GMP FirstEnergy Reiterates Their Hold Rating on Crew Energy (CR)


A Wall Street analyst has provided a review for the Materials company on February 11, but retained the same rating on the stock. Crew Energy (CR) received a Hold on February 11 from GMP FirstEnergy’s analyst Robert Fitzmartyn, with a C$1.50 price target.

According to TipRanks.com, Fitzmartyn is ranked #4946 out of 5152 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Crew Energy with a C$1.79 average price target, implying a 98.9% upside from current levels. In a report issued on January 31, CIBC also reiterated a Hold rating on the stock with a C$1.50 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$2.34 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$0.90, close to its 52-week low of C$0.75.

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