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

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price target hoisted by Royal Bank of Canada from C$12.00 to C$13.00 in a report published on Wednesday. The firm currently has a sector perform rating on the stock.

Other research analysts have also issued reports about the stock. BMO Capital Markets decreased their price objective on shares of Crescent Point Energy from C$14.00 to C$13.00 in a report on Tuesday, October 10th. Barclays decreased their price objective on shares of Crescent Point Energy from C$12.00 to C$11.00 in a report on Monday, October 30th. TD Securities decreased their price objective on shares of Crescent Point Energy from C$16.00 to C$15.00 and set a buy rating for the company in a report on Friday, October 27th. Finally, National Bank Financial upped their price objective on shares of Crescent Point Energy from C$12.00 to C$16.00 and gave the stock an outperform rating in a report on Tuesday.

Crescent Point Energy (CPG) traded up C$0.44 during trading hours on Wednesday, reaching C$11.38. 7,285,300 shares of the company were exchanged, compared to its average volume of 3,380,000. Crescent Point Energy has a 52 week low of C$8.08 and a 52 week high of C$17.15. The company has a market cap of $6,210.00, a price-to-earnings ratio of -10.64 and a beta of 1.13.

In related news, Director Edward Goldthorpe acquired 15,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was acquired at an average cost of C$7.45 per share, for a total transaction of C$111,750.00. Also, Director D. Hugh Gillard sold 3,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of C$9.08, for a total transaction of C$27,240.00. Insiders sold a total of 15,786 shares of company stock valued at $156,541 over the last 90 days.

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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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