Crew Energy Coverage Initiated by Analysts at Raymond James (CR)
Research analysts at Raymond James began coverage on shares of Crew Energy (TSE:CR) in a report released on Tuesday. The firm set a “strong-buy” rating and a C$17.00 price target on the stock. Raymond James’ target price indicates a potential upside of 49.38% from the stock’s previous close.
Shares of Crew Energy (TSE:CR) opened at 11.38 on Tuesday. Crew Energy has a 52 week low of $4.99 and a 52 week high of $12.74. The stock’s 50-day moving average is $10.93 and its 200-day moving average is $9.22. The company’s market cap is $1.390 billion.
Crew Energy (TSE:CR) last announced its earnings results on Friday, May 9th. The company reported ($1.07) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.05 by $1.12. On average, analysts predict that Crew Energy will post $-0.97 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on CR. Analysts at TD Securities raised their price target on shares of Crew Energy from C$11.00 to C$14.50 in a research note on Monday, June 2nd. They now have a “buy” rating on the stock. Separately, analysts at Scotiabank reiterated a “sector perform” rating on shares of Crew Energy in a research note on Thursday, May 8th. Finally, analysts at National Bank Financial raised their price target on shares of Crew Energy from C$12.00 to C$12.50 in a research note on Thursday, May 8th. They now have a “sector perform” rating on the stock. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$13.72.
Crew Energy Inc (TSE:CR) is an oil and gas exploration, development and production company.
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