Crew Energy (TSE:CR) Sets New 12-Month High on Analyst Upgrade

Shares of Crew Energy Inc. (TSE:CR) reached a new 52-week high during mid-day trading on Monday after National Bankshares raised their price target on the stock from C$6.75 to C$7.00. The company traded as high as C$7.19 and last traded at C$7.18, with a volume of 337721 shares. The stock had previously closed at C$7.04.

A number of other equities analysts also recently issued reports on CR. Scotiabank increased their price target on shares of Crew Energy from C$8.00 to C$10.70 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. BMO Capital Markets increased their price target on shares of Crew Energy from C$5.25 to C$6.75 and gave the stock a “market perform” rating in a research note on Tuesday, August 13th. Cormark downgraded shares of Crew Energy from a “buy” rating to a “market perform” rating and increased their price target for the stock from C$7.00 to C$8.90 in a research note on Tuesday, August 13th. Desjardins downgraded shares of Crew Energy from a “hold” rating to a “tender” rating and increased their price target for the stock from C$5.50 to C$7.00 in a research note on Tuesday, August 13th. Finally, Canaccord Genuity Group cut shares of Crew Energy from a “buy” rating to a “hold” rating and upped their price objective for the stock from C$5.75 to C$6.75 in a report on Tuesday, August 13th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$7.58.

Crew Energy Trading Up 0.8 %

The stock’s fifty day moving average price is C$6.07 and its 200 day moving average price is C$5.01. The company has a quick ratio of 0.92, a current ratio of 0.69 and a debt-to-equity ratio of 7.39. The stock has a market cap of C$1.14 billion, a PE ratio of 16.88, a PEG ratio of 0.09 and a beta of 1.56.

Crew Energy (TSE:CR) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.08 earnings per share for the quarter. The company 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, sell-side analysts forecast that Crew Energy Inc. 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.