Crew Energy Inc to Post Q4 2017 Earnings of $0.03 Per Share, Cormark Forecasts (CR)
Crew Energy Inc (TSE:CR) – Cormark cut their Q4 2017 earnings estimates for shares of Crew Energy in a research note issued on Friday. Cormark analyst A. Arif now expects that the company will post earnings of $0.03 per share for the quarter, down from their previous forecast of $0.04.
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Other research analysts have also issued reports about the company. CSFB dropped their target price on Crew Energy from C$5.00 to C$4.75 in a research report on Friday. Eight Capital dropped their target price on Crew Energy from C$6.25 to C$6.00 in a research report on Friday. Laurentian dropped their target price on Crew Energy from C$5.75 to C$5.25 in a research report on Friday, October 6th. Laurentian Bank of Canada dropped their target price on Crew Energy from C$5.75 to C$5.25 in a research report on Friday, October 6th. Finally, TD Securities lowered Crew Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$5.50 to C$5.00 in a research report on Monday, October 2nd. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of C$7.40.
Crew Energy (CR) opened at C$4.28 on Monday. Crew Energy has a 52-week low of C$3.40 and a 52-week high of C$8.10.
In other news, insider Gmt Capital Corp bought 11,000 shares of the company’s stock in a transaction on Monday, September 18th. The shares were bought at an average cost of C$3.17 per share, with a total value of C$34,870.00. Over the last ninety days, insiders acquired 531,800 shares of company stock worth $1,725,468.
About Crew Energy
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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