Crew Energy Inc (CR) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Crew Energy Inc (TSE:CR) have been assigned an average rating of “Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$7.56.
CR has been the subject of several research analyst reports. Eight Capital restated a “buy” rating and set a C$6.25 price target on shares of Crew Energy in a research note on Wednesday, September 27th. TD Securities lowered Crew Energy from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$5.50 to C$5.00 in a research note on Monday, October 2nd. Laurentian Bank of Canada dropped their price target on Crew Energy from C$5.75 to C$5.25 in a research note on Friday, October 6th. Finally, Laurentian dropped their price target on Crew Energy from C$5.75 to C$5.25 in a research note on Friday, October 6th.
Crew Energy (TSE CR) traded up 0.51% during trading on Friday, reaching $3.98. The company’s stock had a trading volume of 356,511 shares. The company’s market capitalization is $592.66 million. Crew Energy has a 1-year low of $3.40 and a 1-year high of $8.10. The company’s 50-day moving average is $4.14 and its 200-day moving average is $4.13.
In other Crew Energy news, insider Gmt Capital Corp acquired 9,800 shares of the stock in a transaction on Monday, July 24th. The stock was purchased at an average price of C$3.13 per share, for a total transaction of C$30,674.00. In the last 90 days, insiders have acquired 39,300 shares of company stock valued at $124,282.
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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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