Today, an analyst has provided a rating update for the Materials sector company, Crew Energy (TSX: CR). The company received a Buy rating from Canaccord Genuity’s analyst Anthony Petrucci, with a C$3.50 price target.
According to TipRanks.com, Petrucci ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -3.0% and a 35.3% success rate. Petrucci covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Crescent Point Energy, and Bellatrix Exploration.
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Crew Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$2.88, which is an 84.6% upside from current levels. In a report issued on October 3, BMO Capital also upgraded the stock to Buy with a C$3.25 price target.
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The company has a one-year high of C$4.61 and a one-year low of C$1.37. Currently, Crew Energy has an average volume of 789.6K.
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 Tuesday at C$1.56, close to its 52-week low of C$1.37.
