Insider Selling: Crescent Point Energy Corp (CPG) Director Sells 2,000 Shares of Stock
Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) Director Gerald A. Romanzin sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of C$8.87, for a total transaction of C$17,740.00.
Crescent Point Energy Corp (TSE CPG) traded up 0.12% during trading on Wednesday, hitting $8.66. 2,778,377 shares of the stock traded hands. The firm’s 50-day moving average is $9.44 and its 200 day moving average is $12.58. Crescent Point Energy Corp has a 52 week low of $8.51 and a 52 week high of $22.00. The stock’s market cap is $4.72 billion.
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were given a $0.03 dividend. The ex-dividend date was Thursday, July 27th. This represents a $0.36 annualized dividend and a dividend yield of 4.16%.
Several equities analysts have commented on CPG shares. Royal Bank Of Canada lowered their target price on shares of Crescent Point Energy Corp from C$21.00 to C$18.00 and set a “sector perform” rating on the stock in a research note on Friday, April 28th. Scotiabank reissued an “outperform” rating and set a C$26.00 target price on shares of Crescent Point Energy Corp in a research note on Friday, April 28th. TD Securities reissued a “buy” rating and set a C$21.00 target price on shares of Crescent Point Energy Corp in a research note on Friday, April 28th. National Bank Financial lowered their target price on shares of Crescent Point Energy Corp from C$18.50 to C$14.00 in a research note on Friday, June 23rd. Finally, CIBC lowered their target price on shares of Crescent Point Energy Corp from C$18.00 to C$11.50 in a research note on Thursday, July 20th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Crescent Point Energy Corp has an average rating of “Buy” and an average target price of C$19.68.
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.
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