Crew Energy (CR) Stock Rating Lowered by Eight Capital

Crew Energy (TSE:CR) was downgraded by analysts at Eight Capital from a “buy” rating to a “neutral” rating in a research report issued on Tuesday. They currently have a C$2.75 target price on the stock, down from their prior target price of C$4.25. Eight Capital’s price objective indicates a potential upside of 52.78% from the company’s previous close.

A number of other equities analysts have also issued reports on the company. TD Securities decreased their price objective on Crew Energy from C$4.00 to C$2.50 and set a “hold” rating for the company in a report on Monday. CIBC lowered Crew Energy from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from C$4.50 to C$2.50 in a report on Monday. Raymond James Financial decreased their price objective 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 decreased their price objective 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 decreased their price target on Crew Energy from C$4.75 to C$3.75 and set an “outperform” rating for the company in a research note on Friday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Crew Energy has an average rating of “Hold” and an average target price of C$4.16.

Shares of Crew Energy (CR) traded down C$0.12 during trading on Tuesday, hitting C$1.80. The stock had a trading volume of 1,179,713 shares, compared to its average volume of 1,129,199. The firm has a market cap of $274.75, a PE ratio of -30.17 and a beta of 0.72. Crew Energy has a fifty-two week low of C$1.75 and a fifty-two week high of C$6.13.

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About Crew Energy

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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