Brokerages Set Crew Energy Inc. (TSE:CR) Price Target at C$7.39

Crew Energy Inc. (TSE:CR) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$7.39.

A number of analysts have recently weighed in on CR shares. National Bankshares upped their price objective on Crew Energy from C$6.75 to C$7.00 in a research report on Friday, September 27th. TD Securities restated a “buy” rating and set a C$6.00 price objective on shares of Crew Energy in a research report on Thursday, August 8th. BMO Capital Markets upped their target price on Crew Energy from C$5.25 to C$6.75 and gave the company a “market perform” rating in a research report on Tuesday, August 13th. Cormark cut 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. Finally, Royal Bank of Canada lifted their target price on Crew Energy from C$6.00 to C$6.75 and gave the company a “sector perform” rating in a research note on Tuesday, August 13th.

Crew Energy Stock Up 1.9 %

Shares of TSE:CR opened at C$7.40 on Friday. The firm has a market capitalization of C$1.16 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 0.09 and a beta of 1.55. Crew Energy has a 1 year low of C$3.61 and a 1 year 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 firm’s 50-day moving average is C$6.82 and its two-hundred day moving average is C$5.22.

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.