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

Shares of Crew Energy Inc. (TSE:CR) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$7.58.

CR has been the topic of a number of research analyst reports. Desjardins lowered shares of Crew Energy from a “hold” rating to a “tender” rating and boosted their price objective for the company from C$5.50 to C$7.00 in a report on Tuesday, August 13th. BMO Capital Markets upped their price target on shares of Crew Energy from C$5.25 to C$6.75 and gave the company a “market perform” rating in a report on Tuesday, August 13th. Royal Bank of Canada upped their price target on shares of Crew Energy from C$6.00 to C$6.75 and gave the company a “sector perform” rating in a report on Tuesday, August 13th. Scotiabank upped their price target 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, TD Securities reaffirmed a “buy” rating and issued a C$6.00 price target on shares of Crew Energy in a report on Thursday, August 8th.

Crew Energy Price Performance

Shares of CR opened at C$7.40 on Friday. The firm has a market capitalization of C$1.16 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 0.09 and a beta of 1.56. The company has a debt-to-equity ratio of 7.39, a current ratio of 0.69 and a quick ratio of 0.92. Crew Energy has a 1-year low of C$3.61 and a 1-year high of C$7.50. The company’s fifty day moving average price is C$6.20 and its 200-day moving average price is C$5.05.

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