Crescent Point Energy Corp (CPG) Director Gerald A. Romanzin Sells 2,000 Shares
Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) Director Gerald A. Romanzin sold 2,000 shares of Crescent Point Energy Corp stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of C$8.87, for a total transaction of C$17,740.00.
Shares of Crescent Point Energy Corp (TSE CPG) traded up 0.12% during mid-day trading on Wednesday, hitting $8.66. 2,778,377 shares of the stock traded hands. The firm’s 50 day moving average price is $9.44 and its 200-day moving average price is $12.58. Crescent Point Energy Corp has a 12-month low of $8.51 and a 12-month high of $22.00. The stock’s market cap is $4.72 billion.
The company also recently disclosed a monthly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were issued a $0.03 dividend. The ex-dividend date was Thursday, July 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.16%.
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A number of research analysts have commented on the stock. Scotiabank restated an “outperform” rating and issued a C$26.00 price objective on shares of Crescent Point Energy Corp in a research note on Friday, April 28th. TD Securities restated a “buy” rating and issued a C$21.00 price objective on shares of Crescent Point Energy Corp in a research note on Friday, April 28th. Royal Bank Of Canada dropped 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. National Bank Financial dropped their price objective on shares of Crescent Point Energy Corp from C$18.50 to C$14.00 in a research note on Friday, June 23rd. Finally, CIBC dropped their price objective on shares of Crescent Point Energy Corp from C$18.00 to C$11.50 in a research note on Thursday, July 20th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$19.68.
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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