Insider Selling: Crescent Point Energy Corp (CPG) Director Sells 3,000 Shares of Stock
Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) Director D. Hugh Gillard sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of C$9.08, for a total value of C$27,240.00.
Shares of Crescent Point Energy Corp (TSE CPG) traded down C$0.35 on Thursday, reaching C$8.70. The company had a trading volume of 3,613,387 shares, compared to its average volume of 2,670,124. Crescent Point Energy Corp has a 52-week low of C$8.08 and a 52-week high of C$19.16.
Several equities analysts have recently commented on CPG shares. BMO Capital Markets reduced their target price on Crescent Point Energy from C$14.00 to C$13.00 in a research note on Tuesday, October 10th. Barclays reduced their target price on Crescent Point Energy from C$12.00 to C$11.00 in a research note on Monday, October 30th. Finally, TD Securities reduced their target price on Crescent Point Energy from C$16.00 to C$15.00 and set a “buy” rating for the company in a research note on Friday, October 27th.
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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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