Crescent Point Energy (CPG) Price Target Raised to C$13.00 at Royal Bank of Canada

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its target price upped by stock analysts at Royal Bank of Canada from C$12.00 to C$13.00 in a research note issued on Wednesday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 14.24% from the company’s current price.

A number of other equities research analysts have also recently commented on CPG. TD Securities increased their price objective on shares of Crescent Point Energy from C$15.00 to C$15.50 and gave the company a “buy” rating in a research note on Wednesday. National Bank Financial increased their price objective on shares of Crescent Point Energy from C$12.00 to C$16.00 and gave the company an “outperform” rating in a research note on Tuesday. BMO Capital Markets lowered their price objective on shares of Crescent Point Energy from C$14.00 to C$13.00 in a research note on Tuesday, October 10th. Finally, Barclays lowered their price objective on shares of Crescent Point Energy from C$12.00 to C$11.00 in a research note on Monday, October 30th.

Shares of Crescent Point Energy (CPG) opened at C$11.38 on Wednesday. The company has a market cap of $6,210.00, a PE ratio of -10.64 and a beta of 1.13. Crescent Point Energy has a 12 month low of C$8.08 and a 12 month high of C$17.14.

In other Crescent Point Energy news, Director D. Hugh Gillard sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of C$9.08, for a total value of C$27,240.00. Also, insider Mark Gordon Eade sold 6,500 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of C$10.80, for a total transaction of C$70,200.00. Over the last 90 days, insiders sold 15,786 shares of company stock worth $156,541.

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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.

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