Crescent Point Energy Corp (CPG) Price Target Lowered to C$14.00 at National Bank Financial
Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) had its price target reduced by investment analysts at National Bank Financial from C$18.50 to C$14.00 in a research note issued to investors on Friday. National Bank Financial’s price target suggests a potential upside of 39.03% from the stock’s current price.
CPG has been the subject of several other reports. Scotiabank reaffirmed an “outperform” rating and set a C$27.50 price objective on shares of Crescent Point Energy Corp in a report on Monday, February 27th. Royal Bank Of Canada decreased their price objective on shares of Crescent Point Energy Corp from C$21.00 to C$18.00 and set a “sector perform” rating for the company in a report on Friday, April 28th. Finally, TD Securities reaffirmed a “buy” rating and set a C$21.00 price objective on shares of Crescent Point Energy Corp in a report on Friday, April 28th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of C$22.00.
Shares of Crescent Point Energy Corp (CPG) traded up 0.60% during trading on Friday, hitting $10.13. 1,913,316 shares of the stock were exchanged. The stock’s market cap is $5.52 billion. Crescent Point Energy Corp has a 12-month low of $9.97 and a 12-month high of $22.00. The stock’s 50 day moving average is $12.31 and its 200-day moving average is $14.76.
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In related news, insider Bradley Harlan Borggard sold 4,800 shares of the company’s stock in a transaction 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. Also, insider Mark Gordon Eade bought 6,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were bought at an average price of C$11.12 per share, with a total value of C$66,720.00. Over the last quarter, insiders have purchased 8,250 shares of company stock valued at $95,080.
Crescent Point Energy Corp 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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