Crew Energy (TSE:CR) PT Raised to C$8.50

Crew Energy (TSE:CRGet Rating) had its target price hoisted by Cormark from C$7.50 to C$8.50 in a research note released on Friday morning, Marketbeat Ratings reports. Cormark currently has a buy rating on the stock.

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

Shares of TSE CR opened at C$5.18 on Friday. The stock has a market cap of C$789.85 million and a price-to-earnings ratio of 4.08. 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 has a 1-year low of C$1.02 and a 1-year high of C$6.22. The stock’s 50-day moving average is C$4.58 and its 200 day moving average is C$3.65.

Crew Energy (TSE:CRGet Rating) last announced its quarterly earnings data 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 for the quarter. On average, analysts forecast that Crew Energy will post 0.73 EPS for the current fiscal 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 stock was 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 approximately C$1,098,354.86. Also, Senior Officer James A. Taylor sold 65,916 shares of Crew Energy stock in a transaction that occurred 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 owns 627,634 shares in the company, valued at C$3,279,387.65. Insiders sold a total of 152,225 shares of company stock worth $801,247 over the last ninety days.

About Crew Energy (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.

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Analyst Recommendations for Crew Energy (TSE:CR)

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