Crescent Point Energy Corp. (TSE:CPG – Get Free Report) (NYSE:CPG) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$10.30 and traded as high as C$10.49. Crescent Point Energy shares last traded at C$10.43, with a volume of 3,904,895 shares traded.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on CPG. ATB Capital boosted their price target on Crescent Point Energy from C$12.00 to C$13.00 in a report on Monday, April 22nd. CIBC upped their target price on shares of Crescent Point Energy from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Stifel Nicolaus raised their target price on shares of Crescent Point Energy from C$14.25 to C$16.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. National Bankshares boosted their price target on shares of Crescent Point Energy from C$14.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Finally, Desjardins increased their price objective on shares of Crescent Point Energy from C$14.00 to C$15.00 and gave the company a “buy” rating in a report on Monday, May 13th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$14.80.
Get Our Latest Report on Crescent Point Energy
Crescent Point Energy Trading Up 2.1 %
Crescent Point Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Saturday, June 15th will be issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date is Friday, June 14th. Crescent Point Energy’s dividend payout ratio (DPR) is 93.88%.
Insider Activity at Crescent Point Energy
In other Crescent Point Energy news, Senior Officer Mark Gordon Eade sold 34,497 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$11.83, for a total transaction of C$408,099.51. 0.50% of the stock is currently owned by insiders.
Crescent Point Energy Company Profile
Crescent Point Energy Corp. explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota.
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