TD Securities Downgrades Crew Energy Inc (CR) to Hold
Crew Energy Inc (TSE:CR) was downgraded by stock analysts at TD Securities from a “buy” rating to a “hold” rating in a research report issued on Monday. They presently have a C$5.00 target price on the stock, down from their previous target price of C$5.50. TD Securities’ price target suggests a potential upside of 17.51% from the stock’s previous close.
Separately, Eight Capital reaffirmed a “buy” rating and issued a C$6.25 price objective on shares of Crew Energy in a research note 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 given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$8.03.
Crew Energy (TSE CR) traded down 4.28% on Monday, hitting $4.25. The stock had a trading volume of 1,073,437 shares. Crew Energy has a 1-year low of $3.40 and a 1-year high of $8.10. The firm’s market capitalization is $632.86 million. The company’s 50 day moving average is $3.94 and its 200-day moving average is $4.24.
In related news, insider Gmt Capital Corp acquired 11,000 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were purchased at an average price of C$3.17 per share, for a total transaction of C$34,870.00. Over the last ninety days, insiders acquired 39,300 shares of company stock valued at $124,282.
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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