Crew Energy (CR) Price Target Cut to C$5.15 by Analysts at Raymond James Financial

Crew Energy (TSE:CR) had its price target decreased by investment analysts at Raymond James Financial from C$5.70 to C$5.15 in a research note issued on Monday. Raymond James Financial’s target price suggests a potential upside of 142.92% from the stock’s current price.

CR has been the subject of several other research reports. CIBC raised their price target on shares of Crew Energy from C$5.00 to C$5.50 in a research report on Monday, November 6th. CSFB reduced their price target on shares of Crew Energy from C$5.00 to C$4.75 in a research report on Friday, November 3rd. Eight Capital reduced their price target on shares of Crew Energy from C$6.25 to C$6.00 in a research report on Friday, November 3rd. Finally, National Bank Financial dropped their target price on shares of Crew Energy from C$5.50 to C$4.75 and set an “outperform” rating on the stock in a report on Tuesday, January 9th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of C$5.77.

Shares of Crew Energy (TSE:CR) traded down C$0.01 on Monday, hitting C$2.12. 345,147 shares of the company traded hands, compared to its average volume of 1,060,848. The company has a market capitalization of $318.05, a P/E ratio of -35.33 and a beta of 0.72. Crew Energy has a 12 month low of C$2.02 and a 12 month high of C$6.13.

Crew Energy (TSE:CR) last announced its quarterly earnings results on Thursday, November 2nd. The company reported C($0.02) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C($0.02). Crew Energy had a net margin of 4.31% and a return on equity of 0.99%.

In related news, insider Kenneth Truscott sold 43,225 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of C$4.19, for a total value of C$181,112.75.

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Crew Energy Company Profile

Crew Energy Inc is a Canada-based oil and gas exploration, development and production company. It is a growth-oriented oil and natural gas producer. The Company’s activities are primarily focused in the Montney Resource situated in northeast British Columbia. Its Montney Resource is complemented by its Lloydminster heavy oil property in Alberta and Saskatchewan.

Analyst Recommendations for Crew Energy (TSE:CR)

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