Crescent Point Energy (CPG) Trading -0.7% Higher on Analyst Upgrade

Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) shares traded up 0.7% on Tuesday after National Bank Financial raised their price target on the stock from C$12.00 to C$16.00. National Bank Financial currently has an outperform rating on the stock. Crescent Point Energy traded as high as C$10.21 and last traded at C$10.06. 3,619,762 shares changed hands during trading, an increase of 2% from the average session volume of 3,542,013 shares. The stock had previously closed at C$10.13.

A number of other research analysts have also recently weighed in on the stock. Barclays dropped their target price on shares of Crescent Point Energy from C$12.00 to C$11.00 in a research note on Monday, October 30th. TD Securities dropped their target price on shares of Crescent Point Energy from C$16.00 to C$15.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Finally, BMO Capital Markets dropped their target price on shares of Crescent Point Energy from C$14.00 to C$13.00 in a research note on Tuesday, October 10th.

In related news, insider Tamara Macdonald sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of C$9.22, for a total transaction of C$46,100.00. Also, Director D. Hugh Gillard sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of C$9.08, for a total transaction of C$27,240.00. Insiders have sold a total of 15,786 shares of company stock worth $156,541 over the last 90 days.

The stock has a market capitalization of $5,760.00, a P/E ratio of -9.40 and a beta of 1.13.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Markets Daily and is the sole property of of Markets Daily. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.themarketsdaily.com/2018/01/09/crescent-point-energy-cpg-trading-0-7-higher-on-analyst-upgrade.html.

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.

Receive News & Ratings for Crescent Point Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Point Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply