Canaccord Genuity Trims Crew Energy (CR) Target Price to C$3.50

Crew Energy (TSE:CR) had its price target decreased by equities researchers at Canaccord Genuity from C$4.00 to C$3.50 in a research note issued on Tuesday, October 16th. Canaccord Genuity’s price objective suggests a potential upside of 167.18% from the stock’s current price.

Several other brokerages have also issued reports on CR. National Bank Financial cut their price target on Crew Energy from C$3.30 to C$3.00 in a report on Friday, October 5th. Raymond James dropped their target price on Crew Energy from C$3.40 to C$3.15 in a report on Friday, October 5th. Cormark dropped their target price on Crew Energy from C$3.75 to C$3.50 in a report on Tuesday, October 9th. Finally, BMO Capital Markets decreased their price target on Crew Energy from C$3.25 to C$3.00 in a research report on Tuesday, October 9th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Crew Energy has a consensus rating of “Buy” and an average price target of C$3.02.

Shares of CR stock traded up C$0.04 on Tuesday, hitting C$1.31. The company had a trading volume of 721,900 shares, compared to its average volume of 980,911. Crew Energy has a twelve month low of C$1.18 and a twelve month high of C$4.39. The company has a debt-to-equity ratio of 40.09, a current ratio of 1.12 and a quick ratio of 1.12.

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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