Analysts Turn Mixed On Loma Negra Compania Industrial Argentina Sociedad Anonima (LOMA), Crescent Point Energy Corp. (CPG)

The shares of Loma Negra Compania Industrial Argentina Sociedad Anonima (NYSE:LOMA) has been pegged with a rating of Equal-Weight by Morgan Stanley in its latest research note that was published on August 13th, 2019. Morgan Stanley wasn’t the only research firm that published a report of Loma Negra Compania Industrial Argentina Sociedad Anonima, with other equities research analysts also giving their opinion on the stock. Morgan Stanley advised investors in its research note published on May 30th, 2018, to Overweight the LOMA stock. The stock had earned Sell rating from UBS when it published its report on May 14th, 2018. The stock was given Overweight rating by Morgan Stanley in its report released on May 8th, 2018. HSBC Securities was of a view that LOMA is Buy in its latest report on May 8th, 2018.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 3 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $13.91. The price of the stock the last time has raised by 44.58% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 24.22.

The shares of the company added by 6.19% during the trading session on Tuesday, reaching a low of $5.72 while ending the day at $6.00. During the trading session, a total of 4.63 million shares were traded which represents a -794510.22% decline from the average session volume which is 582.64K shares. LOMA had ended its last session trading at 5.65. Loma Negra Compania Industrial Argentina Sociedad Anonima currently has a market cap of $715.23M while its P/E ratio stands at 13.10. LOMA 52-week low price stands at $4.15 while its 52-week high price is $13.44.

The company in its last quarterly report recorded $10.00 earnings per share which is above the $7.09 predicted by most analysts. The Loma Negra Compania Industrial Argentina Sociedad Anonima generated $6,936.00 million in revenue during the last quarter, which is slightly higher than the $6,808.81 million predicted by analysts. In the second quarter last year, the firm recorded $0.85 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 91.5%. Loma Negra Compania Industrial Argentina Sociedad Anonima has the potential to record 0.46 EPS for the current fiscal year, according to equities analysts.

Investment analysts at CIBC published a research note on May 10th, 2019 where it informed investors and clients that Crescent Point Energy Corp. (NYSE:CPG) is now rated as Sector Outperform. Morgan Stanley also rated CPG as Resumed on May 30th, 2018, with its price target of $54.50 suggesting that CPG could surge by 64.63% from its current share price. Even though the stock has been trading at $3.07/share, analysts expect it to surge higher by 1.95% to reach $8.85/share. It started the day trading at $3.19 and traded between $3.02 and $3.13 throughout the trading session.

A look at its technical shows that CPG’s 50-day SMA is 3.15 while its 200-day SMA stands at 3.38. At the moment, only of Crescent Point Energy Corp. shares were sold short. The company’s average trading volume currently stands at 2.49M shares, which means that the short-interest ratio is just 4.90 days. Over the past seven days, the company moved, with its shift of 6.46%. Looking further, the stock has dropped -20.76% over the past 90 days while it gained 19.92% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Franklin Mutual Advisers LLC sold more CPG shares, decreasing its portfolio by -15.20% during the last quarter. This move now sees Franklin Mutual Advisers LLC selling -5,698,683 shares in the last quarter, thus it now holds 31,787,219 shares of CPG, with a total valuation of $105,215,695. The Vanguard Group Inc meanwhile sold more CPG shares in the recently filed quarter, changing its stake to $47,048,555 worth of shares. Connor Clark Lunn Investment M followed the path by increasing its CPG portfolio by +59.17% in the quarter. This means that Connor Clark Lunn Investment M bought 4,518,849 shares in the last quarter and now controls 12,155,457 shares of the CPG stock, with the valuation hitting $40,234,563.

Similarly, Arrowstreet Capital LP increased its Crescent Point Energy Corp. shares by +29.51% during the recently filed quarter. After buying 2,195,912 shares in the last quarter, the firm now controls 9,636,163 shares of Crescent Point Energy Corp. which are valued at $31,895,700. In the same vein, BMO Asset Management Inc increased its Crescent Point Energy Corp. shares by during the most recent reported quarter. The firm bought 807,532 shares during the quarter which increased its stakes to 7,683,535 shares and is now valued at $25,432,501. Following these latest developments, around 0.68% of Crescent Point Energy Corp. stocks are owned by institutional investors and hedge funds.