Crew Energy (CR) Stock Price Down 0.7% Following Analyst Downgrade

Crew Energy Inc (TSE:CR) was down 0.7% during trading on Wednesday after National Bank Financial lowered their price target on the stock from C$5.50 to C$4.75. National Bank Financial currently has an outperform rating on the stock. Crew Energy traded as low as C$2.80 and last traded at C$2.80. Approximately 502,218 shares traded hands during trading, a decline of 51% from the average daily volume of 1,029,699 shares. The stock had previously closed at C$2.82.

CR has been the topic of several other reports. 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. CIBC lifted their price objective on shares of Crew Energy from C$5.00 to C$5.50 in a research report on Monday, November 6th. CSFB lowered their price target on shares of Crew Energy from C$5.00 to C$4.75 in a report on Friday, November 3rd. Eight Capital lowered their price target 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 lowered their price target on shares of Crew Energy from C$5.75 to C$5.25 in a report on Friday, October 6th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$6.43.

In other Crew Energy news, insider Gmt Capital Corp bought 511,400 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were acquired at an average price 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 the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of C$4.19, for a total transaction of C$181,112.75.

The company has a market capitalization of $417.08, a P/E ratio of -44.67 and a beta of 0.94.

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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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