Crescent Point Energy (CPG) Trading -0.7% Higher After Analyst Upgrade

Shares of Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) traded up 0.7% during mid-day trading on Tuesday after Royal Bank of Canada raised their price target on the stock from C$12.00 to C$13.00. Royal Bank of Canada currently has a sector perform rating on the stock. Crescent Point Energy traded as high as C$10.21 and last traded at C$10.06. 3,619,762 shares traded hands during mid-day trading, an increase of 2% from the average session volume of 3,542,013 shares. The stock had previously closed at C$10.13.

CPG has been the subject of a number of other research reports. TD Securities dropped their price target on shares of Crescent Point Energy from C$16.00 to C$15.00 and set a “buy” rating for the company in a research note on Friday, October 27th. National Bank Financial lifted their price target on shares of Crescent Point Energy from C$12.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Tuesday. Barclays dropped their price target on shares of Crescent Point Energy from C$12.00 to C$11.00 in a research note on Monday, October 30th. Finally, BMO Capital Markets dropped their price target on shares of Crescent Point Energy from C$14.00 to C$13.00 in a research note on Tuesday, October 10th.

In other Crescent Point Energy news, insider Tamara Macdonald sold 5,000 shares of Crescent Point Energy stock in a transaction on Monday, December 11th. The shares were sold at an average price of C$9.22, for a total value of C$46,100.00. Also, Director D. Hugh Gillard sold 3,000 shares of Crescent Point Energy 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. In the last 90 days, insiders sold 15,786 shares of company stock valued at $156,541.

The firm has a market capitalization of $5,970.00, a price-to-earnings ratio of -10.22 and a beta of 1.13.

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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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