Crew Energy (CR) Hits New 12-Month Low at $2.66
Crew Energy Inc (TSE:CR) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$2.66 and last traded at C$2.68, with a volume of 437154 shares traded. The stock had previously closed at C$2.80.
Several equities research analysts have weighed in on CR shares. 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. Eight Capital restated a “buy” rating and issued a C$6.25 price objective on shares of Crew Energy in a research report on Wednesday, September 27th. 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. 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. Finally, Laurentian Bank of Canada 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. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$6.43.
The company has a market cap of $393.24, a P/E ratio of -43.83 and a beta of 0.94.
In related news, insider Kenneth Truscott sold 43,225 shares of Crew Energy stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of C$4.19, for a total transaction of C$181,112.75. Also, insider Gmt Capital Corp acquired 511,400 shares of Crew Energy stock in a transaction that occurred on Tuesday, October 24th. The shares were purchased at an average cost of C$3.25 per share, for a total transaction of C$1,662,050.00.
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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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