Laurentian Cuts Crew Energy Inc (CR) Price Target to C$5.25

Crew Energy Inc (TSE:CR) had its target price reduced by Laurentian from C$5.75 to C$5.25 in a research report report published on Friday morning.

Other research analysts have also issued reports about the stock. TD Securities lowered shares of Crew Energy from a buy rating to a hold rating and dropped their price objective for the company from C$5.50 to C$5.00 in a research note on Monday, October 2nd. Laurentian Bank of Canada dropped their price objective on shares of Crew Energy from C$5.75 to C$5.25 in a research note on Friday. Finally, 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 research 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 stock presently has a consensus rating of Buy and a consensus target price of C$7.56.

Shares of Crew Energy (TSE CR) opened at 4.09 on Friday. The firm’s 50-day moving average is $4.11 and its 200-day moving average is $4.18. The firm’s market cap is $609.04 million. Crew Energy has a 12-month low of $3.40 and a 12-month high of $8.10.

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In other news, insider Gmt Capital Corp purchased 11,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were bought at an average cost of C$3.17 per share, with a total value of C$34,870.00. Insiders have purchased 39,300 shares of company stock worth $124,282 over the last three months.

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.

Analyst Recommendations for Crew Energy (TSE:CR)

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