Crew Energy (TSE:CR) Price Target Lowered to C$1.25 at Eight Capital

Crew Energy (TSE:CR) had its target price reduced by analysts at Eight Capital from C$1.60 to C$1.25 in a research note issued to investors on Friday, BayStreet.CA reports. Eight Capital’s price objective would indicate a potential upside of 71.23% from the company’s previous close.

CR has been the topic of a number of other reports. TD Securities dropped their price target on shares of Crew Energy from C$1.15 to C$1.10 and set a “buy” rating on the stock in a research note on Friday. Laurentian dropped their price target on shares of Crew Energy from C$2.00 to C$1.60 in a research note on Wednesday, July 24th. Royal Bank of Canada dropped their price target on shares of Crew Energy from C$1.50 to C$1.00 in a research note on Thursday, July 18th. National Bank Financial downgraded shares of Crew Energy from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$2.00 to C$1.20 in a research note on Tuesday, June 25th. Finally, CIBC dropped their price target on shares of Crew Energy from C$1.50 to C$1.00 in a research note on Tuesday, July 9th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of C$1.48.

Shares of TSE CR traded up C$0.03 during mid-day trading on Friday, reaching C$0.73. The company had a trading volume of 93,050 shares, compared to its average volume of 506,339. Crew Energy has a twelve month low of C$0.69 and a twelve month high of C$2.30. The company has a debt-to-equity ratio of 37.34, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $103.88 million and a PE ratio of 8.11. The stock has a 50 day simple moving average of C$0.80.

Crew Energy (TSE:CR) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C$0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.03 by C$0.01. The company had revenue of C$55.45 million during the quarter, compared to analyst estimates of C$57.20 million. Sell-side analysts forecast that Crew Energy will post 0.05 EPS for the current fiscal year.

Crew Energy Company Profile

Crew Energy Inc engages in the exploration, development, and production of crude oil and natural gas in Canada. The company primarily holds interests in assets located in the Montney area, which includes the Septimus/West Septimus, Tower, Groundbirch, Attachie, and Portage assets with 445 net sections with condensate, light oil, liquids-rich natural gas, and dry gas situated south and west of Fort St.

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Analyst Recommendations for Crew Energy (TSE:CR)

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