Insider Selling: Crescent Point Energy Corp (CPG) Insider Sells C$44,325.00 in Stock
Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) insider Mark Gordon Eade sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of C$9.85, for a total value of C$44,325.00.
Shares of Crescent Point Energy Corp (CPG) opened at 10.35 on Thursday. The company’s market cap is $5.65 billion. Crescent Point Energy Corp has a 52 week low of $8.08 and a 52 week high of $19.38. The firm’s 50-day moving average price is $8.75 and its 200 day moving average price is $11.45.
The firm also recently declared a monthly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.36 dividend on an annualized basis and a yield of 3.51%.
A number of research analysts recently issued reports on the company. CIBC reduced their price objective on Crescent Point Energy Corp from C$18.00 to C$11.50 in a research report on Thursday, July 20th. National Bank Financial reduced their price objective on Crescent Point Energy Corp from C$18.50 to C$14.00 in a research report on Friday, June 23rd. Royal Bank Of Canada reduced their price objective on Crescent Point Energy Corp from C$18.00 to C$14.00 in a research report on Thursday, July 20th. Finally, Barclays PLC reduced their price objective on Crescent Point Energy Corp from C$21.00 to C$12.00 in a research report on Monday, July 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$18.56.
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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