Crew Energy (CR) Price Target Cut to C$2.50

Crew Energy (TSE:CR) had its price target decreased by investment analysts at BMO Capital Markets from C$3.00 to C$2.50 in a research note issued to investors on Tuesday. BMO Capital Markets’ target price would indicate a potential upside of 74.83% from the company’s current price.

Several other research analysts have also weighed in on CR. Raymond James lowered their price objective on Crew Energy from C$3.15 to C$3.00 and set an “outperform” rating for the company in a research report on Tuesday. Eight Capital upgraded Crew Energy from a “neutral” rating to a “buy” rating in a research report on Tuesday. Cormark lowered their price objective on Crew Energy from C$3.75 to C$3.50 in a research report on Tuesday, October 9th. Canaccord Genuity lowered their price objective on Crew Energy from C$4.00 to C$3.50 in a research report on Tuesday, October 16th. Finally, National Bank Financial lowered their price objective on Crew Energy from C$3.30 to C$3.00 in a research report on Friday, October 5th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$3.02.

Shares of CR stock traded down C$0.04 during trading hours on Tuesday, reaching C$1.43. The company had a trading volume of 656,764 shares, compared to its average volume of 984,390. Crew Energy has a 12-month low of C$1.18 and a 12-month high of C$4.55.

About Crew Energy

Crew Energy Inc engages in the exploration, development, and production of crude oil and natural gas in Canada. The company primarily holds interests in assets located in the Montney area, which includes the Septimus/West Septimus, Tower, Groundbirch, Attachie, and Portage assets with 445 net sections with condensate, light oil, liquids-rich natural gas, and dry gas situated south and west of Fort St.

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