Crescent Point Energy (CPG) Given New C$15.50 Price Target at TD Securities

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price target lifted by TD Securities from C$15.00 to C$15.50 in a report published on Wednesday morning. They currently have a buy rating on the stock.

Several other research analysts also recently commented on CPG. National Bank Financial lifted their price target on Crescent Point Energy from C$12.00 to C$16.00 and gave the stock an outperform rating in a research report on Tuesday. BMO Capital Markets dropped their price target on Crescent Point Energy from C$14.00 to C$13.00 in a research report on Tuesday, October 10th. Finally, Barclays dropped their price target on Crescent Point Energy from C$12.00 to C$11.00 in a research report on Monday, October 30th.

Crescent Point Energy (TSE:CPG) opened at C$11.25 on Wednesday. The company 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 1 year low of C$8.08 and a 1 year high of C$17.14.

In other news, insider Mark Gordon Eade sold 6,500 shares of the business’s 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 transaction of C$70,200.00. Also, Director Edward Goldthorpe acquired 15,000 shares of the stock in a transaction dated Monday, December 4th. The shares were purchased at an average price of C$7.45 per share, for a total transaction of C$111,750.00. Over the last ninety days, insiders 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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