Scott Saxberg Purchases 11,600 Shares of Crescent Point Energy (TSE:CPG) Stock

Crescent Point Energy (TSE:CPG) (NYSE:CPG) Director Scott Saxberg bought 11,600 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was bought at an average cost of C$8.61 per share, for a total transaction of C$99,876.00.

Scott Saxberg also recently made the following trade(s):

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  • On Wednesday, March 28th, Scott Saxberg bought 5,883 shares of Crescent Point Energy stock. The stock was bought at an average cost of C$8.52 per share, for a total transaction of C$50,123.16.
  • On Monday, March 19th, Scott Saxberg bought 5,000 shares of Crescent Point Energy stock. The stock was bought at an average cost of C$9.00 per share, for a total transaction of C$45,000.00.
  • On Monday, March 5th, Scott Saxberg bought 11,400 shares of Crescent Point Energy stock. The stock was bought at an average cost of C$8.79 per share, for a total transaction of C$100,206.00.

CPG traded down C$0.10 on Friday, hitting C$9.17. The company had a trading volume of 5,339,241 shares, compared to its average volume of 3,806,875. Crescent Point Energy has a 12-month low of C$8.08 and a 12-month high of C$15.12.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last announced its quarterly earnings data on Thursday, March 1st. The company reported C($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.10 by C($0.16). The firm had revenue of C$916.00 million during the quarter, compared to the consensus estimate of C$875.60 million. Crescent Point Energy had a return on equity of 2.23% and a net margin of 6.44%.

The business also recently declared a monthly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 15th were paid a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.93%. The ex-dividend date was Tuesday, February 27th.

A number of equities research analysts have issued reports on CPG shares. Barclays increased their price target on Crescent Point Energy from C$13.00 to C$14.00 in a research note on Wednesday, January 17th. CIBC increased their price target on Crescent Point Energy from C$11.00 to C$12.50 in a research note on Tuesday, January 23rd. TD Securities raised their price objective on Crescent Point Energy from C$15.00 to C$15.50 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Royal Bank of Canada raised their price objective on Crescent Point Energy from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 10th. Finally, National Bank Financial raised their price objective on Crescent Point Energy from C$12.00 to C$16.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th.

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About Crescent Point Energy

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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