Brokerages Set Crew Energy Inc. (TSE:CR) PT at C$7.39

Crew Energy Inc. (TSE:CR) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$7.39.

A number of equities research analysts have commented on CR shares. Royal Bank of Canada increased their price target on Crew Energy from C$6.00 to C$6.75 and gave the company a “sector perform” rating in a research note on Tuesday, August 13th. Desjardins downgraded Crew Energy from a “hold” rating to a “tender” rating and boosted their price target for the company from C$5.50 to C$7.00 in a report on Tuesday, August 13th. BMO Capital Markets increased their target price on shares of Crew Energy from C$5.25 to C$6.75 and gave the stock a “market perform” rating in a research note on Tuesday, August 13th. Cormark cut shares of Crew Energy from a “buy” rating to a “market perform” rating and lifted their price target for the company from C$7.00 to C$8.90 in a research note on Tuesday, August 13th. Finally, TD Securities reiterated a “buy” rating and set a C$6.00 price objective on shares of Crew Energy in a research note on Thursday, August 8th.

Crew Energy Stock Performance

Shares of Crew Energy stock opened at C$7.40 on Friday. Crew Energy has a one year low of C$3.61 and a one year high of C$7.50. The company has a 50-day simple moving average of C$6.82 and a two-hundred day simple moving average of C$5.22. The company has a debt-to-equity ratio of 7.39, a quick ratio of 0.92 and a current ratio of 0.69. The company has a market capitalization of C$1.16 billion, a PE ratio of 17.21, a P/E/G ratio of 0.09 and a beta of 1.55.

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.