Crescent Point Energy Corp (CPG) Receives Average Recommendation of “Buy” from Analysts

Shares of Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) have received a consensus recommendation of “Buy” from the ten brokerages that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$19.20.

A number of research firms have recently issued reports on CPG. CIBC dropped their price objective on shares of Crescent Point Energy Corp from C$18.00 to C$11.50 in a report on Thursday, July 20th. National Bank Financial dropped their price objective on shares of Crescent Point Energy Corp from C$18.50 to C$14.00 in a report on Friday, June 23rd. Royal Bank Of Canada lowered 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. Finally, Barclays PLC lowered their price target on shares of Crescent Point Energy Corp from C$21.00 to C$12.00 in a research note on Monday, July 24th.

Crescent Point Energy Corp (TSE CPG) traded up 2.695% during mid-day trading on Tuesday, reaching $8.575. The company had a trading volume of 1,653,286 shares. The firm has a 50-day moving average price of $8.91 and a 200 day moving average price of $11.73. The firm’s market capitalization is $4.68 billion. Crescent Point Energy Corp has a 12-month low of $8.08 and a 12-month high of $19.38.

The firm also recently declared a monthly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were paid a $0.03 dividend. This represents a $0.36 annualized dividend and a yield of 4.31%. The ex-dividend date was Thursday, July 27th.

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In other Crescent Point Energy Corp news, insider Tamara Macdonald sold 9,247 shares of the business’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of C$9.39, for a total value of C$86,829.33. Also, Director Gerald A. Romanzin sold 3,500 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of C$8.56, for a total transaction of C$29,960.00. Over the last three months, insiders acquired 6,500 shares of company stock valued at $71,815 and sold 29,493 shares valued at $281,362.

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.

Analyst Recommendations for Crescent Point Energy Corp (TSE:CPG)

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