Raymond James Reiterates “Market Perform” Rating for Crew Energy (CR)

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Crew Energy (TSE:CR)‘s stock had its “market perform” rating restated by investment analysts at Raymond James in a report issued on Thursday. They presently have a C$1.60 price target on the stock. Raymond James’ price objective indicates a potential upside of 68.42% from the company’s current price.

A number of other research firms have also recently weighed in on CR. BMO Capital Markets upgraded shares of Crew Energy from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 4th. Cormark reduced their price objective on shares of Crew Energy from C$3.75 to C$3.50 in a research report on Tuesday, October 9th. National Bank Financial reduced their price objective on shares of Crew Energy from C$3.30 to C$3.00 in a research report on Friday, October 5th. Canaccord Genuity reduced their price objective on shares of Crew Energy from C$4.00 to C$3.50 in a research report on Tuesday, October 16th. Finally, TD Securities reduced their price objective on shares of Crew Energy from C$2.00 to C$1.75 and set a “hold” rating for the company in a research report on Tuesday, November 6th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$2.14.

Shares of TSE CR opened at C$0.95 on Thursday. Crew Energy has a 1 year low of C$0.75 and a 1 year high of C$2.90. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 39.35.

Crew Energy (TSE:CR) last posted its quarterly earnings data on Monday, November 5th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$54.08 million for the quarter, compared to the consensus estimate of C$52.50 million. On average, analysts expect that Crew Energy will post 0.070000004666667 earnings per share for the current fiscal year.

Crew Energy Company Profile

Crew Energy Inc engages in the exploration, development, and production of crude oil and natural gas in Canada. The company primarily holds interests in assets located in the Montney area, which includes the Septimus/West Septimus, Tower, Groundbirch, Attachie, and Portage assets with 445 net sections with condensate, light oil, liquids-rich natural gas, and dry gas situated south and west of Fort St.

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