National Bankshares downgraded shares of Crew Energy (TSE:CR – Free Report) from a sector perform rating to a tender rating in a research report sent to investors on Tuesday, BayStreet.CA reports. The firm currently has C$6.75 price target on the stock, up from their previous price target of C$5.00.
Several other brokerages have also commented on CR. Royal Bank of Canada increased their price objective on Crew Energy from C$6.00 to C$6.75 and gave the company a sector perform rating in a report on Tuesday. BMO Capital Markets increased their price objective on Crew Energy from C$5.25 to C$6.75 and gave the company a market perform rating in a report on Tuesday. Desjardins lowered Crew Energy from a hold rating to a tender rating and raised their target price for the stock from C$5.50 to C$7.00 in a research note on Tuesday. Cormark lowered Crew Energy from a buy rating to a market perform rating and raised their target price for the stock from C$7.00 to C$8.90 in a research note on Tuesday. Finally, TD Securities restated a buy rating and issued a C$6.00 target price on shares of Crew Energy in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Crew Energy presently has an average rating of Moderate Buy and an average target price of C$7.55.
View Our Latest Research Report on Crew Energy
Crew Energy Stock Performance
About Crew Energy
Crew Energy Inc engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids (NGL) in Canada. The company's principal properties include Montney oil and liquids-rich natural gas assets comprising Septimus, West Septimus, Groundbirch, and Monias and Tower located in the northeast British Columbia.
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