Crescent Point Energy Corp (CPG) Stock Price Up 5.2%

Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) rose 5.2% on Friday . The stock traded as high as C$9.49 and last traded at C$9.48. Approximately 3,290,491 shares traded hands during mid-day trading, an increase of 40% from the average daily volume of 2,353,080 shares. The stock had previously closed at C$9.01.

CPG has been the topic of several analyst reports. BMO Capital Markets cut their target price on shares of Crescent Point Energy Corp from C$14.00 to C$13.00 in a report on Tuesday, October 10th. Barclays PLC cut their target price on shares of Crescent Point Energy Corp from C$21.00 to C$12.00 in a report on Monday, July 24th. Royal Bank Of Canada cut their target price on shares of Crescent Point Energy Corp from C$18.00 to C$14.00 in a report on Thursday, July 20th. CIBC cut their target price on shares of Crescent Point Energy Corp from C$18.00 to C$11.50 in a report on Thursday, July 20th. Finally, TD Securities cut 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 report on Friday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$16.13.

The company’s market cap is $5.17 billion. The company has a 50 day moving average price of $9.45 and a 200 day moving average price of $10.52.

The business also recently announced a monthly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were given 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 dividend yield of 3.80%.

In other Crescent Point Energy Corp news, insider Clifford Neil Smith sold 6,000 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of C$10.30, for a total transaction of C$61,800.00. Also, insider Tamara Macdonald sold 9,053 shares of the company’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of C$9.90, for a total transaction of C$89,624.70. Insiders have sold a total of 25,999 shares of company stock worth $252,276 in the last quarter.

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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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