A Wall Street analyst has provided a review for the Materials company yesterday, but retained the same rating on the stock. Analyst David Popowich from CIBC rated Crew Energy (CR) a Hold, setting a C$1.50 price target.
According to TipRanks.com, Popowich ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -7.8% and a 31.4% success rate. Popowich covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Birchcliff Energy Ltd, and Obsidian Energy Ltd.
Currently, the analyst consensus on Crew Energy is a Moderate Buy with an average price target of C$1.84.
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$0.91, close to its 52-week low of C$0.75.
