Shares of Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) have received a consensus recommendation of “Buy” from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$19.68.

Several brokerages have recently weighed in on CPG. TD Securities reaffirmed 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. CIBC decreased their price target on shares of Crescent Point Energy Corp from C$18.00 to C$11.50 in a research note on Thursday, July 20th. Scotiabank reaffirmed 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. Royal Bank Of Canada decreased their price target on shares of Crescent Point Energy Corp from C$18.00 to C$14.00 in a research note on Thursday, July 20th. Finally, Barclays PLC decreased their price target on shares of Crescent Point Energy Corp from C$21.00 to C$12.00 in a research note on Monday, July 24th.

Crescent Point Energy Corp (CPG) traded down 0.403% during mid-day trading on Friday, reaching $8.645. 1,223,609 shares of the company’s stock traded hands. Crescent Point Energy Corp has a 1-year low of $8.51 and a 1-year high of $21.90. The stock’s market cap is $4.72 billion. The firm has a 50-day moving average price of $9.35 and a 200-day moving average price of $12.52.

The company also recently announced a monthly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were paid a $0.03 dividend. The ex-dividend date was Thursday, July 27th. This represents a $0.36 annualized dividend and a dividend yield of 4.15%.

In other news, insider Mark Gordon Eade bought 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was acquired at an average cost of C$11.12 per share, with a total value of C$66,720.00. Also, insider Bradley Harlan Borggard sold 3,800 shares of the firm’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of C$9.87, for a total transaction of C$37,506.00. Over the last three months, insiders purchased 7,000 shares of company stock valued at $77,940 and sold 25,993 shares valued at $251,402.

ILLEGAL ACTIVITY WARNING: “Crescent Point Energy Corp (CPG) Given Consensus Rating of “Buy” by Analysts” was first posted by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/08/18/crescent-point-energy-corp-cpg-given-consensus-rating-of-buy-by-analysts.html.

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)

Receive News & Ratings for Crescent Point Energy Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Point Energy Corp and related companies with MarketBeat.com's FREE daily email newsletter.