares.

The stock decreased 0.22% or $0.07 during the last trading session, reaching $31.78. About 161,608 shares traded. Finning International Inc. (TSE:FTT) has 0.00% since May 27, 2017 and is . It has underperformed by 11.55% the S&P500.

Finning International Inc. engages in selling, servicing, and renting heavy equipment, engines, and related products in Canada, South America, the United Kingdom, and Ireland. The company has market cap of $5.35 billion. It serves various industries, including mining, construction, petroleum, and forestry, as well as various power system applications. It has a 24.26 P/E ratio. The firm was formerly known as Finning Ltd. and changed its name to Finning International Inc. in April 1997.

Crescent Point Energy Corp. (NYSE:CPG) Ratings Chart

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