In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Crew Energy (CR). The company received a Buy rating from Raymond James’ analyst Kurt Molnar, with a C$3 price target.
According to TipRanks.com, Molnar has 0 stars on 0-5 star ranking scale with an average return of -18.4% and a 13.6% success rate. Molnar covers the Basic Materials sector, focusing on stocks such as Birchcliff Energy Ltd, NuVista Energy Ltd, and Vermilion Energy.
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Crew Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$2.61, an 86.4% upside from current levels. In a report issued on October 31, Desjardins also reiterated a Buy rating on the stock with a C$2.50 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$2.13 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 Tuesday at C$1.40, close to its 52-week low of C$1.18.
