Could Crew Energy Inc Lose its Strength? The Stock Reaches 52-Week High

 Could Crew Energy Inc Lose its Strength? The Stock Reaches 52 Week High

The stock of Crew Energy Inc (TSE:CR) hit a new 52-week high and has $8.55 target or 8.00% above today’s $7.92 share price. The 6 months bullish chart indicates low risk for the $1.25B company. The 1-year high was reported on Dec, 1 by If the $8.55 price target is reached, the company will be worth $100.00M 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. It is down 46.25% since April 27, 2016 and is uptrending. It has outperformed by 40.32% 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. $9 is the highest target while $4.25 is the lowest. The $6.87 average target is -13.26% below today’s ($7.92) stock price. Crew Energy Inc. has been the topic of 28 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The rating was maintained by Scotia Capital with “Outperform” on Friday, November 4. The company was initiated on Monday, August 24 by Canaccord Genuity. Scotia Capital upgraded Crew Energy Inc (TSE:CR) rating on Friday, September 11. Scotia Capital has “Outperform” rating and $7 price target. On Wednesday, January 6 the stock rating was upgraded by FirstEnergy Capital to “Outperform”. Raymond James maintained it with “” rating and $8.75 target price in Monday, June 6 report. 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 “Market Perform” rating given on Friday, February 12 by BMO Capital Markets.

Crew Energy Inc. is an oil and gas exploration, development and production company. The company has a market cap of $1.25 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.

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