Crew Energy (TSE:CR) Price Target Cut to C$0.25 by Analysts at Raymond James

Crew Energy (TSE:CR) had its target price reduced by Raymond James from C$0.50 to C$0.25 in a research note issued to investors on Wednesday, BayStreet.CA reports. Raymond James currently has an underperform rating on the stock.

A number of other analysts also recently issued reports on the company. Laurentian Bank of Canada decreased their price target on Crew Energy from C$0.85 to C$0.75 in a report on Wednesday, March 11th. Laurentian decreased their price target on Crew Energy from C$0.85 to C$0.75 in a report on Wednesday, March 11th. Cormark decreased their price target on Crew Energy from C$1.25 to C$0.80 in a report on Wednesday, March 11th. National Bank Financial downgraded Crew Energy from a sector perform rating to an underperform rating and decreased their price target for the stock from C$0.50 to C$0.25 in a report on Tuesday, March 10th. Finally, Scotiabank decreased their price target on Crew Energy from C$1.00 to C$0.75 in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Crew Energy currently has a consensus rating of Hold and an average target price of C$0.71.

TSE:CR remained flat at $C$0.20 during midday trading on Wednesday. The company had a trading volume of 812,271 shares, compared to its average volume of 621,448. The firm has a market cap of $29.55 million and a price-to-earnings ratio of 2.53. The business’s 50-day simple moving average is C$0.32 and its two-hundred day simple moving average is C$0.48. Crew Energy has a 52-week low of C$0.14 and a 52-week high of C$1.36. The company has a debt-to-equity ratio of 38.41, a current ratio of 1.07 and a quick ratio of 0.58.

Crew Energy (TSE:CR) last released its earnings results on Tuesday, March 10th. The company reported C($0.02) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of C($0.02). The company had revenue of C$44.94 million during the quarter, compared to analysts’ expectations of C$46.80 million. As a group, equities research analysts predict that Crew Energy will post -0.130625 earnings per share for the current fiscal year.

In other news, Director John Albert Brussa bought 77,000 shares of Crew Energy stock in a transaction dated Wednesday, January 22nd. The stock was acquired at an average cost of C$0.49 per share, with a total value of C$37,730.00. Following the acquisition, the director now owns 849,868 shares of the company’s stock, valued at C$416,435.32. Insiders bought a total of 270,000 shares of company stock valued at $130,230 over the last three months.

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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