Analysts Set Crew Energy Inc. (TSE:CR) Target Price at C$6.69

Shares of Crew Energy Inc. (TSE:CR) have earned an average recommendation of “Buy” from the six brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$6.69.

CR has been the subject of several recent research reports. National Bankshares decreased their price target on Crew Energy from C$7.00 to C$5.00 and set an “outperform” rating for the company in a report on Wednesday, January 10th. BMO Capital Markets set a C$5.25 price target on shares of Crew Energy and gave the stock a “market perform” rating in a report on Tuesday, April 9th. ATB Capital lowered their price target on shares of Crew Energy from C$7.25 to C$6.50 and set a “strong-buy” rating on the stock in a report on Wednesday, March 20th. Desjardins lowered their price target on shares of 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, TD Securities dropped 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.

Crew Energy Stock Performance

Shares of CR stock opened at C$4.58 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.74 and a debt-to-equity ratio of 5.83. Crew Energy has a 52 week low of C$3.73 and a 52 week high of C$6.61. The firm has a 50 day moving average of C$4.58 and a 200-day moving average of C$4.70. The company has a market cap of C$715.53 million, a price-to-earnings ratio of 6.19, a price-to-earnings-growth ratio of 0.09 and a beta of 1.65.

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

Insider Activity at Crew Energy

In related news, Director Karen Nielsen sold 18,649 shares of the stock in a transaction on 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 news, Director Gail Hannon sold 7,019 shares of the firm’s stock in a transaction dated 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 dated Monday, April 15th. The shares were sold at an average price of C$4.55, for a total value of C$84,797.00. Insiders have sold a total of 30,916 shares of company stock valued at $140,735 over the last 90 days. 7.35% of the stock is owned by 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.