Insider Selling: Crew Energy Inc. (TSE:CR) Senior Officer Sells 65,916 Shares of Stock

Crew Energy Inc. (TSE:CR – Get Rating) Senior Officer James A. Taylor sold 65,916 shares of the firm’s stock in a transaction on Friday, April 8th. The stock was sold at an average price of C$5.23, for a total value of C$344,411.10. Following the completion of the sale, the insider now directly owns 627,634 shares of the company’s stock, valued at C$3,279,387.65.

Crew Energy stock traded down C$0.13 during midday trading on Monday, reaching C$5.20. 697,785 shares of the stock traded hands, compared to its average volume of 1,338,334. The company has a 50-day simple moving average of C$3.86 and a two-hundred day simple moving average of C$3.34. Crew Energy Inc. has a 12-month low of C$0.88 and a 12-month high of C$5.37. The firm has a market cap of C$792.90 million and a PE ratio of 4.20. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 40.87.

Crew Energy (TSE:CR – Get Rating) last posted its quarterly earnings results on Tuesday, March 8th. The company reported C$0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.10 by C$0.21. The company had revenue of C$103.15 million during the quarter. Equities research analysts anticipate that Crew Energy Inc. will post 0.52 earnings per share for the current year.

CR has been the subject of a number of research analyst reports. Scotiabank increased their price target on Crew Energy from C$4.50 to C$6.00 in a report on Tuesday, March 8th. BMO Capital Markets increased their price target on Crew Energy from C$4.50 to C$5.00 in a report on Wednesday, March 9th. Finally, Raymond James raised their target price on Crew Energy from C$6.00 to C$6.50 and gave the company an “outperform” rating in a report on Friday, March 25th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Crew Energy presently has an average rating of “Buy” and an average price target of C$4.50.

About Crew Energy (Get Rating)

Crew Energy Inc engages in the acquisition, exploration, development, and production of crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Septimus/West Septimus, Tower, Groundbirch/Monias, Attachie, and Portage assets comprising approximately 438 net sections with condensate, light oil, liquids-rich natural gas, and dry gas reserves located in the Montney area situated to the south and west of Fort St.

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