Crew Energy Inc (CR) Price Target Lowered to C$6.00 at Eight Capital
Crew Energy Inc (TSE:CR) had its price target reduced by stock analysts at Eight Capital from C$6.25 to C$6.00 in a research note issued to investors on Friday. Eight Capital’s price objective would suggest a potential upside of 40.19% from the company’s current price.
A number of other research firms also recently issued reports on CR. TD Securities downgraded shares of Crew Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$5.50 to C$5.00 in a research report on Monday, October 2nd. Laurentian lowered their price objective on shares of Crew Energy from C$5.75 to C$5.25 in a research report on Friday, October 6th. Finally, Laurentian Bank of Canada lowered their price objective on shares of Crew Energy from C$5.75 to C$5.25 in a research report on Friday, October 6th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$7.40.
Crew Energy (TSE:CR) traded down C$0.22 on Friday, reaching C$4.28. 1,460,000 shares of the company were exchanged, compared to its average volume of 1,070,000. Crew Energy has a 12-month low of C$3.40 and a 12-month high of C$8.10.
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In other news, insider Gmt Capital Corp acquired 511,400 shares of Crew Energy stock in a transaction that occurred on Tuesday, October 24th. The shares were purchased at an average cost of C$3.25 per share, for a total transaction of C$1,662,050.00. Insiders have purchased 531,800 shares of company stock worth $1,725,468 over the last 90 days.
Crew Energy Company Profile
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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