Crew Energy (TSE:CR) PT Raised to C$7.00

Crew Energy (TSE:CRGet Rating) had its price objective lifted by Scotiabank from C$6.50 to C$7.00 in a report published on Friday, BayStreet.CA reports.

A number of other analysts also recently weighed in on CR. National Bankshares cut their price target on shares of Crew Energy from C$5.75 to C$5.00 in a research report on Thursday, April 14th. BMO Capital Markets raised their target price on shares of Crew Energy from C$6.50 to C$7.00 in a report on Friday, April 22nd. Cormark raised 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 report on Monday, April 18th. Finally, Raymond James set a C$6.50 target price on shares of Crew Energy and gave the stock an outperform rating in a report on Friday, April 22nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of Buy and a consensus target price of C$5.61.

Shares of TSE:CR opened at C$5.18 on Friday. The company has a market capitalization of C$789.85 million and a price-to-earnings ratio of 4.08. The firm’s 50 day simple moving average is C$4.58 and its 200 day simple moving average is C$3.65. 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 has a fifty-two week low of C$1.02 and a fifty-two week high of C$6.22.

Crew Energy (TSE:CRGet Rating) last announced its quarterly earnings results on Tuesday, March 8th. The company reported C$0.31 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.10 by C$0.21. The firm had revenue of C$103.15 million during the quarter. Equities research analysts expect that Crew Energy will post 0.73 earnings per share for the current year.

In other news, Director Karen Nielsen sold 18,640 shares of Crew Energy stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of C$5.54, for a total value of C$103,265.60. Following the sale, the director now directly owns 198,259 shares in the company, valued at C$1,098,354.86. Also, Senior Officer James A. Taylor sold 67,669 shares of the firm’s stock in a transaction on Monday, April 18th. The shares were sold at an average price of C$5.23, for a total transaction of C$353,570.53. Following the completion of the transaction, the insider now directly owns 697,315 shares of the company’s stock, valued at C$3,643,470.88. Insiders sold 152,225 shares of company stock worth $801,247 over the last quarter.

Crew Energy Company Profile (Get Rating)

Crew Energy Inc engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids (NGL) in Canada. It primarily holds interests in Septimus, West Septimus, Groundbirch/Monias, Tower, and Attachie, areas located in the southwest, south, and west of Fort St.

Further Reading

Analyst Recommendations for Crew Energy (TSE:CR)

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