Insider Buying: Crescent Point Energy (CPG) Director Purchases 1,400 Shares of Stock

Crescent Point Energy (TSE:CPG) (NYSE:CPG) Director Scott Saxberg purchased 1,400 shares of the stock in a transaction dated Wednesday, May 23rd. The stock was bought at an average cost of C$10.59 per share, with a total value of C$14,826.00.

Scott Saxberg also recently made the following trade(s):

  • On Friday, May 18th, Scott Saxberg purchased 2,300 shares of Crescent Point Energy stock. The stock was bought at an average cost of C$10.92 per share, with a total value of C$25,116.00.
  • On Wednesday, March 28th, Scott Saxberg bought 5,883 shares of Crescent Point Energy stock. The shares were acquired at an average cost of C$8.52 per share, with a total value of C$50,123.16.
  • On Monday, March 19th, Scott Saxberg bought 5,000 shares of Crescent Point Energy stock. The shares were acquired at an average cost of C$9.00 per share, with a total value of C$45,000.00.
  • On Monday, March 12th, Scott Saxberg bought 11,600 shares of Crescent Point Energy stock. The shares were acquired at an average cost of C$8.61 per share, with a total value of C$99,876.00.
  • On Monday, March 5th, Scott Saxberg bought 11,400 shares of Crescent Point Energy stock. The shares were acquired at an average cost of C$8.79 per share, with a total value of C$100,206.00.

Crescent Point Energy traded down C$0.28, reaching C$10.58, during trading hours on Wednesday, according to Marketbeat. 3,350,639 shares of the company’s stock were exchanged, compared to its average volume of 3,951,087. Crescent Point Energy has a one year low of C$8.08 and a one year high of C$13.25.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last posted its earnings results on Thursday, March 1st. The company reported C($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.16). The business had revenue of C$916.00 million for the quarter, compared to the consensus estimate of C$875.60 million. Crescent Point Energy had a return on equity of 2.23% and a net margin of 6.44%.

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 15th were paid a dividend of $0.03 per share. The ex-dividend date was Friday, April 27th. This represents a $0.36 annualized dividend and a dividend yield of 3.40%.

A number of analysts recently issued reports on the company. TD Securities lowered their target price on Crescent Point Energy from C$15.50 to C$14.50 and set a “buy” rating for the company in a research note on Friday, March 2nd. National Bank Financial lowered their target price on Crescent Point Energy from C$15.50 to C$14.50 and set an “outperform” rating for the company in a research note on Friday, May 4th. Raymond James increased their target price on Crescent Point Energy from C$10.00 to C$13.00 in a research note on Tuesday, April 24th. CIBC increased their target price on Crescent Point Energy from C$11.50 to C$12.50 in a research note on Friday, May 18th. Finally, Barclays lowered their target price on Crescent Point Energy from C$14.00 to C$12.00 in a research note on Friday, March 2nd.

About Crescent Point Energy

Crescent Point Energy Corp. acquires, explores, develops, and produces light and medium oil and natural gas properties in Western Canada and the United States. The company's 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, and Utah.

Insider Buying and Selling by Quarter for Crescent Point Energy (TSE:CPG)

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