Crew Energy (TSE:CR) had its price objective lowered by equities research analysts at Canaccord Genuity from C$4.50 to C$4.00 in a report issued on Tuesday. Canaccord Genuity’s price objective indicates a potential upside of 101.01% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. BMO Capital Markets lifted their price objective on shares of Crew Energy from C$2.50 to C$3.00 in a research note on Friday, May 11th. TD Securities raised their target price on shares of Crew Energy from C$2.25 to C$2.75 in a research report on Friday, May 11th. Eight Capital raised their target price on shares of Crew Energy from C$2.25 to C$2.75 in a research report on Friday, May 11th. CIBC raised their target price on shares of Crew Energy from C$2.25 to C$2.75 in a research report on Friday, May 18th. Finally, GMP Securities set a C$3.75 target price on shares of Crew Energy in a research report on Friday, May 11th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Crew Energy has a consensus rating of “Hold” and a consensus target price of C$3.65.
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Shares of Crew Energy opened at C$1.99 on Tuesday, MarketBeat reports. Crew Energy has a 1 year low of C$1.37 and a 1 year high of C$4.71.
Crew Energy (TSE:CR) last announced its quarterly earnings data on Thursday, May 10th. The company reported C$0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.01. The business had revenue of C$59.43 million for the quarter, compared to analysts’ expectations of C$55.60 million. Crew Energy had a net margin of 4.31% and a return on equity of 0.99%.
In other news, insider John Glenn Leach sold 20,000 shares of Crew Energy stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of C$2.48, for a total transaction of C$49,600.00. Also, Director Ryan Shay purchased 26,270 shares of the business’s stock in a transaction dated Friday, May 25th. The shares were acquired at an average price of C$2.25 per share, for a total transaction of C$59,107.50. In the last 90 days, insiders acquired 147,670 shares of company stock worth $323,858 and sold 41,012 shares worth $90,458.
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.