Crew Energy (TSE:CR) Share Price Crosses Above 200 Day Moving Average of $4.87

Crew Energy Inc. (TSE:CR)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$4.87 and traded as high as C$6.83. Crew Energy shares last traded at C$6.83, with a volume of 199,731 shares trading hands.

Analyst Upgrades and Downgrades

CR has been the subject of a number of recent research reports. 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 report on Tuesday, August 13th. Royal Bank of Canada increased their target price on shares of Crew Energy from C$6.00 to C$6.75 and gave the stock a “sector perform” rating in a report on Tuesday, August 13th. Desjardins lowered shares of Crew Energy from a “hold” rating to a “tender” rating and lifted their price target for the company from C$5.50 to C$7.00 in a research note on Tuesday, August 13th. TD Securities restated a “buy” rating and set a C$6.00 price objective on shares of Crew Energy in a research note on Thursday, August 8th. Finally, National Bankshares downgraded Crew Energy from a “sector perform” rating to a “tender” rating and lifted their target price for the company from C$5.00 to C$6.75 in a research report on Tuesday, August 13th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.55.

Crew Energy Price Performance

The business has a fifty day moving average of C$5.58 and a 200 day moving average of C$4.87. The firm has a market cap of C$1.07 billion, a P/E ratio of 15.88, a PEG ratio of 0.09 and a beta of 1.56. The company has a quick ratio of 0.92, a current ratio of 0.69 and a debt-to-equity ratio of 7.39.

Crew Energy (TSE:CR) last issued its earnings results on Wednesday, August 7th. The company reported C$0.08 EPS for the quarter. Crew Energy had a return on equity of 5.29% and a net margin of 22.52%. The company had revenue of C$75.82 million during the quarter. On average, sell-side analysts anticipate that Crew Energy Inc. will post 0.650289 earnings per share for the current year.

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.