Crew Energy Inc (CR) Trading Down 4.1%
Crew Energy Inc (TSE:CR)’s share price fell 4.1% during trading on Monday . The company traded as low as C$4.05 and last traded at C$4.26. 778,384 shares traded hands during mid-day trading, an increase of 51% from the average session volume of 516,664 shares. The stock had previously closed at C$4.44.
CR has been the topic of several research reports. Eight Capital restated a “buy” rating and set a C$6.25 price objective on shares of Crew Energy in a research report on Wednesday, September 27th. TD Securities cut Crew Energy from a “buy” rating to a “hold” rating and reduced their target price for the company from C$5.50 to C$5.00 in a research note on Monday. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$8.03.
The firm’s market capitalization is $633.61 million. The stock’s 50 day moving average is $3.94 and its 200-day moving average is $4.24.
In other Crew Energy news, insider Gmt Capital Corp acquired 11,000 shares of the stock in a transaction on Monday, September 18th. The stock was acquired at an average price of C$3.17 per share, for a total transaction of C$34,870.00. In the last ninety days, insiders have purchased 39,300 shares of company stock worth $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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