Crew Energy (TSE:CR) Trading Up 1.9% – Here’s What Happened

Crew Energy Inc. (TSE:CR) shares traded up 1.9% during trading on Monday . The company traded as high as C$7.50 and last traded at C$7.40. 2,286,650 shares were traded during mid-day trading, an increase of 510% from the average session volume of 374,769 shares. The stock had previously closed at C$7.26.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Desjardins downgraded Crew Energy from a “hold” rating to a “tender” rating and raised their price objective for the stock from C$5.50 to C$7.00 in a research report on Tuesday, August 13th. Scotiabank upped their price target on Crew Energy from C$8.00 to C$10.70 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Royal Bank of Canada boosted their price objective on shares of Crew Energy from C$6.00 to C$6.75 and gave the stock a “sector perform” rating in a report on Tuesday, August 13th. Canaccord Genuity Group cut shares of Crew Energy from a “buy” rating to a “hold” rating and raised their target price for the stock from C$5.75 to C$6.75 in a report on Tuesday, August 13th. Finally, BMO Capital Markets boosted their target price on Crew Energy from C$5.25 to C$6.75 and gave the company a “market perform” rating in a research note on Tuesday, August 13th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Crew Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$7.39.

Crew Energy Stock Performance

The company has a market cap of C$1.16 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 0.09 and a beta of 1.55. The firm has a 50 day simple moving average of C$7.07 and a 200-day simple moving average of C$5.34. The company has a debt-to-equity ratio of 7.39, a current ratio of 0.69 and a quick ratio of 0.92.

About Crew Energy

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.