RBC Capital analyst Michael Harvey maintained a Hold rating on Crew Energy (CWEGF) on April 15 and set a price target of C$1.25. The company’s shares closed last Friday at $0.82.
According to TipRanks.com, Harvey is a 4-star analyst with an average return of 10.6% and a 50.3% success rate. Harvey covers the Utilities sector, focusing on stocks such as Crescent Point Energy, Paramount Resources, and Advantage Oil & Gas.
Crew Energy has an analyst consensus of Moderate Buy, with a price target consensus of $1.22, implying a 46.9% upside from current levels. In a report issued on April 15, Scotiabank also maintained a Hold rating on the stock with a C$1.60 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 revenue of $40.92 million and net profit of $34.67 million. In comparison, last year the company earned revenue of $41.47 million and had a GAAP net loss of $6.24 million.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CWEGF in relation to earlier this year.
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Crew Energy, Inc. engages in the exploration, development, and production of crude oil and natural gas in western Canada. Its business activities focuses in the Montney resource, situated in northeast British Columbia. The company was founded on May 12, 2003 and is headquartered in Alberta, Canada.
