Crescent Point Energy (CPG) Price Target Increased to C$14.00 by Analysts at Barclays
Several other research firms have also commented on CPG. Royal Bank of Canada upped their price target on shares of Crescent Point Energy from C$12.00 to C$13.00 and gave the stock a sector perform rating in a research report on Wednesday, January 10th. TD Securities upped their price target on shares of Crescent Point Energy from C$15.00 to C$15.50 and gave the stock a buy rating in a research report on Wednesday, January 10th. National Bank Financial upped their price target on shares of Crescent Point Energy from C$12.00 to C$16.00 and gave the stock an outperform rating in a research report on Tuesday, January 9th. Finally, BMO Capital Markets lowered their price target on shares of Crescent Point Energy from C$14.00 to C$13.00 in a research report on Tuesday, October 10th.
Crescent Point Energy (TSE:CPG) opened at C$10.59 on Wednesday. The company has a market cap of $5,780.00, a PE ratio of -9.90 and a beta of 1.13. Crescent Point Energy has a 12-month low of C$8.08 and a 12-month high of C$16.64.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 15th will be issued a $0.03 dividend. This represents a $0.36 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Tuesday, January 30th. Crescent Point Energy’s payout ratio is currently -33.64%.
In other Crescent Point Energy news, Director D. Hugh Gillard sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of C$9.08, for a total value of C$27,240.00. Also, Director Edward Goldthorpe purchased 15,000 shares of the business’s stock in a transaction on Monday, December 4th. The stock was acquired at an average cost of C$7.45 per share, with a total value of C$111,750.00. Insiders sold 15,786 shares of company stock valued at $156,541 in the last ninety days.
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Crescent Point Energy 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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