Crescent Point Energy Corp (CPG) Price Target Cut to C$11.00
Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) had its price objective cut by investment analysts at Barclays PLC from C$12.00 to C$11.00 in a report released on Monday. Barclays PLC’s price target points to a potential upside of 9.89% from the company’s previous close.
A number of other equities analysts also recently issued reports on CPG. TD Securities decreased their price target on shares of Crescent Point Energy Corp from C$16.00 to C$15.00 and set a “buy” rating for the company in a research note on Friday. BMO Capital Markets decreased their price target on shares of Crescent Point Energy Corp from C$14.00 to C$13.00 in a research note on Tuesday, October 10th. CIBC decreased 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, Royal Bank Of Canada decreased their price target on shares of Crescent Point Energy Corp from C$18.00 to C$14.00 in a research note on Thursday, July 20th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of C$16.00.
Shares of Crescent Point Energy Corp (TSE CPG) traded up 6.46% during mid-day trading on Monday, reaching $10.05. The company had a trading volume of 4,140,636 shares. The firm has a 50-day moving average of $9.45 and a 200-day moving average of $10.52. The company’s market capitalization is $5.48 billion. Crescent Point Energy Corp has a 12-month low of $8.08 and a 12-month high of $19.38.
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In other news, insider Tamara Macdonald sold 9,053 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of C$9.90, for a total transaction of C$89,624.70. Also, Director Gerald A. Romanzin sold 3,500 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of C$8.56, for a total transaction of C$29,960.00. Insiders have sold 25,999 shares of company stock valued at $252,276 in the last ninety days.
Crescent Point Energy Corp Company Profile
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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