Crew Energy (CR), the Materials sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Chris MacCulloch from Desjardins rated Crew Energy (CR) a Buy, setting a C$2 price target.
According to TipRanks.com, MacCulloch is ranked 0 out of 5 stars with an average return of -16.9% and a 30.0% success rate. MacCulloch covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Athabasca Oil Corporation, and Paramount Resources Ltd.
Crew Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$1.83, a 77.7% upside from current levels. In a report issued on March 5, Eight Capital also upgraded the stock to Buy with a C$1.75 price target.
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Based on Crew Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$18.77 million. 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 Wednesday at C$1.03, close to its 52-week low of C$0.75.
