Crew Energy (CR) Trading Down 5.2%

Crew Energy Inc (TSE:CR)’s share price was down 5.2% during trading on Wednesday . The company traded as low as C$2.20 and last traded at C$2.21. Approximately 343,705 shares were traded during trading, a decline of 68% from the average daily volume of 1,079,969 shares. The stock had previously closed at C$2.33.

A number of equities analysts recently commented on CR shares. Laurentian dropped their price target on shares of Crew Energy from C$5.75 to C$5.25 in a research note on Friday, October 6th. CIBC lifted their price target on shares of Crew Energy from C$5.00 to C$5.50 in a research note on Monday, November 6th. CSFB dropped their price target on shares of Crew Energy from C$5.00 to C$4.75 in a research note on Friday, November 3rd. Eight Capital dropped their price target on shares of Crew Energy from C$6.25 to C$6.00 in a research note on Friday, November 3rd. Finally, National Bank Financial dropped their price target on shares of Crew Energy from C$5.50 to C$4.75 and set an “outperform” rating for the company in a research note on Tuesday, January 9th. 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’s stock. The company has an average rating of “Buy” and a consensus price target of C$6.33.

The firm has a market cap of $367.32, a PE ratio of -37.33 and a beta of 0.94.

Crew Energy (TSE:CR) last released its quarterly earnings data on Thursday, November 2nd. The company reported C($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of C($0.02). Crew Energy had a net margin of 4.31% and a return on equity of 0.99%.

In other news, insider Kenneth Truscott sold 43,225 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of C$4.19, for a total value of C$181,112.75.

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About Crew Energy

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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