A Wall Street analyst has provided a rating update for the Materials sector company today, while remaining neutral on the stock. Analyst Michael Harvey from RBC Capital reiterated a Hold rating on Crew Energy (CR), with a C$1.25 price target.
According to TipRanks.com, Harvey is a 3-star analyst with an average return of 0.6% and a 41.5% success rate. Harvey covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Crescent Point Energy, and Birchcliff Energy Ltd.
Currently, the analyst consensus on Crew Energy is a Strong Buy with an average price target of C$2.32.
Based on Crew Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$939K. In comparison, last year the company had a net profit of C$2.34 million.
Crew Energy, Inc. engages in the business of exploring, developing, producing and acquiring crude oil and natural gas in western Canada. It has access to diversified markets with operated infrastructure and increasing liquids production. The firm primarily focused in the Montney resource situated in northeast British Columbia.
The company’s shares closed on Monday at C$0.92, close to its 52-week low of C$0.75.
