Crew Energy (CR) Shares Down 2.9%
Crew Energy Inc (TSE:CR) was down 2.9% during trading on Thursday . The stock traded as low as C$3.65 and last traded at C$3.70. Approximately 995,531 shares traded hands during trading, an increase of 1% from the average daily volume of 989,578 shares. The stock had previously closed at C$3.81.
Several research analysts have issued reports on CR shares. CSFB lowered their price objective on shares of Crew Energy from C$5.00 to C$4.75 in a research report on Friday, November 3rd. CIBC raised their price objective on shares of Crew Energy from C$5.00 to C$5.50 in a research report on Monday, November 6th. Laurentian lowered their price objective on shares of Crew Energy from C$5.75 to C$5.25 in a research report on Friday, October 6th. TD Securities downgraded shares of Crew Energy from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$5.50 to C$5.00 in a research report on Monday, October 2nd. Finally, Eight Capital lowered their price objective on shares of Crew Energy from C$6.25 to C$6.00 in a research report on Friday, November 3rd. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of C$7.27.
In related news, insider Gmt Capital Corp acquired 11,000 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were purchased at an average price of C$3.17 per share, with a total value of C$34,870.00. Also, insider Kenneth Truscott sold 43,225 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of C$4.19, for a total transaction of C$181,112.75. In the last ninety days, insiders bought 525,000 shares of company stock worth $1,705,136.
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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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