Crescent Point Energy (CPG) Given New C$16.00 Price Target at National Bank Financial

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price objective lifted by National Bank Financial from C$12.00 to C$16.00 in a research note published on Tuesday morning. The firm currently has an outperform rating on the stock.

A number of other research firms have also recently commented on CPG. BMO Capital Markets cut their target price on Crescent Point Energy from C$14.00 to C$13.00 in a research note on Tuesday, October 10th. Barclays cut their target price on Crescent Point Energy from C$12.00 to C$11.00 in a research note on Monday, October 30th. Finally, TD Securities cut their target price on 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.

Shares of Crescent Point Energy (TSE CPG) traded up C$0.47 during mid-day trading on Tuesday, reaching C$10.94. The company’s stock had a trading volume of 7,100,000 shares, compared to its average volume of 3,210,000. Crescent Point Energy has a fifty-two week low of C$8.08 and a fifty-two week high of C$17.27. The stock has a market capitalization of $5,970.00, a P/E ratio of -10.22 and a beta of 1.13.

In related news, insider Mark Gordon Eade sold 6,500 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of C$10.80, for a total value of C$70,200.00. Also, Director D. Hugh Gillard sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of C$9.08, for a total value of C$27,240.00. In the last ninety days, insiders have sold 15,786 shares of company stock worth $156,541.

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About Crescent Point Energy

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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