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 Stock Down 2.1 %

Crew Energy stock opened at C$5.95 on Wednesday. The stock has a market cap of C$932.05 million and a price-to-earnings ratio of 2.95. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 30.66. The company's 50-day moving average price is C$5.14 and its two-hundred day moving average price is C$4.78. Crew Energy has a 52 week low of C$1.52 and a 52 week high of C$6.80.

Crew Energy (TSE:CR - Get Rating) last released its earnings results on Monday, August 8th. The company reported C$0.55 EPS for the quarter, beating the consensus estimate of C$0.37 by C$0.18. The company had revenue of C$198.24 million for the quarter. On average, analysts expect that Crew Energy will post 1.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CR shares. Cormark raised their price target on shares of Crew Energy from C$7.50 to C$8.50 and gave the stock a "buy" rating in a research report on Friday, May 6th. BMO Capital Markets raised their price target on shares of Crew Energy from C$7.00 to C$8.00 in a research report on Friday, May 6th. Scotiabank raised their price target on shares of Crew Energy from C$7.50 to C$8.00 in a research report on Tuesday, August 9th. Raymond James lifted their price objective on shares of Crew Energy from C$7.50 to C$8.00 and gave the company an "outperform" rating in a research report on Wednesday, August 10th. Finally, National Bankshares cut their price objective on shares of Crew Energy from C$7.50 to C$6.75 and set a "sector perform" rating on the stock in a research report on Monday, July 18th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Crew Energy presently has an average rating of "Moderate Buy" and an average target price of C$6.61.

Insider Buying and Selling at Crew Energy

In other news, Senior Officer Kurtis Fischer sold 36,097 shares of Crew Energy stock in a transaction that occurred on 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 transaction, the insider now owns 676,770 shares of the company's stock, valued at approximately C$4,376,671.59. In other news, Senior Officer Kurtis Fischer sold 36,097 shares of Crew Energy stock in a transaction that occurred on 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 transaction, the insider now owns 676,770 shares of the company's stock, valued at approximately C$4,376,671.59. Also, Director John Albert Brussa bought 50,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the director now owns 1,606,293 shares of the company's stock, valued at C$7,742,332.26.