Crescent Point Energy Corp (CPG) Trading Up 6.8%
Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG)’s share price was up 6.8% during mid-day trading on Monday . The company traded as high as C$10.58 and last traded at C$11.19. Approximately 2,811,289 shares traded hands during trading, an increase of 2% from the average daily volume of 2,760,000 shares. The stock had previously closed at C$10.48.
A number of equities analysts recently issued reports on CPG shares. BMO Capital Markets dropped their target price on shares of Crescent Point Energy Corp from C$14.00 to C$13.00 in a research report on Tuesday, October 10th. Barclays PLC dropped their target price on shares of Crescent Point Energy Corp from C$12.00 to C$11.00 in a research report on Monday, October 30th. Royal Bank Of Canada dropped their target price on shares of Crescent Point Energy Corp from C$18.00 to C$14.00 in a research report on Thursday, July 20th. TD Securities dropped their target price on shares of Crescent Point Energy Corp from C$16.00 to C$15.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Finally, CIBC dropped their target price on shares of Crescent Point Energy Corp from C$18.00 to C$11.50 in a research report on Thursday, July 20th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$16.00.
The firm also recently declared a monthly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.36 dividend on an annualized basis and a yield of 3.25%.
In other news, insider Mark Gordon Eade sold 4,500 shares of the business’s stock in a transaction 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. Also, insider Tamara Macdonald sold 9,053 shares of the business’s stock in a transaction 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. Insiders have sold 32,839 shares of company stock worth $326,651 in the last quarter.
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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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