Barclays Increases Crescent Point Energy (CPG) Price Target to C$14.00

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its target price lifted by Barclays from C$13.00 to C$14.00 in a report issued on Wednesday, January 17th.

A number of other brokerages have also issued reports on CPG. BMO Capital Markets dropped their price target on shares of Crescent Point Energy from C$14.00 to C$13.00 in a research note on Tuesday, October 10th. TD Securities boosted their price target on shares of Crescent Point Energy from C$15.00 to C$15.50 and gave the stock a buy rating in a research note on Wednesday, January 10th. National Bank Financial boosted their price target on shares of Crescent Point Energy from C$12.00 to C$16.00 and gave the stock an outperform rating in a research note on Tuesday, January 9th. Finally, Royal Bank of Canada boosted their price target 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.

Crescent Point Energy (TSE CPG) traded down C$0.13 during midday trading on Wednesday, reaching C$8.71. 4,628,300 shares of the company’s stock were exchanged, compared to its average volume of 4,050,000. Crescent Point Energy has a one year low of C$8.08 and a one year high of C$16.64. The firm has a market capitalization of $4,750.00, a price-to-earnings ratio of -8.14 and a beta of 1.11.

The business also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 15th will be given 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 yield of 4.13%. Crescent Point Energy’s payout ratio is currently -33.64%.

In other Crescent Point Energy news, Director D. Hugh Gillard sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of C$9.08, for a total value of C$27,240.00. Also, Director Edward Goldthorpe purchased 15,000 shares of Crescent Point Energy stock in a transaction on Monday, December 4th. The stock was acquired at an average cost of C$7.45 per share, for a total transaction of C$111,750.00. Insiders have sold 10,500 shares of company stock worth $101,090 over the last 90 days.

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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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