Crew Energy (CR) Rating Lowered to Neutral at Eight Capital

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

Several other equities research analysts also recently weighed in on the company. TD Securities decreased their price target 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 downgraded Crew Energy from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from C$4.50 to C$2.50 in a report on Monday. Raymond James Financial decreased their price target 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 target 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 report on Friday. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of C$4.16.

Shares of Crew Energy (TSE:CR) traded down C$0.12 on Tuesday, hitting C$1.80. 524,437 shares of the stock were exchanged, compared to its average volume of 1,106,974. The stock has a market capitalization of $274.75, a price-to-earnings ratio of -30.17 and a beta of 0.72. Crew Energy has a twelve month low of C$1.76 and a twelve 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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