Crescent Point Energy Corp (CPG) Given New C$12.00 Price Target at Barclays PLC
CPG has been the topic of several other reports. National Bank Financial cut their price target on shares of Crescent Point Energy Corp from C$18.50 to C$14.00 in a research note on Friday, June 23rd. Royal Bank Of Canada cut their price target on shares of Crescent Point Energy Corp from C$21.00 to C$18.00 and set a sector perform rating on the stock in a research note on Friday, April 28th. Scotiabank reiterated an outperform rating and set a C$26.00 price target on shares of Crescent Point Energy Corp in a research note on Friday, April 28th. CIBC cut their price target on shares of Crescent Point Energy Corp from C$18.00 to C$11.50 in a research note on Thursday, July 20th. Finally, TD Securities reiterated a buy rating and set a C$21.00 price target on shares of Crescent Point Energy Corp in a research note on Friday, April 28th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of C$20.21.
Crescent Point Energy Corp (TSE:CPG) opened at 9.10 on Monday. The firm’s market capitalization is $4.96 billion. Crescent Point Energy Corp has a 52-week low of $8.97 and a 52-week high of $22.00. The company has a 50 day moving average price of $10.21 and a 200 day moving average price of $13.37.
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The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.36 dividend on an annualized basis and a yield of 3.96%.
In other news, insider Mark Gordon Eade purchased 6,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were acquired at an average cost of C$11.12 per share, for a total transaction of C$66,720.00. Also, insider Bradley Harlan Borggard sold 4,800 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of C$13.65, for a total transaction of C$65,520.00. Over the last 90 days, insiders acquired 8,500 shares of company stock worth $97,630 and sold 27,847 shares worth $290,355.
About Crescent Point Energy Corp
Crescent Point Energy Corp. (Crescent Point) is a Canada-based oil and gas exploration, development and production company. The Company is an oil and gas producer with assets consisting of light and medium oil and natural gas reserves in Western Canada and the United States. Its crude oil and natural gas 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.
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