Tamara Macdonald Sells 9,053 Shares of Crescent Point Energy Corp (CPG) Stock
Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) insider Tamara Macdonald sold 9,053 shares of Crescent Point Energy Corp stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of C$9.90, for a total value of C$89,624.70.
Crescent Point Energy Corp (TSE CPG) traded down 4.06% during trading on Friday, reaching $9.70. The company’s stock had a trading volume of 2,531,685 shares. The stock’s market capitalization is $5.29 billion. Crescent Point Energy Corp has a 1-year low of $8.08 and a 1-year high of $19.38. The stock has a 50 day moving average price of $9.09 and a 200 day moving average price of $11.06.
The business also recently declared a monthly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be given a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Thursday, September 28th.
CPG has been the topic of several analyst reports. National Bank Financial cut their target price on 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 target price on Crescent Point Energy Corp from C$18.00 to C$14.00 in a research note on Thursday, July 20th. CIBC cut their target price on Crescent Point Energy Corp from C$18.00 to C$11.50 in a research note on Thursday, July 20th. Finally, Barclays PLC cut their target price on Crescent Point Energy Corp from C$21.00 to C$12.00 in a research note on Monday, July 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently 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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