Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) has been assigned a consensus rating of “Buy” from the twelve brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$20.96.

A number of analysts recently weighed in on CPG shares. Royal Bank Of Canada reduced their price objective on shares of Crescent Point Energy Corp from C$18.00 to C$14.00 in a research report on Thursday. CIBC reduced their target price on shares of Crescent Point Energy Corp from C$18.00 to C$11.50 in a research report on Thursday. National Bank Financial reduced their target price on shares of Crescent Point Energy Corp from C$18.50 to C$14.00 in a research report on Friday, June 23rd. TD Securities reaffirmed a “buy” rating and set a C$21.00 target price on shares of Crescent Point Energy Corp in a research report on Friday, April 28th. Finally, Scotiabank reaffirmed an “outperform” rating and set a C$26.00 target price on shares of Crescent Point Energy Corp in a research report on Friday, April 28th.

In other Crescent Point Energy Corp news, insider Mark Gordon Eade acquired 6,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were purchased at an average cost of C$11.12 per share, for a total transaction of C$66,720.00. Also, insider Tamara Macdonald sold 9,247 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of C$9.39, for a total transaction of C$86,829.33. Over the last quarter, insiders have bought 8,500 shares of company stock worth $97,630 and have sold 27,847 shares worth $290,355.

Crescent Point Energy Corp (TSE CPG) traded down 1.09% during mid-day trading on Monday, reaching $9.11. The company’s stock had a trading volume of 837,808 shares. The stock’s market cap is $4.96 billion. Crescent Point Energy Corp has a one year low of $8.99 and a one year high of $22.00. The firm’s 50 day moving average is $10.37 and its 200-day moving average is $13.53.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.03 per share. The ex-dividend date is Thursday, July 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.90%.

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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.

Analyst Recommendations for Crescent Point Energy Corp (TSE:CPG)

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