Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its target price lifted by National Bank Financial from C$12.00 to C$16.00 in a research note published on Tuesday, January 9th. National Bank Financial currently has an outperform rating on the stock. National Bank Financial also issued estimates for Crescent Point Energy’s FY2017 earnings at ($0.02) EPS and FY2018 earnings at $0.33 EPS.
CPG has been the subject of a number of other research reports. Barclays lowered their price target on shares of Crescent Point Energy from C$12.00 to C$11.00 in a report on Monday, October 30th. BMO Capital Markets lowered their price target on shares of Crescent Point Energy from C$14.00 to C$13.00 in a report on Tuesday, October 10th. Finally, TD Securities lowered 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 report on Friday, October 27th.
Shares of Crescent Point Energy (TSE CPG) traded down C$0.47 during trading on Tuesday, hitting C$9.37. The stock had a trading volume of 4,870,000 shares, compared to its average volume of 3,810,000. The stock has a market capitalization of $5,110.00, a price-to-earnings ratio of -8.76 and a beta of 1.11. Crescent Point Energy has a 52-week low of C$8.08 and a 52-week high of C$16.64.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 15th will be paid a $0.03 dividend. This represents a $0.36 annualized dividend and a yield of 3.84%. The ex-dividend date is Tuesday, January 30th. Crescent Point Energy’s payout ratio is currently -33.64%.
In related news, Director Edward Goldthorpe purchased 15,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was purchased at an average price of C$7.45 per share, with a total value of C$111,750.00. Also, insider Mark Gordon Eade sold 2,500 shares of Crescent Point Energy stock in a transaction that occurred 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. In the last three months, insiders sold 10,500 shares of company stock valued at $101,090.
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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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