Will Investors Now Buy Crew Energy?


Crew Energy Inc (TSE:CR) Stock Upgrade

In a comprehensive report shared with investors on Wednesday morning, RBC Capital Markets increased shares of Crew Energy Inc (TSE:CR) to a solid “Sector Outperform” rating from their previous “Sector Perform” rating.

From a total of 16 analysts covering Crew Energy Inc. (TSE:CR) stock, 13 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 81% of the ratings are positive. The highest target price is $6.74 while the lowest target price is $3.93. The mean of all analyst targets is $5.12 with a 55.02% above today’s ($4.58) stock price. Crew Energy Inc. was the topic of 6 analyst reports since August 24, 2015 according to the firm StockzIntelligence Inc. Scotia Capital upgraded shares on September 11 to “Outperform” rating.

Approximately 1.24 million shares of stock traded hands or 106.80% up from the average. Crew Energy Inc (TSE:CR) has declined 11.45% since April 29, 2015 and is downtrending. It has underperformed by 11.25% the S&P500.

 Will Investors Now Buy Crew Energy Inc (TSE:CR) Stock Following Today’s, RBC Capital Markets Upgrades?

Crew Energy Inc. is an oil and gas exploration, development and production company. The company has a market cap of $646.02 million. The Firm conducts its activities in the Western Canadian Sedimentary basin, primarily in the provinces of Alberta, British Columbia and Saskatchewan. It currently has negative earnings. Crew Oil and Gas Inc. is a wholly owned subsidiary of the Company and has three partnerships, including Crew Energy Partnership, Crew Heavy Oil Partnership and Crew Conventional Partnership.

According to Zacks Investment Research, “Crane Co. is a diversified manufacturer of highly engineered industrial products. Crane provides products and solutions to customers in the aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising, transportation and other markets. The Company has five business segments: Aerospace & Electronics, Fluid Handling, Engineered Materials, Merchandising Systems, and Controls.” Get a free copy of the Zacks research report on Crew Energy Inc (CR).