Crew Energy Inc. (TSE:CR) Expected to Post FY2023 Earnings of $1.32 Per Share

Crew Energy Inc. (TSE:CRGet Rating) – Research analysts at Stifel Firstegy upped their FY2023 earnings estimates for Crew Energy in a report issued on Thursday, May 19th. Stifel Firstegy analyst R. Fitzmartyn now expects that the company will post earnings of $1.32 per share for the year, up from their previous forecast of $1.15.

A number of other research firms have also recently commented on CR. Scotiabank raised their price target on shares of Crew Energy from C$6.50 to C$7.00 in a report on Friday, May 6th. National Bankshares increased their price target on shares of Crew Energy from C$5.75 to C$6.00 and gave the stock a “sector perform” rating in a research note on Friday, May 6th. Raymond James set a C$6.50 price objective on shares of Crew Energy and gave the stock an “outperform” rating in a research note on Friday, May 6th. BMO Capital Markets boosted their target price on shares of Crew Energy from C$7.00 to C$8.00 in a research note on Friday, May 6th. Finally, Cormark upped their price objective on Crew Energy from C$7.50 to C$8.50 and gave the stock a “buy” rating in a research report on Friday, May 6th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Crew Energy presently has a consensus rating of “Buy” and a consensus price target of C$5.61.

Crew Energy stock opened at C$5.27 on Monday. The company’s 50-day moving average price is C$4.84 and its two-hundred day moving average price is C$3.81. Crew Energy has a twelve month low of C$1.10 and a twelve month high of C$6.22. The stock has a market cap of C$806.14 million and a P/E ratio of 4.15. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 40.87.

Crew Energy (TSE:CRGet Rating) last posted its quarterly earnings data on Tuesday, March 8th. The company reported C$0.31 earnings per share for the quarter, topping the consensus estimate of C$0.10 by C$0.21. The company had revenue of C$103.15 million during the quarter.

In related news, Director John Albert Brussa bought 20,000 shares of the company’s stock in a transaction on Monday, May 9th. The shares were purchased at an average cost of C$4.75 per share, for a total transaction of C$95,000.00. Following the completion of the purchase, the director now directly owns 1,576,293 shares in the company, valued at C$7,487,391.75. Also, Senior Officer James A. Taylor sold 67,669 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 697,315 shares in the company, valued at C$3,643,470.88. In the last ninety days, insiders have sold 152,225 shares of company stock worth $801,247.

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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