Crew Energy - CR Stock Forecast, Price & News

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. John in British Columbia. As of December 31, 2021, the West Septimus area had proved plus probable reserves of 51,559.2 thousand barrels (Mbbl) of NGL and 893,110 million cubic feet (Mmcf) of conventional natural gas; the Septimus area comprised of proved plus probable reserves of 4,257.6 Mbbl of light and medium crude oil, and 11,568.9 Mbbl of NGL along with 368,407 Mmcf of conventional natural gas; the Groundbirch/Monias area had total proved plus probable reserves of 9,500.5 Mbbl of NGL and 461,168 Mmcf of conventional natural gas; the Tower area comprised proved plus probable reserves of 1,599.2 Mbbl of light and medium crude oil, 619.2 Mbbl of NGL, and 23,364 Mmcf of conventional natural gas; and the Attachie area comprised proved plus probable reserves of 6,753.4 Mbbl of NGL and 164,970 Mmcf of conventional natural gas The company was incorporated in 2003 and is headquartered in Calgary, Canada.

Crew Energy Price Performance

Shares of TSE:CR opened at C$6.02 on Thursday. The stock has a market cap of C$943.01 million and a PE ratio of 2.98. Crew Energy has a fifty-two week low of C$1.52 and a fifty-two week high of C$6.80. The company has a debt-to-equity ratio of 30.66, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a fifty day moving average of C$5.13 and a 200-day moving average of C$4.79.

Crew Energy (TSE:CR - Get Rating) last posted its earnings results on Monday, August 8th. The company reported C$0.55 EPS for the quarter, topping the consensus estimate of C$0.37 by C$0.18. The business had revenue of C$198.24 million for the quarter. Equities research analysts anticipate that Crew Energy will post 1.07 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on CR. Stifel Nicolaus upped their target price on Crew Energy from C$7.50 to C$8.00 in a research report on Tuesday, August 9th. Raymond James increased their price target on Crew Energy from C$7.50 to C$8.00 and gave the stock an "outperform" rating in a report on Wednesday, August 10th. National Bankshares cut their price target on Crew Energy from C$7.50 to C$6.75 and set a "sector perform" rating on the stock in a report on Monday, July 18th. Cormark increased their price target on Crew Energy from C$7.50 to C$8.50 and gave the stock a "buy" rating in a report on Friday, May 6th. Finally, Scotiabank increased their price target on Crew Energy from C$7.50 to C$8.00 in a report on Tuesday, August 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Crew Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of C$6.61.

Insider Buying and Selling

In other news, Senior Officer Kurtis Fischer sold 36,097 shares of the company's stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of C$6.47, for a total value of C$233,439.30. Following the completion of the transaction, the insider now directly owns 676,770 shares in the company, valued at approximately C$4,376,671.59. In related news, Director John Albert Brussa bought 50,000 shares of the stock in a transaction dated Wednesday, June 22nd. The stock was bought at an average price of C$4.82 per share, with a total value of C$241,000.00. Following the purchase, the director now owns 1,606,293 shares in the company, valued at approximately C$7,742,332.26. Also, Senior Officer Kurtis Fischer sold 36,097 shares of the business's stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of C$6.47, for a total value of C$233,439.30. Following the completion of the sale, the insider now directly owns 676,770 shares of the company's stock, valued at approximately C$4,376,671.59.