Crescent Point Energy Corp (CPG) Price Target Cut to C$12.00

Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) had its target price dropped by equities research analysts at Barclays PLC from C$21.00 to C$12.00 in a research report issued on Monday, July 24th. Barclays PLC’s price objective suggests a potential upside of 39.37% from the company’s current price.

A number of other research firms also recently weighed in on CPG. Scotiabank reaffirmed an “outperform” rating and set a C$26.00 price objective on shares of Crescent Point Energy Corp in a report on Friday, April 28th. TD Securities reiterated a “buy” rating and issued a C$21.00 target price on shares of Crescent Point Energy Corp in a research note on Friday, April 28th. Royal Bank Of Canada cut their target price on shares of Crescent Point Energy Corp from C$21.00 to C$18.00 and set a “sector perform” rating for the company in a research note on Friday, April 28th. National Bank Financial cut their target price on shares of Crescent Point Energy Corp from C$18.50 to C$14.00 in a research note on Friday, June 23rd. Finally, CIBC cut their target price on shares of Crescent Point Energy Corp from C$18.00 to C$11.50 in a research note on Thursday, July 20th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Crescent Point Energy Corp presently has a consensus rating of “Buy” and a consensus price target of C$19.68.

Shares of Crescent Point Energy Corp (TSE CPG) traded down 0.81% during mid-day trading on Monday, hitting $8.61. The stock had a trading volume of 1,591,669 shares. Crescent Point Energy Corp has a one year low of $8.51 and a one year high of $21.46. The stock’s market cap is $4.70 billion. The firm has a 50 day moving average of $9.31 and a 200 day moving average of $12.48.

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In other news, insider Mark Gordon Eade purchased 6,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was bought at an average price of C$11.12 per share, with a total value of C$66,720.00. Also, insider Tamara Macdonald sold 9,247 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of C$9.39, for a total transaction of C$86,829.33. In the last ninety days, insiders have acquired 7,000 shares of company stock valued at $77,940 and have sold 25,993 shares valued at $251,402.

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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