Crescent Point Energy (TSE:CPG) PT Raised to C$13.00 at Barclays

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price objective increased by Barclays from C$11.00 to C$13.00 in a research report sent to investors on Thursday, January 11th.

A number of other equities research analysts also recently commented 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 report on Tuesday, October 10th. TD Securities dropped their target price 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. National Bank Financial increased their target price on shares of Crescent Point Energy from C$12.00 to C$16.00 and gave the company an outperform rating in a report on Tuesday, January 9th. Finally, Royal Bank of Canada raised their price objective on shares of Crescent Point Energy from C$12.00 to C$13.00 and gave the stock a sector perform rating in a research note on Wednesday, January 10th.

Shares of Crescent Point Energy (TSE CPG) opened at C$9.37 on Thursday. The company has a market cap of $5,110.00, a PE ratio of -8.76 and a beta of 1.11. Crescent Point Energy has a 12-month low of C$8.08 and a 12-month high of C$16.64.

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 15th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.36 annualized dividend and a dividend yield of 3.84%. Crescent Point Energy’s payout ratio is -33.64%.

In related news, insider Mark Gordon Eade sold 2,500 shares of Crescent Point Energy stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of C$11.10, for a total transaction of C$27,750.00. 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. Insiders have sold a total of 10,500 shares of company stock worth $101,090 in 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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