Crew Energy Inc (CR) Receives Average Recommendation of “Buy” from Analysts
Shares of Crew Energy Inc (TSE:CR) have been assigned an average recommendation of “Buy” from the thirteen research firms that are presently covering the stock. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$8.40.
Several equities research analysts have recently weighed in on the stock. CSFB assumed coverage on shares of Crew Energy in a research report on Tuesday, May 9th. They issued a “neutral” rating and a C$6.50 price target for the company. Scotiabank restated an “outperform” rating and set a C$9.00 price target on shares of Crew Energy in a research note on Friday, February 10th. Raymond James Financial, Inc. restated a “strong-buy” rating and set a C$10.75 price target on shares of Crew Energy in a research note on Friday, March 3rd. Royal Bank of Canada cut their price target on shares of Crew Energy from C$9.00 to C$8.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 10th. Finally, TD Securities restated a “buy” rating and set a C$9.00 price target on shares of Crew Energy in a research note on Friday, March 3rd.
In related news, Director John Albert Brussa purchased 10,000 shares of the company’s stock in a transaction on Thursday, April 27th. The stock was acquired at an average cost of C$4.07 per share, for a total transaction of C$40,700.00. Also, Director Dennis Leroy Nerland sold 8,459 shares of Crew Energy stock in a transaction dated Monday, April 17th. The shares were sold at an average price of C$4.80, for a total transaction of C$40,603.20. Over the last three months, insiders sold 166,158 shares of company stock worth $817,882.
Shares of Crew Energy (TSE:CR) opened at 4.74 on Tuesday. The stock’s market capitalization is $710.18 million. Crew Energy has a one year low of $3.80 and a one year high of $8.10. The firm has a 50-day moving average of $4.59 and a 200 day moving average of $5.87.
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About Crew Energy
Crew Energy Inc is an oil and gas exploration, development and production company. The Company conducts its operations in the Western Canadian Sedimentary basin, primarily in the provinces of Alberta, British Columbia and Saskatchewan. Its activities are primarily focused in the vast Montney resource situated in northeast British Columbia.
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