Crew Energy Inc. (OTCMKTS:CWEGF – Get Rating) was the target of a significant drop in short-term interest during the month of April. As of April 30, there was short interest totaling 65,100 shares, down 47.5% from the total of 124,000 shares as of April 15. Based on an average daily trading volume of 115,100 shares, the day-to-cover ratio is currently 0.6 days.
CWEGF opened at $3.68 on Friday. The company’s fifty-day moving average price is $3.67 and its two-hundred-day moving average price is $2.91. Crew Energy has a fifty-two week low of $0.86 and a fifty-two week high of $4.88.
A number of research analysts have weighed in on the stock. National Bank Financial raised its price target on Crew Energy shares from C$5.75 to C$6.00 in a Friday, May 6 research report. BMO Capital Markets raised its price target on Crew Energy from C$7.00 to C$8.00 in a Friday, May 6 research report. Raymond James raised his price target on Crew Energy from C$5.00 to C$6.00 in a Wednesday, March 9 report. Stifel Nicolaus raised his price target on Crew Energy from C$7.50 to C$8.75 in a report on Monday. Finally, Scotiabank raised its price target on Crew Energy shares from C$6.50 to C$7.00 in a Friday, May 6 research note. Two research analysts gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $7.15.
Company Profile Crew Energy (Get a rating)
Crew Energy Inc is engaged in the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids (NGLs) in Canada. It primarily holds interests in Septimus, West Septimus, Groundbirch/Monias, Tower and Attachie, areas located southwest, south and west of Fort St.
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