Crew Energy Inc (CR) Price Target Lowered to C$5.25 at Laurentian
Crew Energy Inc (TSE:CR) had its target price reduced by stock analysts at Laurentian from C$5.75 to C$5.25 in a research report issued to clients and investors on Friday. Laurentian’s price objective would suggest a potential upside of 22.66% from the company’s previous close.
Other research analysts have also issued reports about the company. Laurentian Bank of Canada lowered their price objective on Crew Energy from C$5.75 to C$5.25 in a research report on Friday. TD Securities lowered Crew Energy from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$5.50 to C$5.00 in a research report on Monday. Finally, Eight Capital reiterated a “buy” rating and issued a C$6.25 price objective on shares of Crew Energy in a research report on Wednesday, September 27th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$7.56.
Shares of Crew Energy (CR) traded down 4.21% during trading on Friday, hitting $4.10. The stock had a trading volume of 1,903,200 shares. The firm’s 50-day moving average is $4.11 and its 200 day moving average is $4.19. The firm’s market cap is $610.53 million. Crew Energy has a 52-week low of $3.40 and a 52-week high of $8.10.
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In related news, insider Gmt Capital Corp bought 11,000 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was purchased at an average cost of C$3.17 per share, for a total transaction of C$34,870.00. Over the last quarter, insiders purchased 39,300 shares of company stock valued at $124,282.
About Crew Energy
Crew Energy Inc is a Canada-based oil and gas exploration, development and production company. It is a growth-oriented oil and natural gas producer. The Company’s activities are primarily focused in the Montney Resource situated in northeast British Columbia. Its Montney Resource is complemented by its Lloydminster heavy oil property in Alberta and Saskatchewan.
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