Short Interest in Crescent Point Energy Corp. (NYSE:CPG) Grows By 23.2%

Crescent Point Energy Corp. (NYSE:CPG - Get Free Report) TSE: CPG was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 21,000,000 shares, an increase of 23.2% from the February 29th total of 17,050,000 shares. Currently, 3.7% of the company's stock are short sold. Based on an average daily volume of 5,500,000 shares, the days-to-cover ratio is presently 3.8 days.

Institutional Trading of Crescent Point Energy

A number of institutional investors and hedge funds have recently modified their holdings of CPG. Parallel Advisors LLC increased its position in shares of Crescent Point Energy by 224.1% during the fourth quarter. Parallel Advisors LLC now owns 6,378 shares of the oil and gas producer's stock valued at $44,000 after acquiring an additional 4,410 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in Crescent Point Energy during the first quarter valued at $50,000. Ronald Blue Trust Inc. grew its holdings in Crescent Point Energy by 33.6% during the third quarter. Ronald Blue Trust Inc. now owns 6,863 shares of the oil and gas producer's stock valued at $57,000 after purchasing an additional 1,727 shares during the period. Lazard Asset Management LLC bought a new position in Crescent Point Energy during the first quarter valued at $62,000. Finally, Blue Trust Inc. grew its holdings in Crescent Point Energy by 48.8% during the fourth quarter. Blue Trust Inc. now owns 10,210 shares of the oil and gas producer's stock valued at $71,000 after purchasing an additional 3,347 shares during the period. 49.37% of the stock is owned by hedge funds and other institutional investors.

Crescent Point Energy Stock Up 1.6 %

Shares of Crescent Point Energy stock traded up $0.13 on Friday, hitting $8.19. The company had a trading volume of 3,647,218 shares, compared to its average volume of 6,254,951. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 11.70 and a beta of 2.22. Crescent Point Energy has a 1 year low of $6.03 and a 1 year high of $8.59. The stock has a 50 day moving average of $7.12 and a 200-day moving average of $7.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 0.76.

Crescent Point Energy (NYSE:CPG - Get Free Report) TSE: CPG last issued its quarterly earnings data on Thursday, February 29th. The oil and gas producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.11). The company had revenue of $743.70 million during the quarter, compared to analysts' expectations of $752.25 million. Crescent Point Energy had a return on equity of 13.27% and a net margin of 15.40%. As a group, sell-side analysts forecast that Crescent Point Energy will post 1.21 earnings per share for the current year.

Crescent Point Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be given a dividend of $0.086 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.20%. This is an increase from Crescent Point Energy's previous quarterly dividend of $0.07. The ex-dividend date is Thursday, March 14th. Crescent Point Energy's dividend payout ratio (DPR) is presently 48.57%.

Crescent Point Energy Company Profile

Crescent Point Energy Corp., together with its subsidiaries, explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota.

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