A number of other research firms have also weighed in on CPG. Barclays upped their price target on shares of Crescent Point Energy from C$11.00 to C$13.00 in a research report on Thursday, January 11th. CIBC upped their price target on shares of Crescent Point Energy from C$11.00 to C$12.50 in a research report on Tuesday, January 23rd. Royal Bank of Canada upped their price target on shares of Crescent Point Energy from C$12.00 to C$13.00 and gave the stock a sector perform rating in a research report on Wednesday, January 10th. TD Securities upped their price target on shares of Crescent Point Energy from C$15.00 to C$15.50 and gave the stock a buy rating in a research report on Wednesday, January 10th. Finally, National Bank Financial upped their price target on shares of Crescent Point Energy from C$12.00 to C$16.00 and gave the stock an outperform rating in a research report on Tuesday, January 9th.
CPG opened at C$9.75 on Friday. Crescent Point Energy has a 1-year low of C$8.08 and a 1-year high of C$14.47.
The business also recently announced a monthly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 15th will be issued a $0.03 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Friday, April 27th.
In related news, Director Scott Saxberg bought 11,400 shares of the stock in a transaction dated Monday, March 5th. The shares were purchased at an average price of C$8.79 per share, with a total value of C$100,206.00. Also, insider Mark Gordon Eade sold 2,500 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of C$11.10, for a total transaction of C$27,750.00. Insiders bought 33,883 shares of company stock worth $295,205 in the last three months.
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Crescent Point Energy Company Profile
Crescent Point Energy Corp. acquires, explores, develops, and produces light and medium oil and natural gas properties in Western Canada and the United States. The company's 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, and Utah.
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