Crew Energy Inc. (TSE:CR) Given Consensus Recommendation of “Buy” by Brokerages

Crew Energy Inc. (TSE:CR) has earned an average recommendation of “Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$6.69.

A number of equities research analysts have commented on the stock. BMO Capital Markets set a C$5.25 price objective on shares of Crew Energy and gave the company a “market perform” rating in a research report on Tuesday, April 9th. ATB Capital lowered their target price on shares of Crew Energy from C$7.25 to C$6.50 and set a “strong-buy” rating for the company in a research note on Wednesday, March 20th. Finally, Desjardins cut their price target on Crew Energy from C$6.50 to C$6.25 and set a “buy” rating on the stock in a research note on Friday, March 22nd.

Insider Buying and Selling

In other news, Director Karen Nielsen sold 18,649 shares of Crew Energy stock in a transaction dated Monday, April 15th. The stock was sold at an average price of C$4.55, for a total transaction of C$84,797.00. 7.91% of the stock is owned by company insiders.

Crew Energy Price Performance

Shares of TSE CR opened at C$4.29 on Friday. The stock’s 50-day moving average is C$4.41 and its two-hundred day moving average is C$4.43. The company has a debt-to-equity ratio of 8.07, a current ratio of 0.52 and a quick ratio of 0.92. The company has a market cap of C$674.04 million, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 0.09 and a beta of 1.66. Crew Energy has a 1-year low of C$3.73 and a 1-year high of C$6.61.

Crew Energy (TSE:CR) last released its earnings results on Thursday, May 9th. The company reported C$0.07 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.04). The firm had revenue of C$84.44 million for the quarter. Crew Energy had a return on equity of 6.99% and a net margin of 30.10%. Analysts forecast that Crew Energy will post 0.3776042 EPS for the current fiscal year.

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.