Shares of Crew Energy Inc (TSE:CR) dropped 4.7% on Tuesday after Eight Capital downgraded the stock from a buy rating to a neutral rating. Eight Capital now has a C$2.75 price target on the stock, down from their previous price target of C$4.25. Crew Energy traded as low as C$1.82 and last traded at C$1.83. Approximately 379,769 shares changed hands during trading, a decline of 66% from the average daily volume of 1,103,149 shares. The stock had previously closed at C$1.92.

Other analysts have also recently issued reports about the company. National Bank Financial lowered their price target on Crew Energy from C$4.75 to C$3.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. Raymond James Financial lowered their price target on Crew Energy from C$5.15 to C$3.85 and set an “outperform” rating for the company in a research note on Sunday. Scotiabank lowered their price target on Crew Energy from C$4.75 to C$3.75 and set an “outperform” rating for the company in a research note on Friday, February 9th. CIBC cut Crew Energy from an “outperform” rating to a “neutral” rating and lowered their price target for the company from C$4.50 to C$2.50 in a research note on Monday. Finally, TD Securities lowered their price target on Crew Energy from C$4.00 to C$2.50 and set a “hold” rating for the company in a research note on Monday. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$4.16.

The firm has a market cap of $269.52, a PE ratio of -29.83 and a beta of 0.72.

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Crew Energy Company Profile

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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