Insider Selling: Crew Energy Inc. (TSE:CR) Director Sells 18,640 Shares of Stock

Crew Energy Inc. (TSE:CRGet Rating) Director Karen Nielsen sold 18,640 shares of the business’s stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of C$5.54, for a total transaction of C$103,265.60. Following the completion of the sale, the director now owns 198,259 shares in the company, valued at C$1,098,354.86.

CR traded down C$0.18 on Tuesday, reaching C$5.37. 1,004,010 shares of the company traded hands, compared to its average volume of 1,322,703. The stock’s 50 day moving average price is C$4.06 and its 200-day moving average price is C$3.46. Crew Energy Inc. has a 52-week low of C$0.88 and a 52-week high of C$5.68. The company has a market cap of C$818.82 million and a price-to-earnings ratio of 4.23. The company has a debt-to-equity ratio of 40.87, a current ratio of 0.45 and a quick ratio of 0.45.

Crew Energy (TSE:CRGet Rating) last announced its quarterly earnings data on Tuesday, March 8th. The company reported C$0.31 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.10 by C$0.21. The company had revenue of C$103.15 million for the quarter. As a group, equities research analysts forecast that Crew Energy Inc. will post 0.519 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on CR shares. Cormark lifted their target price on shares of Crew Energy from C$6.00 to C$7.50 and gave the stock a “buy” rating in a research report on Monday. National Bankshares dropped their target price on shares of Crew Energy from C$5.75 to C$5.00 in a research report on Thursday, April 14th. Raymond James lifted their target price on shares of Crew Energy from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a research report on Friday, March 25th. Scotiabank lifted their target price on shares of Crew Energy from C$4.50 to C$6.00 in a research report on Tuesday, March 8th. Finally, BMO Capital Markets lifted their target price on shares of Crew Energy from C$4.50 to C$5.00 in a research report on Wednesday, March 9th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$4.94.

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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