Crew Energy (TSE:CR) had its target price lowered by research analysts at National Bank Financial from C$4.75 to C$3.00 in a research report issued on Friday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 66.67% from the company’s current price.
A number of other research firms also recently issued reports on CR. CIBC reduced their price objective on Crew Energy from C$5.00 to C$4.50 in a research note on Tuesday, January 23rd. CSFB reduced their price objective on Crew Energy from C$5.00 to C$4.75 in a research note on Friday, November 3rd. Eight Capital reduced their price objective on Crew Energy from C$6.25 to C$6.00 in a research note on Friday, November 3rd. Raymond James Financial reduced their price objective on Crew Energy from C$5.70 to C$5.15 and set an “outperform” rating on the stock in a research note on Monday. Finally, Scotiabank reduced their price objective on Crew Energy from C$4.75 to C$3.75 and set an “outperform” rating on the stock in a research note on Friday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Crew Energy currently has a consensus rating of “Buy” and an average target price of C$5.07.
Shares of Crew Energy (TSE:CR) traded down C$0.10 on Friday, reaching C$1.80. The company had a trading volume of 582,158 shares, compared to its average volume of 1,087,287. The company has a market cap of $283.71, a P/E ratio of -30.00 and a beta of 0.72. Crew Energy has a 52 week low of C$1.78 and a 52 week high of C$6.13.
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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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