Crew Energy Inc (TSE:CR) – Research analysts at Cormark upped their Q1 2020 EPS estimates for Crew Energy in a research report issued on Wednesday, March 11th. Cormark analyst A. Arif now forecasts that the company will post earnings per share of ($0.03) for the quarter, up from their prior forecast of ($0.05). Cormark also issued estimates for Crew Energy’s Q2 2020 earnings at ($0.06) EPS, Q3 2020 earnings at ($0.05) EPS, Q4 2020 earnings at ($0.04) EPS, FY2020 earnings at ($0.19) EPS and FY2021 earnings at ($0.24) EPS.
CR has been the subject of a number of other research reports. National Bank Financial cut shares of Crew Energy from a “sector perform” rating to an “underperform” rating and dropped their price objective for the company from C$0.50 to C$0.25 in a research note on Tuesday. Canaccord Genuity cut shares of Crew Energy from a “speculative buy” rating to a “hold” rating and dropped their price objective for the company from C$1.00 to C$0.30 in a research note on Tuesday. TD Securities increased their target price on shares of Crew Energy from C$0.95 to C$1.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Laurentian Bank of Canada dropped their target price on shares of Crew Energy from C$0.85 to C$0.75 in a research report on Wednesday. Finally, Scotiabank dropped their target price on shares of Crew Energy from C$1.00 to C$0.75 in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Crew Energy presently has an average rating of “Hold” and an average target price of C$0.77.
Shares of CR stock opened at C$0.24 on Friday. Crew Energy has a 52-week low of C$0.18 and a 52-week high of C$1.36. The stock has a market cap of $31.82 million and a price-to-earnings ratio of 1.00. The company has a debt-to-equity ratio of 38.75, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a fifty day moving average of C$0.38 and a 200-day moving average of C$0.50.
In related news, Director John Albert Brussa acquired 113,000 shares of the stock in a transaction on Monday, January 20th. The stock was purchased at an average price of C$0.50 per share, for a total transaction of C$56,500.00. Following the transaction, the director now owns 772,868 shares of the company’s stock, valued at approximately C$386,434. Insiders acquired a total of 270,000 shares of company stock valued at $130,230 in the last 90 days.
About Crew Energy
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.