Newtek Business Services Corp. (NEWT) Reaches $20.18 52-Week High; Crescent Point Energy Corp. (CPG) Covered By 4 Bulls

June 2, 2018 - By Darrin Black

Crescent Point Energy Corp. (NYSE:CPG) Logo

The stock of Newtek Business Services Corp. (NASDAQ:NEWT) hit a new 52-week high and has $21.19 target or 5.00% above today’s $20.18 share price. The 9 months bullish chart indicates low risk for the $376.69 million company. The 1-year high was reported on Jun, 2 by Barchart.com. If the $21.19 price target is reached, the company will be worth $18.83 million more. The stock increased 0.05% or $0.01 during the last trading session, reaching $20.18. About 93,158 shares traded or 5.87% up from the average. Newtek Business Services Corp. (NASDAQ:NEWT) has risen 14.46% since June 2, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

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 had 7 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Crescent Point Energy Corp. (NYSE:CPG) earned “Buy” rating by UBS on Friday, August 14. On Friday, July 22 the stock rating was upgraded by Barclays Capital to “Overweight”. Barclays Capital downgraded Crescent Point Energy Corp. (NYSE:CPG) rating on Wednesday, July 22. Barclays Capital has “Equal Weight” rating and $23 target. The stock of Crescent Point Energy Corp. (NYSE:CPG) has “Neutral” rating given on Friday, September 9 by Dundee Securities. On Friday, November 11 the stock rating was upgraded by Dundee Securities to “Buy”. The firm has “Overweight” rating given on Thursday, October 29 by Barclays Capital. See Crescent Point Energy Corp. (NYSE:CPG) latest ratings:

Investors sentiment decreased to 0.97 in Q1 2018. Its down 0.31, from 1.28 in 2017Q4. It turned negative, as 17 investors sold Crescent Point Energy Corp. shares while 50 reduced holdings. 24 funds opened positions while 41 raised stakes. 202.52 million shares or 3.40% less from 209.66 million shares in 2017Q4 were reported. Hexavest has 13,108 shares for 0% of their portfolio. Manufacturers Life Ins Co The has 1.90M shares. Gulf Intll Retail Bank (Uk) owns 168,293 shares for 0.01% of their portfolio. Guggenheim Cap Limited Liability Co invested 0% of its portfolio in Crescent Point Energy Corp. (NYSE:CPG). The California-based Guardian Trust has invested 0% in Crescent Point Energy Corp. (NYSE:CPG). Addenda Capital holds 538,566 shares. Fmr Llc stated it has 3.81M shares or 0% of all its holdings. Neuberger Berman Gru Lc holds 27,521 shares or 0% of its portfolio. Comerica Bancshares owns 50,188 shares. Fiera Cap Corp invested in 0% or 100,959 shares. Penbrook Limited Liability holds 0.24% or 35,500 shares in its portfolio. Pnc Financial Service holds 0% in Crescent Point Energy Corp. (NYSE:CPG) or 7,172 shares. The Illinois-based Peak6 Invs Limited Partnership has invested 0% in Crescent Point Energy Corp. (NYSE:CPG). Shell Asset Comm has 496,623 shares. Goldman Sachs Group holds 0% or 751,536 shares in its portfolio.

More news for Crescent Point Energy Corp. (NYSE:CPG) were recently published by: Streetinsider.com, which released: “Crescent Point Energy (CPG) Announces New President and CEO” on May 29, 2018. Globenewswire.com‘s article titled: “Crescent Point Announces Annual General Meeting Voting Results” and published on May 04, 2018 is yet another important article.

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 $4.34 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.

The stock decreased 1.87% or $0.15 during the last trading session, reaching $7.89. About 914,932 shares traded. Crescent Point Energy Corp. (NYSE:CPG) has declined 14.74% since June 2, 2017 and is downtrending. It has underperformed by 27.31% the S&P500.

Newtek Business Services Corp. is a business development firm specializing in providing financial and business services to the small-and medium-sized business market in the United States. The company has market cap of $376.69 million. The firm also seeks to invest in early stage businesses. It has a 8.75 P/E ratio. The firm seeks to makes both debt and equity investments.

