Crew Energy Inc. (TSE:CR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

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

Several brokerages have commented on CR. Desjardins downgraded shares of Crew Energy from a “hold” rating to a “tender” rating and raised their target price for the stock from C$5.50 to C$7.00 in a report on Tuesday, August 13th. TD Securities reaffirmed a “buy” rating and set a C$6.00 price target on shares of Crew Energy in a research note on Thursday, August 8th. Canaccord Genuity Group cut shares of Crew Energy from a “buy” rating to a “hold” rating and raised their price target for the stock from C$5.75 to C$6.75 in a research note on Tuesday, August 13th. National Bankshares raised their price target on shares of Crew Energy from C$6.75 to C$7.00 in a research note on Friday, September 27th. Finally, BMO Capital Markets raised 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.

Crew Energy Stock Performance

Shares of CR stock opened at C$7.40 on Tuesday. The company has a debt-to-equity ratio of 7.39, a quick ratio of 0.92 and a current ratio of 0.69. The company has a market capitalization of C$1.16 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 0.09 and a beta of 1.55. The company’s 50 day moving average price is C$6.61 and its two-hundred day moving average price is C$5.16. Crew Energy has a 52 week low of C$3.61 and a 52 week high of C$7.50.

Crew Energy (TSE:CR) last announced its earnings results on Wednesday, August 7th. The company reported C$0.08 EPS 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%.

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.