Crew Energy (TSE:CR) Shares Cross Below 200-Day Moving Average of $4.81

Crew Energy Inc. (TSE:CR) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.81 and traded as low as C$4.49. Crew Energy shares last traded at C$4.56, with a volume of 313,837 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CR. BMO Capital Markets set a C$5.25 target price on Crew Energy and gave the company a “market perform” rating in a research report on Tuesday, April 9th. Raymond James lowered their price objective on Crew Energy from C$8.50 to C$7.50 and set an “outperform” rating on the stock in a research report on Friday, January 19th. National Bankshares lowered their price objective on Crew Energy from C$7.00 to C$5.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 10th. ATB Capital lowered their price objective on Crew Energy from C$7.25 to C$6.50 and set a “strong-buy” rating on the stock in a research report on Wednesday, March 20th. Finally, Desjardins lowered their price objective on Crew Energy from C$6.50 to C$6.25 and set a “buy” rating on the stock in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$6.69.

Crew Energy Trading Down 0.7 %

The company has a debt-to-equity ratio of 5.83, a quick ratio of 0.92 and a current ratio of 0.74. The firm has a market capitalization of C$712.41 million, a price-to-earnings ratio of 6.16, a P/E/G ratio of 0.09 and a beta of 1.65. The company has a 50 day moving average price of C$4.52 and a two-hundred day moving average price of C$4.81.

Crew Energy (TSE:CR) last announced its earnings results on Thursday, March 7th. The company reported C$0.24 earnings per share for the quarter. The business had revenue of C$90.14 million during the quarter. Crew Energy had a return on equity of 9.61% and a net margin of 38.98%. On average, research analysts forecast that Crew Energy Inc. will post 0.5334064 EPS for the current year.

Insider Transactions at Crew Energy

In other news, Director Gail Hannon sold 7,019 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of C$4.44, for a total transaction of C$31,136.28. In related news, Director Gail Hannon sold 7,019 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$4.44, for a total value of C$31,136.28. Also, Director Karen Nielsen sold 18,649 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of C$4.55, for a total value of C$84,797.00. Insiders sold a total of 30,916 shares of company stock valued at $140,735 in the last three months. 7.35% of the stock is currently owned by company insiders.

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.