CIBC Downgrades Crew Energy (CR) to Neutral

Crew Energy (TSE:CR) was downgraded by analysts at CIBC from an “outperform” rating to a “neutral” rating in a research note issued to investors on Monday. They currently have a C$2.50 price target on the stock, down from their previous price target of C$4.50. CIBC’s price target would indicate a potential upside of 30.21% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. CSFB cut their price objective on Crew Energy from C$5.00 to C$4.75 in a research report on Friday, November 3rd. Eight Capital cut their price objective on Crew Energy from C$6.25 to C$6.00 in a research report on Friday, November 3rd. Raymond James Financial lowered their target price on Crew Energy from C$5.15 to C$3.85 and set an “outperform” rating for the company in a report on Sunday. National Bank Financial lowered their target price on Crew Energy from C$4.75 to C$3.00 and set an “outperform” rating for the company in a report on Friday. Finally, Scotiabank lowered their target price on Crew Energy from C$4.75 to C$3.75 and set an “outperform” rating for the company in a report on Friday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$4.49.

Shares of Crew Energy (CR) traded up C$0.03 during trading on Monday, reaching C$1.92. The company’s stock had a trading volume of 1,393,013 shares, compared to its average volume of 1,116,157. The company has a market cap of $267.28, a P/E ratio of -30.67 and a beta of 0.72. Crew Energy has a 12 month low of C$1.76 and a 12 month high of C$6.13.

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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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