Crew Energy Inc. (TSE:CR) Receives C$7.39 Average Target Price from Brokerages

Crew Energy Inc. (TSE:CR) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$7.39.

Several equities research analysts recently commented on the stock. Desjardins lowered shares of Crew Energy from a “hold” rating to a “tender” rating and boosted their price objective for the stock from C$5.50 to C$7.00 in a research note on Tuesday, August 13th. Cormark downgraded Crew Energy from a “buy” rating to a “market perform” rating and upped their price target for the stock from C$7.00 to C$8.90 in a research note on Tuesday, August 13th. National Bankshares lifted their price objective on Crew Energy from C$6.75 to C$7.00 in a research note on Friday, September 27th. Scotiabank boosted their target price on Crew Energy from C$8.00 to C$10.70 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. Finally, Canaccord Genuity Group downgraded Crew Energy from a “buy” rating to a “hold” rating and raised their price target for the company from C$5.75 to C$6.75 in a report on Tuesday, August 13th.

Crew Energy Stock Performance

Crew Energy has a 52 week low of C$3.61 and a 52 week high of C$7.50. The company has a debt-to-equity ratio of 7.39, a current ratio of 0.69 and a quick ratio of 0.92. The company’s fifty day moving average is C$6.68 and its 200-day moving average is C$5.18. 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.

Crew Energy (TSE:CR) last issued its quarterly earnings data 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 during the quarter.

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.