Crew Energy (TSE:CR) Trading Up 1.9% – Still a Buy?

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

Analyst Upgrades and Downgrades

CR has been the subject of a number of research reports. Royal Bank of Canada increased their price target on Crew Energy from C$6.00 to C$6.75 and gave the company a “sector perform” rating in a research note on Tuesday, August 13th. Scotiabank raised their target price on Crew Energy from C$8.00 to C$10.70 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th. Canaccord Genuity Group cut 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 research report on Tuesday, August 13th. Cormark lowered Crew Energy from a “buy” rating to a “market perform” rating and increased their price objective for the stock from C$7.00 to C$8.90 in a report on Tuesday, August 13th. Finally, Desjardins cut Crew Energy from a “hold” rating to a “tender” rating and boosted their price target for the stock from C$5.50 to C$7.00 in a research report on Tuesday, August 13th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$7.39.

Crew Energy Trading Up 1.9 %

The company has a market cap of C$1.16 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 0.09 and a beta of 1.55. The business’s fifty day moving average price is C$7.08 and its 200 day moving average price is C$5.38. 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.