Crescent Point Energy (CPG) PT Raised to C$13.00

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its target price upped by Barclays from C$11.00 to C$13.00 in a report issued on Thursday morning.

CPG has been the topic of several other reports. TD Securities lowered 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 report on Friday, October 27th. BMO Capital Markets lowered their target price on Crescent Point Energy from C$14.00 to C$13.00 in a research report on Tuesday, October 10th. National Bank Financial lifted their target price on Crescent Point Energy from C$12.00 to C$16.00 and gave the company an outperform rating in a research report on Tuesday. Finally, Royal Bank of Canada lifted their target price on Crescent Point Energy from C$12.00 to C$13.00 and gave the company a sector perform rating in a research report on Wednesday.

Crescent Point Energy (TSE:CPG) traded down C$0.13 during midday trading on Thursday, reaching C$11.25. The company had a trading volume of 4,631,200 shares, compared to its average volume of 3,520,000. The stock has a market capitalization of $6,140.00, a P/E ratio of -10.51 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 related news, insider Mark Gordon Eade sold 6,500 shares of Crescent Point Energy stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of C$10.80, for a total transaction of C$70,200.00. Also, Director Edward Goldthorpe purchased 15,000 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were acquired at an average cost of C$7.45 per share, for a total transaction of C$111,750.00. Insiders have sold 15,786 shares of company stock worth $156,541 over the last quarter.

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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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