Crescent Point Energy Corp (CPG) Insider Sells C$65,520.00 in Stock
Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) insider Bradley Harlan Borggard sold 4,800 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of C$13.65, for a total transaction of C$65,520.00.
Crescent Point Energy Corp (TSE:CPG) traded up 1.06% on Monday, reaching $13.40. 2,516,276 shares of the company’s stock traded hands. Crescent Point Energy Corp has a 52-week low of $12.41 and a 52-week high of $24.01. The firm’s 50 day moving average price is $13.86 and its 200 day moving average price is $15.53. The firm’s market capitalization is $7.30 billion.
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A number of research analysts recently commented on the stock. TD Securities reiterated a “buy” rating and set a C$21.00 price objective on shares of Crescent Point Energy Corp in a research note on Friday, April 28th. Scotiabank reiterated an “outperform” rating and set a C$26.00 price objective on shares of Crescent Point Energy Corp in a research note on Friday, April 28th. Royal Bank of Canada lowered their price objective on shares of Crescent Point Energy Corp from C$21.00 to C$18.00 and set a “sector perform” rating on the stock in a research note on Friday, April 28th. Barclays PLC lowered their price objective on shares of Crescent Point Energy Corp from C$22.00 to C$21.00 in a research note on Monday, January 23rd. Finally, CIBC lowered their price objective on shares of Crescent Point Energy Corp from C$22.00 to C$20.00 in a research note on Wednesday, January 25th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$22.75.
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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