Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) – Analysts at National Bank Financial increased their FY2017 EPS estimates for shares of Crescent Point Energy Corp in a research note issued on Thursday. National Bank Financial analyst T. Wood now expects that the company will earn $0.34 per share for the year, up from their prior estimate of $0.27.
A number of other equities analysts also recently commented on the stock. Royal Bank Of Canada reduced their price objective on shares of Crescent Point Energy Corp from C$21.00 to C$18.00 and set a “sector perform” rating for the company in a report on Friday, April 28th. Scotiabank reaffirmed an “outperform” rating and set a C$26.00 price objective on shares of Crescent Point Energy Corp in a report on Friday, April 28th. TD Securities reaffirmed a “buy” rating and set a C$21.00 price objective on shares of Crescent Point Energy Corp in a report on Friday, April 28th. CIBC reduced their price objective on shares of Crescent Point Energy Corp from C$18.00 to C$11.50 in a report on Thursday, July 20th. Finally, Barclays PLC reduced their price objective on shares of Crescent Point Energy Corp from C$21.00 to C$12.00 in a report on Monday, July 24th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of C$20.21.
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Crescent Point Energy Corp (CPG) traded up 0.84% during midday trading on Monday, hitting $9.58. 1,006,915 shares of the stock traded hands. Crescent Point Energy Corp has a 1-year low of $8.97 and a 1-year high of $22.00. The company has a 50-day moving average of $9.89 and a 200-day moving average of $13.05. The stock’s market cap is $5.23 billion.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a $0.03 dividend. This represents a $0.36 annualized dividend and a yield of 3.79%. The ex-dividend date is Thursday, July 27th.
In other Crescent Point Energy Corp news, insider Mark Gordon Eade bought 6,000 shares of Crescent Point Energy Corp stock in a transaction dated Thursday, June 15th. The shares were bought at an average price of C$11.12 per share, with a total value of C$66,720.00. Also, insider Steven George Toews sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 4th. The shares were sold at an average price of C$10.05, for a total transaction of C$100,500.00. In the last 90 days, insiders acquired 7,500 shares of company stock valued at $84,440 and sold 27,847 shares valued at $290,355.
Crescent Point Energy Corp 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, Colorado, and Utah.
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