Brokerages Set Crew Energy Inc. (TSE:CR) Price Target at C$7.55

Crew Energy Inc. (TSE:CR) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$7.58.

A number of equities analysts recently commented on CR shares. 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 research note on Tuesday, August 13th. National Bankshares lifted their target price on shares of Crew Energy from C$6.75 to C$7.00 in a research note on Friday, September 27th. Desjardins cut shares of Crew Energy from a “hold” rating to a “tender” rating and raised their price target for the stock from C$5.50 to C$7.00 in a report on Tuesday, August 13th. Scotiabank boosted their price objective on shares of Crew Energy from C$8.00 to C$10.70 and gave the company an “outperform” rating in a report on Tuesday, August 13th. Finally, Cormark downgraded Crew Energy from a “buy” rating to a “market perform” rating and upped their target price for the company from C$7.00 to C$8.90 in a research report on Tuesday, August 13th.

Crew Energy Price Performance

CR opened at C$7.24 on Friday. The company has a market capitalization of C$1.14 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 0.09 and a beta of 1.56. The company has a current ratio of 0.69, a quick ratio of 0.92 and a debt-to-equity ratio of 7.39. Crew Energy has a 12-month low of C$3.61 and a 12-month high of C$7.29. The business’s fifty day simple moving average is C$6.07 and its 200-day simple moving average is C$5.01.

Crew Energy (TSE:CR) last posted its earnings results on Wednesday, August 7th. The company reported C$0.08 EPS for the quarter. Crew Energy had a net margin of 22.52% and a return on equity of 5.29%. The business had revenue of C$75.82 million for the quarter. On average, equities research analysts anticipate that Crew Energy will post 0.640492 earnings per share 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.