Crew Energy (CR) Trading Down 8.4%
Crew Energy Inc (TSE:CR)’s share price dropped 8.4% during mid-day trading on Tuesday . The stock traded as low as C$2.65 and last traded at C$2.85. Approximately 735,037 shares were traded during trading, a decline of 23% from the average daily volume of 959,627 shares. The stock had previously closed at C$2.63.
CR has been the topic of several research reports. Laurentian cut their price objective on shares of Crew Energy from C$5.75 to C$5.25 in a report on Friday, October 6th. CIBC lifted their price objective on shares of Crew Energy from C$5.00 to C$5.50 in a report on Monday, November 6th. CSFB cut their price objective on shares of Crew Energy from C$5.00 to C$4.75 in a report on Friday, November 3rd. Eight Capital cut their price objective on shares of Crew Energy from C$6.25 to C$6.00 in a report on Friday, November 3rd. Finally, Laurentian Bank of Canada cut their price objective on shares of Crew Energy from C$5.75 to C$5.25 in a report on Friday, October 6th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Crew Energy has an average rating of “Buy” and an average price target of C$6.43.
The stock has a market cap of $400.69, a price-to-earnings ratio of -45.50 and a beta of 0.94.
In other news, insider Gmt Capital Corp purchased 511,400 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were acquired at an average cost of C$3.25 per share, with a total value of C$1,662,050.00. Also, insider Kenneth Truscott sold 43,225 shares of Crew Energy stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of C$4.19, for a total transaction of C$181,112.75.
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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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