Crew Energy (TSE:CR) Upgraded to “Buy” by Scotiabank

Scotiabank upgraded shares of Crew Energy (TSE:CRGet Rating) from a sector perform rating to a buy rating in a report published on Monday, BayStreet.CA reports. They currently have C$9.00 price target on the stock, up from their prior price target of C$8.00.

Other research analysts also recently issued reports about the stock. ATB Capital lifted their target price on shares of Crew Energy from C$8.00 to C$8.75 in a research report on Friday, August 19th. Royal Bank of Canada lifted their target price on shares of Crew Energy from C$6.50 to C$7.50 and gave the stock a sector perform rating in a research report on Friday, August 19th. National Bankshares lifted their target price on shares of Crew Energy from C$6.75 to C$7.50 and gave the stock a sector perform rating in a research report on Friday, August 19th. Stifel Nicolaus lifted their target price on shares of Crew Energy from C$8.00 to C$10.00 in a research report on Friday, August 19th. Finally, Raymond James lifted their target price on shares of Crew Energy from C$8.00 to C$9.00 and gave the stock an outperform rating in a research report on Friday, August 19th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Crew Energy has a consensus rating of Moderate Buy and an average target price of C$7.89.

Crew Energy Stock Up 5.7 %

CR stock opened at C$5.93 on Monday. Crew Energy has a 52 week low of C$2.03 and a 52 week high of C$6.99. The company has a market capitalization of C$928.92 million and a price-to-earnings ratio of 3.24. The firm’s 50-day moving average is C$5.68 and its two-hundred day moving average is C$5.24. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 30.66.

Crew Energy (TSE:CRGet Rating) last released its earnings results on Monday, August 8th. The company reported C$0.55 EPS for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.18. The business had revenue of C$198.24 million during the quarter. On average, analysts forecast that Crew Energy will post 1.11 earnings per share for the current fiscal year.

Insider Transactions at Crew Energy

In related news, Director John Albert Brussa bought 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 22nd. The stock was purchased at an average cost of C$4.82 per share, for a total transaction of C$241,000.00. Following the purchase, the director now directly owns 1,606,293 shares in the company, valued at C$7,742,332.26.

About Crew Energy

(Get Rating)

Crew Energy Inc engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids (NGL) in Canada. It primarily holds interests in Septimus, West Septimus, Groundbirch/Monias, Tower, and Attachie, areas located in the southwest, south, and west of Fort St.

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