In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Crew Energy (CR). Analyst Randy Ollenberger from BMO Capital reiterated a Buy rating, with a C$1.75 price target.
According to TipRanks.com, Ollenberger is a 1-star analyst with an average return of -2.0% and a 45.0% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Birchcliff Energy Ltd, and Imperial Oil Limited.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Crew Energy with a C$2.21 average price target, representing a 135.1% upside. In a report issued on January 7, TD Securities also upgraded the stock to Buy with a C$1.90 price target.
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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 Friday at C$0.94, close to its 52-week low of C$0.75.
