Crew Energy Inc (CR) Stock Price Down 4.4% After Analyst Downgrade

Shares of Crew Energy Inc (TSE:CR) were down 4.4% during mid-day trading on Monday after Laurentian lowered their price target on the stock from C$5.75 to C$5.25. The company traded as low as C$4.06 and last traded at C$4.09. Approximately 2,465,950 shares changed hands during trading, an increase of 274% from the average daily volume of 658,717 shares. The stock had previously closed at C$4.28.

A number of other brokerages have also weighed in on CR. Eight Capital restated a “buy” rating and issued a C$6.25 target price on shares of Crew Energy in a research note on Wednesday, September 27th. TD Securities lowered Crew Energy from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$5.50 to C$5.00 in a research note on Monday, October 2nd. Finally, Laurentian Bank of Canada decreased their target price on Crew Energy from C$5.75 to C$5.25 in a research note on Friday. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$7.56.

In other news, insider Gmt Capital Corp acquired 9,800 shares of Crew Energy stock in a transaction dated Monday, July 24th. The shares were purchased at an average cost of C$3.13 per share, for a total transaction of C$30,674.00. Insiders acquired a total of 39,300 shares of company stock worth $124,282 over the last 90 days.

The stock’s market cap is $609.04 million. The company’s 50-day moving average is $4.11 and its 200 day moving average is $4.18.

WARNING: “Crew Energy Inc (CR) Stock Price Down 4.4% After Analyst Downgrade” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was stolen and reposted in violation of Un

A number of other brokerages have also weighed in on CR. Eight Capital restated a “buy” rating and issued a C$6.25 target price on shares of Crew Energy in a research note on Wednesday, September 27th. TD Securities lowered Crew Energy from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$5.50 to C$5.00 in a research note on Monday, October 2nd. Finally, Laurentian Bank of Canada decreased their target price on Crew Energy from C$5.75 to C$5.25 in a research note on Friday. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$7.56.

In other news, insider Gmt Capital Corp acquired 9,800 shares of Crew Energy stock in a transaction dated Monday, July 24th. The shares were purchased at an average cost of C$3.13 per share, for a total transaction of C$30,674.00. Insiders acquired a total of 39,300 shares of company stock worth $124,282 over the last 90 days.

The stock’s market cap is $609.04 million. The company’s 50-day moving average is $4.11 and its 200 day moving average is $4.18.

WARNING: “Crew Energy Inc (CR) Stock Price Down 4.4% After Analyst Downgrade” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/10/crew-energy-inc-cr-stock-price-down-4-4-after-analyst-downgrade.html.

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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