Raymond James Financial Cuts Crew Energy (CR) Price Target to C$3.85
Crew Energy (TSE:CR) had its price objective lowered by Raymond James Financial from C$5.15 to C$3.85 in a research report issued to clients and investors on Sunday. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price target points to a potential upside of 103.70% from the company’s current price.
CR has been the subject of several other research reports. CIBC boosted their price target on shares of Crew Energy from C$5.00 to C$5.50 in a report on Monday, November 6th. CSFB cut their price target on shares of Crew Energy from C$5.00 to C$4.75 in a report on Friday, November 3rd. Eight Capital cut their price target on shares of Crew Energy from C$6.25 to C$6.00 in a report on Friday, November 3rd. National Bank Financial cut their price target on shares of Crew Energy from C$5.50 to C$4.75 and set an “outperform” rating for the company in a report on Tuesday, January 9th. Finally, Scotiabank cut their price target on shares of Crew Energy from C$4.75 to C$3.75 and set an “outperform” rating for the company in a report on Friday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$4.94.
Shares of Crew Energy (CR) opened at C$1.89 on Friday. The company has a market cap of $282.21, a price-to-earnings ratio of -31.50 and a beta of 0.72. Crew Energy has a 1-year low of C$1.78 and a 1-year high of C$6.13.
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Crew Energy Inc is a Canada-based oil and gas exploration, development and production company. It is a growth-oriented oil and natural gas producer. The Company’s activities are primarily focused in the Montney Resource situated in northeast British Columbia. Its Montney Resource is complemented by its Lloydminster heavy oil property in Alberta and Saskatchewan.
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