Crescent Point Energy Corp (CPG) Insider Acquires C$66,720.00 in Stock
Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) insider Mark Gordon Eade acquired 6,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was acquired at an average price of C$11.12 per share, for a total transaction of C$66,720.00.
Crescent Point Energy Corp (TSE CPG) traded up 2.37% during midday trading on Friday, reaching $11.24. The company’s stock had a trading volume of 4,916,134 shares. The firm has a 50 day moving average price of $12.51 and a 200-day moving average price of $14.91. Crescent Point Energy Corp has a 52 week low of $10.82 and a 52 week high of $22.00. The firm’s market cap is $6.13 billion.
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Several brokerages recently issued reports on CPG. TD Securities restated a “buy” rating and set a C$21.00 price target on shares of Crescent Point Energy Corp in a research note on Friday, April 28th. Scotiabank restated an “outperform” rating and set a C$26.00 price target on shares of Crescent Point Energy Corp in a research note on Friday, April 28th. Finally, Royal Bank of Canada lowered their price target on 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. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Crescent Point Energy Corp has a consensus rating of “Buy” and an average 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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