Shares of Crew Energy Inc (TSE:CR) have earned an average recommendation of “Buy” from the twelve brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$7.27.
Several brokerages have commented on CR. Eight Capital cut their target price on Crew Energy from C$6.25 to C$6.00 in a research note on Friday, November 3rd. CIBC increased their target price on Crew Energy from C$5.00 to C$5.50 in a research note on Monday, November 6th. 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. TD Securities downgraded Crew Energy from a “buy” rating to a “hold” rating and cut their target price for the company from C$5.50 to C$5.00 in a research note on Monday, October 2nd. Finally, CSFB cut their target price on Crew Energy from C$5.00 to C$4.75 in a research note on Friday, November 3rd.
In other news, 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. Also, insider Gmt Capital Corp bought 511,400 shares of Crew Energy stock in a transaction dated Tuesday, October 24th. The stock was purchased at an average cost of C$3.25 per share, for a total transaction of C$1,662,050.00. Over the last three months, insiders have acquired 525,000 shares of company stock worth $1,705,136.
Crew Energy (TSE CR) traded up C$0.05 during mid-day trading on Thursday, reaching C$3.98. The company had a trading volume of 1,321,104 shares, compared to its average volume of 997,465. Crew Energy has a one year low of C$3.40 and a one year high of C$8.10.
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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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