Crew Energy (TSE:CR) Hits New 12-Month High at $6.79

Crew Energy Inc. (TSE:CR)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$6.79 and last traded at C$6.64, with a volume of 1134104 shares. The stock had previously closed at C$3.90.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Cormark reduced their price target on Crew Energy from C$8.50 to C$7.00 in a research report on Thursday. TD Securities reaffirmed a “buy” rating and issued a C$6.00 target price on shares of Crew Energy in a report on Thursday. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$6.78.

Crew Energy Stock Up 73.1 %

The stock’s 50-day moving average price is C$4.17 and its two-hundred day moving average price is C$4.35. The stock has a market capitalization of C$1.06 billion, a P/E ratio of 15.44, a P/E/G ratio of 0.09 and a beta of 1.56. The company has a current ratio of 0.52, a quick ratio of 0.92 and a debt-to-equity ratio of 8.07.

Crew Energy (TSE:CR) last released its earnings results on Thursday, May 9th. The company reported C$0.07 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.04). Crew Energy had a net margin of 30.10% and a return on equity of 6.99%. The company had revenue of C$84.44 million for the quarter. As a group, research analysts expect that Crew Energy Inc. will post 0.3497758 earnings per share for the current fiscal year.

About Crew Energy

Crew Energy Inc engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids (NGL) in Canada. The company's principal properties include Montney oil and liquids-rich natural gas assets comprising Septimus, West Septimus, Groundbirch, and Monias and Tower located in the northeast British Columbia.