Desjardins Thinks Crew Energy’s Stock is Going to Recover


In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Crew Energy (CR). The company received a Buy on February 7 from Desjardins’ analyst Chris MacCulloch, with a C$1.75 price target.

According to TipRanks.com, MacCulloch has currently no stars on a ranking scale of 0-5 stars, with an average return of -30.4% and a 0.0% success rate. MacCulloch covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Athabasca Oil Corporation, and Freehold Royalties Ltd.

Crew Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$1.76.

Crew Energy’s market cap is currently C$135M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.15.

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 Monday at C$0.89, close to its 52-week low of C$0.75.

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