Among 5 analysts covering Newtech (NASDAQ:NEWT), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Newtech had 14 analyst reports since August 3, 2015 according to SRatingsIntel. Raymond James initiated the shares of NEWT in report on Thursday, October 22 with “Market Perform” rating. On Wednesday, May 24 the stock rating was downgraded by Compass Point to “Neutral”. The stock of Newtek Business Services Corp. (NASDAQ:NEWT) has “Buy” rating given on Monday, August 3 by Singular Research. Raymond James maintained the stock with “Outperform” rating in Monday, August 15 report. On Friday, May 5 the stock rating was upgraded by Compass Point to “Buy”. As per Thursday, June 16, the company rating was initiated by DA Davidson. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Friday, October 13 report. Keefe Bruyette & Woods maintained the shares of NEWT in report on Tuesday, March 6 with “Hold” rating. Keefe Bruyette & Woods downgraded Newtek Business Services Corp. (NASDAQ:NEWT) on Tuesday, November 29 to “Mkt Perform” rating. On Tuesday, May 30 the stock rating was reinitiated by Keefe Bruyette & Woods with “Hold”.

Analysts await Newtek Business Services Corp. (NASDAQ:NEWT) to report earnings on August, 1. They expect $0.36 earnings per share, down 12.20% or $0.05 from last year’s $0.41 per share. NEWT’s profit will be $6.72M for 14.01 P/E if the $0.36 EPS becomes a reality. After $0.44 actual earnings per share reported by Newtek Business Services Corp. for the previous quarter, Wall Street now forecasts -18.18% negative EPS growth.

Investors sentiment increased to 1.32 in Q1 2018. Its up 0.17, from 1.15 in 2017Q4. It increased, as 6 investors sold Newtek Business Services Corp. shares while 13 reduced holdings. 13 funds opened positions while 12 raised stakes. 3.48 million shares or 1.21% less from 3.52 million shares in 2017Q4 were reported. Stratos Wealth Ptnrs Limited accumulated 2,000 shares. Bluecrest Capital Mgmt stated it has 0.01% of its portfolio in Newtek Business Services Corp. (NASDAQ:NEWT). American Asset invested 0.23% in Newtek Business Services Corp. (NASDAQ:NEWT). California Employees Retirement System invested in 0% or 53,644 shares. Barclays Public Ltd accumulated 0% or 18 shares. Jpmorgan Chase reported 3,865 shares. Pub Employees Retirement Sys Of Ohio stated it has 95,192 shares or 0.01% of all its holdings. Hightower Ltd Liability Corp holds 0% of its portfolio in Newtek Business Services Corp. (NASDAQ:NEWT) for 11,903 shares. Advisory owns 52,843 shares for 0.02% of their portfolio. Tower Rech Cap Lc (Trc) has invested 0.01% in Newtek Business Services Corp. (NASDAQ:NEWT). Royal Bancorporation Of Canada holds 455 shares. Advisors Asset Mgmt reported 0.11% of its portfolio in Newtek Business Services Corp. (NASDAQ:NEWT). Advisory Serv Net Limited stated it has 4,910 shares. Millennium Mgmt Ltd Liability Co holds 12,036 shares. Stifel Fincl Corp invested in 54,435 shares or 0% of the stock.

More important recent Newtek Business Services Corp. (NASDAQ:NEWT) news were published by: Globenewswire.com which released: “Newtek Declares Second Quarter 2018 Dividend of $0.42 per Share” on May 11, 2018, also Nasdaq.com published article titled: “Report: Exploring Fundamental Drivers Behind Allegiant Travel, Hurco Companies, Newtek Business Services …”, Streetinsider.com published: “UPDATE: Newtek Business Services (NEWT) Raises Quarterly Dividend 5% to $0.421; 8.9% Yield” on May 11, 2018. More interesting news about Newtek Business Services Corp. (NASDAQ:NEWT) was released by: Seekingalpha.com and their article: “Main Street Capital’s NAV, Valuation, And Dividend Compared To 13 BDC Peers (Post Q1 2018 Earnings) – Part 1” with publication date: May 24, 2018.

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

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