Barclays Increases Crescent Point Energy (CPG) Price Target to C$14.00
Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price target increased by investment analysts at Barclays from C$13.00 to C$14.00 in a research note issued on Wednesday. Barclays’ target price suggests a potential upside of 26.24% from the stock’s current price.
Several other research analysts have also recently weighed in on CPG. BMO Capital Markets lowered their target price on Crescent Point Energy from C$14.00 to C$13.00 in a report on Tuesday, October 10th. TD Securities lowered their target price on Crescent Point Energy from C$16.00 to C$15.00 and set a “buy” rating on the stock in a report on Friday, October 27th. National Bank Financial boosted their target price on Crescent Point Energy from C$12.00 to C$16.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Finally, Royal Bank of Canada boosted their target price on Crescent Point Energy from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 10th.
Crescent Point Energy (TSE CPG) traded up C$0.07 during mid-day trading on Wednesday, reaching C$11.09. The company had a trading volume of 2,529,113 shares, compared to its average volume of 3,550,000. Crescent Point Energy has a 12 month low of C$8.08 and a 12 month high of C$16.72. The firm has a market cap of $6,050.00, a PE ratio of -10.36 and a beta of 1.13.
In other news, Director Edward Goldthorpe purchased 15,000 shares of Crescent Point Energy stock in a transaction dated Monday, December 4th. The shares were purchased at an average price of C$7.45 per share, with a total value of C$111,750.00. Also, Director D. Hugh Gillard sold 3,000 shares of Crescent Point Energy 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 transaction of C$27,240.00. Over the last 90 days, insiders have sold 15,786 shares of company stock worth $156,541.
About Crescent Point Energy
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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