Royal Bank of Canada Raises Crescent Point Energy (CPG) Price Target to C$13.00

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price target boosted by Royal Bank of Canada from C$12.00 to C$13.00 in a research note published on Wednesday. The brokerage currently has a sector perform rating on the stock.

Several other research analysts have also recently weighed in on the company. TD Securities reduced their price objective on Crescent Point Energy from C$16.00 to C$15.00 and set a buy rating for the company in a research report on Friday, October 27th. Barclays reduced their price objective on Crescent Point Energy from C$12.00 to C$11.00 in a research report on Monday, October 30th. BMO Capital Markets reduced their price objective on Crescent Point Energy from C$14.00 to C$13.00 in a research report on Tuesday, October 10th. Finally, National Bank Financial upped their price objective on Crescent Point Energy from C$12.00 to C$16.00 and gave the stock an outperform rating in a research report on Tuesday.

Crescent Point Energy (TSE CPG) opened at C$11.25 on Wednesday. The firm has a market capitalization of $6,140.00, a PE ratio of -10.51 and a beta of 1.13. Crescent Point Energy has a 52-week low of C$8.08 and a 52-week high of C$17.14.

In related news, insider Mark Gordon Eade sold 6,500 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of C$10.80, for a total transaction of C$70,200.00. Also, Director Edward Goldthorpe purchased 15,000 shares of Crescent Point Energy stock in a transaction that occurred on Monday, December 4th. The shares were bought at an average cost of C$7.45 per share, with a total value of C$111,750.00. Insiders have sold 15,786 shares of company stock valued at $156,541 over the last three months.

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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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