Corporate Office Properties Trust (OFC) Forms $26.66 Double Bottom; MEG ENERGY COMMON CANADA (MEGEF) Sellers Decreased By 6.35% Their Shorts

May 21, 2018 - By Vivian Park

Corporate Office Properties Trust (NYSE:OFC) Logo

MEG ENERGY CORP COMMON CANADA (OTCMKTS:MEGEF) had a decrease of 6.35% in short interest. MEGEF’s SI was 7.43M shares in May as released by FINRA. Its down 6.35% from 7.94 million shares previously. With 40,500 avg volume, 184 days are for MEG ENERGY CORP COMMON CANADA (OTCMKTS:MEGEF)’s short sellers to cover MEGEF’s short positions. The SI to MEG ENERGY CORP COMMON CANADA’s float is 3.31%. The stock decreased 0.52% or $0.03747 during the last trading session, reaching $7.13053. About shares traded. MEG Energy Corp. (OTCMKTS:MEGEF) has 0.00% since May 21, 2017 and is . It has underperformed by 11.55% the S&P500.

Corporate Office Properties Trust (OFC) formed double bottom with $25.06 target or 6.00% below today’s $26.66 share price. Corporate Office Properties Trust (OFC) has $2.81 billion valuation. The stock increased 0.19% or $0.05 during the last trading session, reaching $26.66. About 611,871 shares traded. Corporate Office Properties Trust (NYSE:OFC) has declined 23.71% since May 21, 2017 and is downtrending. It has underperformed by 35.26% the S&P500.

Among 3 analysts covering MEG Energy (OTCMKTS:MEGEF), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. MEG Energy had 3 analyst reports since January 4, 2016 according to SRatingsIntel. On Thursday, January 28 the stock rating was downgraded by Barclays Capital to “Equal Weight”. On Monday, January 4 the stock rating was initiated by RBC Capital Markets with “Outperform”. The firm earned “Outperform” rating on Friday, February 10 by Raymond James.

MEG Energy Corp. develops and produces in situ oil sands in Alberta, Canada. The company has market cap of $2.10 billion. The firm is developing oil recovery projects that utilize steam assisted gravity drainage extraction methods. It has a 16.39 P/E ratio. It owns a 100% working interest in approximately 900 square miles of oil sands leases located in the southern Athabasca oil sands region of Alberta, as well as the Christina Lake project in the southern Athabasca oil sands region of Alberta.

Since February 13, 2018, it had 4 buys, and 2 sales for $100,415 activity. $220,792 worth of Corporate Office Properties Trust (NYSE:OFC) was sold by DENTON ROBERT L. BUDORICK STEPHEN E also bought $20,724 worth of Corporate Office Properties Trust (NYSE:OFC) on Thursday, March 8. On Tuesday, February 13 the insider Trimberger Lisa G bought $76,200.

Analysts await Corporate Office Properties Trust (NYSE:OFC) to report earnings on July, 26. They expect $0.50 EPS, up 2.04% or $0.01 from last year’s $0.49 per share. OFC’s profit will be $52.70 million for 13.33 P/E if the $0.50 EPS becomes a reality. After $0.49 actual EPS reported by Corporate Office Properties Trust for the previous quarter, Wall Street now forecasts 2.04% EPS growth.

Investors sentiment increased to 1.77 in Q4 2017. Its up 0.54, from 1.23 in 2017Q3. It increased, as 19 investors sold Corporate Office Properties Trust shares while 59 reduced holdings. 44 funds opened positions while 94 raised stakes. 103.09 million shares or 2.97% more from 100.12 million shares in 2017Q3 were reported. Susquehanna Intl Grp Inc Ltd Liability Partnership has 0% invested in Corporate Office Properties Trust (NYSE:OFC). The France-based Bnp Paribas Asset Mgmt Hldg Sa has invested 0.01% in Corporate Office Properties Trust (NYSE:OFC). Great West Life Assurance Can holds 109,920 shares or 0.01% of its portfolio. Barclays Public Limited has 203,148 shares. Parkside Financial Bank & stated it has 0% in Corporate Office Properties Trust (NYSE:OFC). Boston Advsrs Limited Liability, Massachusetts-based fund reported 104,245 shares. Ameritas Invest Prns reported 0.04% in Corporate Office Properties Trust (NYSE:OFC). Sumitomo Mitsui Hldgs Inc has invested 0% of its portfolio in Corporate Office Properties Trust (NYSE:OFC). Fmr Limited Liability Corporation invested in 5.94 million shares. American Century has 0% invested in Corporate Office Properties Trust (NYSE:OFC) for 7,951 shares. Lasalle Invest Securities Ltd Llc invested in 32,878 shares. Services Automobile Association holds 0.02% of its portfolio in Corporate Office Properties Trust (NYSE:OFC) for 228,292 shares. Aperio Grp Ltd Co reported 51,072 shares. Regions Fincl Corporation stated it has 0% in Corporate Office Properties Trust (NYSE:OFC). Quantbot Technology L P holds 0.21% or 76,174 shares.

Among 16 analysts covering Corporate Office Properties Trust (NYSE:OFC), 4 have Buy rating, 1 Sell and 11 Hold. Therefore 25% are positive. Corporate Office Properties Trust had 50 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Hold” rating by KeyBanc Capital Markets given on Monday, October 23. On Wednesday, December 23 the stock rating was maintained by Stifel Nicolaus with “Sell”. The stock of Corporate Office Properties Trust (NYSE:OFC) earned “Neutral” rating by Robert W. Baird on Monday, February 12. The stock of Corporate Office Properties Trust (NYSE:OFC) has “Hold” rating given on Monday, November 20 by SunTrust. The firm has “Neutral” rating given on Tuesday, September 1 by Mizuho. The firm earned “Hold” rating on Monday, August 7 by Jefferies. Mizuho maintained Corporate Office Properties Trust (NYSE:OFC) on Monday, November 20 with “Hold” rating. The firm has “Hold” rating given on Monday, January 8 by Robert W. Baird. The stock of Corporate Office Properties Trust (NYSE:OFC) earned “Hold” rating by Stifel Nicolaus on Friday, July 14. The company was maintained on Monday, July 3 by Jefferies.

Corporate Office Properties Trust (NYSE:OFC) Institutional Positions Chart

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