Insider Buying: Crescent Point Energy Corp (CPG) Director Acquires 13,500 Shares of Stock

Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) Director Craig Stephen Bryksa bought 13,500 shares of the stock in a transaction dated Monday, October 29th. The stock was purchased at an average price of C$6.77 per share, with a total value of C$91,395.00.

Shares of TSE:CPG opened at C$6.25 on Friday. Crescent Point Energy Corp has a twelve month low of C$5.69 and a twelve month high of C$11.81.

The firm also recently announced a monthly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $0.36 dividend on an annualized basis and a yield of 5.76%.

CPG has been the subject of a number of research analyst reports. Canaccord Genuity decreased their price objective on shares of Crescent Point Energy from C$15.00 to C$13.00 in a report on Tuesday, October 16th. Raymond James decreased their price objective on shares of Crescent Point Energy from C$13.00 to C$11.00 in a report on Friday, October 5th. Eight Capital decreased their price objective on shares of Crescent Point Energy from C$15.00 to C$13.50 in a report on Friday, July 27th. BMO Capital Markets decreased their price objective on shares of Crescent Point Energy from C$15.00 to C$13.50 in a report on Friday, July 27th. Finally, CIBC raised their price objective on shares of Crescent Point Energy from C$12.50 to C$13.00 in a report on Friday, July 20th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of C$12.14.

Crescent Point Energy Company Profile

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.

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

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