Crescent Point Energy (CPG) PT Raised to C$15.50

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its target price increased by TD Securities from C$15.00 to C$15.50 in a research note published on Wednesday morning. The firm currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on CPG. BMO Capital Markets reduced 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. Barclays dropped their target price on shares of Crescent Point Energy from C$12.00 to C$11.00 in a report on Monday, October 30th. Finally, National Bank Financial increased their target price 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, January 9th.

Shares of Crescent Point Energy (TSE:CPG) opened at C$11.25 on Wednesday. The stock has a market cap of $6,140.00, a PE ratio of -10.51 and a beta of 1.13. Crescent Point Energy has a one year low of C$8.08 and a one year high of C$17.14.

In related news, Director D. Hugh Gillard sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of C$10.80, for a total transaction of C$70,200.00. Insiders sold 15,786 shares of company stock valued at $156,541 in the last three months.

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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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