Crew Energy (TSE:CR) Shares Cross Below 200-Day Moving Average of $4.81

Crew Energy Inc. (TSE:CR) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.81 and traded as low as C$4.49. Crew Energy shares last traded at C$4.56, with a volume of 313,837 shares traded.

Wall Street Analyst Weigh In

CR has been the topic of several recent analyst reports. ATB Capital reduced their target price on Crew Energy from C$7.25 to C$6.50 and set a “strong-buy” rating on the stock in a research report on Wednesday, March 20th. TD Securities reduced their target price on Crew Energy from C$6.50 to C$5.50 and set a “buy” rating on the stock in a research report on Friday, February 9th. Raymond James cut their price objective on Crew Energy from C$8.50 to C$7.50 and set an “outperform” rating on the stock in a report on Friday, January 19th. Desjardins cut their price objective on Crew Energy from C$6.50 to C$6.25 and set a “buy” rating on the stock in a report on Friday, March 22nd. Finally, National Bankshares cut their price objective on Crew Energy from C$7.00 to C$5.00 and set an “outperform” rating on the stock in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Crew Energy currently has a consensus rating of “Buy” and an average price target of C$6.69.

Crew Energy Trading Down 0.7 %

The business has a fifty day moving average price of C$4.52 and a 200 day moving average price of C$4.81. The company has a market capitalization of C$712.41 million, a PE ratio of 6.16, a P/E/G ratio of 0.09 and a beta of 1.65. The company has a debt-to-equity ratio of 5.83, a quick ratio of 0.92 and a current ratio of 0.74.

Crew Energy (TSE:CR) last posted its earnings results on Thursday, March 7th. The company reported C$0.24 earnings per share (EPS) for the quarter. Crew Energy had a return on equity of 9.61% and a net margin of 38.98%. The business had revenue of C$90.14 million during the quarter. Analysts expect that Crew Energy Inc. will post 0.5334064 EPS for the current fiscal year.

Insider Activity

In other news, Director Karen Nielsen sold 18,649 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of C$4.55, for a total value of C$84,797.00. In other Crew Energy news, Director Gail Hannon sold 7,019 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of C$4.44, for a total transaction of C$31,136.28. Also, Director Karen Nielsen sold 18,649 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of C$4.55, for a total value of C$84,797.00. Over the last quarter, insiders sold 30,916 shares of company stock worth $140,735. 7.35% of the stock is currently owned by corporate insiders.

Crew Energy Company Profile

Crew Energy Inc engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids (NGL) in Canada. The company's principal properties include Montney oil and liquids-rich natural gas assets comprising Septimus, West Septimus, Groundbirch, and Monias and Tower located in the northeast British Columbia.