Crew Energy (CR) Trading Down 8.4%
Crew Energy Inc (TSE:CR)’s share price fell 8.4% during mid-day trading on Tuesday . The stock traded as low as C$2.65 and last traded at C$2.85. 735,037 shares were traded during trading, a decline of 23% from the average session volume of 959,627 shares. The stock had previously closed at C$2.63.
A number of equities research analysts have issued reports on CR shares. CIBC raised their target price on Crew Energy from C$5.00 to C$5.50 in a research note on Monday, November 6th. Eight Capital reiterated a “buy” rating and issued a C$6.25 target price on shares of Crew Energy in a research note on Wednesday, September 27th. CSFB cut their target price on Crew Energy from C$5.00 to C$4.75 in a research note on Friday, November 3rd. Laurentian cut their target price on Crew Energy from C$5.75 to C$5.25 in a research note on Friday, October 6th. Finally, Laurentian Bank of Canada cut their target price on Crew Energy from C$5.75 to C$5.25 in a research note on Friday, October 6th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$6.43.
The firm has a market capitalization of $400.69, a P/E ratio of -47.50 and a beta of 0.94.
In other news, insider Gmt Capital Corp bought 511,400 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were purchased at an average cost of C$3.25 per share, with a total value of C$1,662,050.00. Also, insider Kenneth Truscott sold 43,225 shares of Crew Energy stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of C$4.19, for a total value of C$181,112.75.
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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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