Crew Energy (TSE:CR) Price Target Increased to C$4.25 by Analysts at Scotiabank

Crew Energy (TSE:CR) had its price target lifted by equities research analysts at Scotiabank from C$3.25 to C$4.25 in a report released on Thursday, BayStreet.CA reports. Scotiabank’s price target suggests a potential upside of 34.92% from the stock’s previous close.

A number of other equities research analysts have also recently commented on CR. Royal Bank of Canada raised their target price on Crew Energy from C$1.50 to C$2.25 and gave the company a “sector perform” rating in a research report on Friday, August 6th. BMO Capital Markets upgraded Crew Energy from a “market perform” rating to a “buy” rating and raised their target price for the company from C$2.50 to C$3.25 in a research report on Monday, September 27th. Raymond James lifted their price objective on Crew Energy to C$2.75 and gave the stock an “outperform” rating in a report on Thursday, August 5th. National Bankshares lifted their price objective on Crew Energy from C$1.50 to C$2.00 in a report on Thursday, June 17th. Finally, National Bank Financial lifted their price objective on Crew Energy to C$2.00 and gave the stock a “sector perform” rating in a report on Thursday, June 17th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$2.24.

Shares of TSE CR traded up C$0.02 during trading on Thursday, reaching C$3.15. 599,775 shares of the company traded hands, compared to its average volume of 748,734. The firm’s fifty day simple moving average is C$2.28 and its 200 day simple moving average is C$1.79. The stock has a market cap of C$493.22 million and a P/E ratio of -54.48. Crew Energy has a 12-month low of C$0.38 and a 12-month high of C$3.58. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 52.78.

Crew Energy (TSE:CR) last released its quarterly earnings data on Wednesday, August 4th. The company reported C$0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.01 by C$0.10. The company had revenue of C$68.55 million for the quarter. As a group, research analysts expect that Crew Energy will post 0.49 EPS for the current year.

About Crew Energy

Crew Energy Inc engages in the acquisition, exploration, development, and production of crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Septimus/West Septimus, Tower, Groundbirch/Monias, Attachie, and Portage assets comprising approximately 438 net sections with condensate, light oil, liquids-rich natural gas, and dry gas reserves located in the Montney area situated to the south and west of Fort St.

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Analyst Recommendations for Crew Energy (TSE:CR)

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