Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) insider Tamara Macdonald sold 9,053 shares of the stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of C$9.90, for a total value of C$89,624.70.
Crescent Point Energy Corp (TSE:CPG) opened at 9.70 on Friday. The company’s market capitalization is $5.29 billion. Crescent Point Energy Corp has a 52-week low of $8.08 and a 52-week high of $19.38. The company’s 50-day moving average price is $9.09 and its 200 day moving average price is $11.06.
The business also recently disclosed a monthly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.36 dividend on an annualized basis and a yield of 3.71%.
CPG has been the topic of several recent research reports. National Bank Financial reduced their price target on Crescent Point Energy Corp from C$18.50 to C$14.00 in a research report on Friday, June 23rd. Royal Bank Of Canada reduced their price target on Crescent Point Energy Corp from C$18.00 to C$14.00 in a research report on Thursday, July 20th. CIBC reduced their price target on Crescent Point Energy Corp from C$18.00 to C$11.50 in a research report on Thursday, July 20th. Finally, Barclays PLC reduced their price target on Crescent Point Energy Corp from C$21.00 to C$12.00 in a research report on Monday, July 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Crescent Point Energy Corp presently has a consensus rating of “Buy” and an average target price of C$18.56.
About Crescent Point Energy Corp
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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