Is Buying 52-Week Stock Like Crew Energy Inc a Winning Strategy?


 Is Buying 52 Week Stock Like Crew Energy Inc a Winning Strategy?

The stock of Crew Energy Inc (TSE:CR) hit a new 52-week high and has $11.08 target or 51.00% above today’s $7.34 share price. The 7 months bullish chart indicates low risk for the $1.10 billion company. The 1-year high was reported on Oct, 19 by If the $11.08 price target is reached, the company will be worth $561.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 93,360 shares traded hands. Crew Energy Inc (TSE:CR) has risen 78.52% since March 14, 2016 and is uptrending. It has outperformed by 72.97% the S&P500.

Crew Energy Inc (TSE:CR) Ratings Coverage

Out of 6 analysts covering Crew Energy Inc. (TSE:CR), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $8.75 is the highest target while $4.25 is the lowest. The $6.22 average target is -15.26% below today’s ($7.34) stock price. Crew Energy Inc. has been the topic of 24 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The stock of Crew Energy Inc (TSE:CR) earned “Sector Outperform” rating by RBC Capital Markets on Wednesday, December 2. The stock of Crew Energy Inc (TSE:CR) has “” rating given on Monday, June 6 by Raymond James. The company was upgraded on Wednesday, January 6 by FirstEnergy Capital. As per Friday, September 11, the company rating was upgraded by Scotia Capital. The firm has “Buy” rating by Canaccord Genuity given on Monday, August 24. On Friday, February 12 the stock rating was initiated by BMO Capital Markets with “Market Perform”.

Crew Energy Inc. is an oil and gas exploration, development and production company. The company has a market cap of $1.10 billion. The Firm conducts its activities in the Western Canadian Sedimentary basin, primarily in the provinces of Alberta, British Columbia and Saskatchewan. It currently has negative earnings. The Company’s activities are primarily focused in the vast Montney resource situated in northeast British Columbia.

CR Company Profile

Crane Co. (Crane), incorporated on April 3, 1985, is a diversified maker of engineered industrial products. The Firm operates in four divisions: Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Company’s markets are chemicals, power, gas and oil, aerospace and defense, along with a range of general industrial and consumer related end markets.

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