Scotiabank Raises Crew Energy (TSE:CR) Price Target to C$10.70

Crew Energy (TSE:CR) had its target price upped by Scotiabank from C$8.00 to C$10.70 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 54.18% from the company’s current price.

A number of other equities analysts have also commented on CR. Royal Bank of Canada boosted their price objective on Crew Energy from C$6.00 to C$6.75 and gave the stock a “sector perform” rating in a research note on Tuesday. Desjardins downgraded Crew Energy from a “hold” rating to a “tender” rating and upped their price objective for the company from C$5.50 to C$7.00 in a report on Tuesday. BMO Capital Markets upped their price objective on Crew Energy from C$5.25 to C$6.75 and gave the company a “market perform” rating in a report on Tuesday. Cormark downgraded Crew Energy from a “buy” rating to a “market perform” rating and upped their price objective for the company from C$7.00 to C$8.90 in a report on Tuesday. Finally, TD Securities reiterated a “buy” rating and issued a C$6.00 price objective on shares of Crew Energy in a report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$7.55.

Crew Energy Price Performance

TSE:CR traded up C$0.06 during trading hours on Tuesday, reaching C$6.94. The company had a trading volume of 3,152,046 shares, compared to its average volume of 327,472. The company has a quick ratio of 0.92, a current ratio of 0.52 and a debt-to-equity ratio of 8.07. The firm has a market capitalization of C$1.09 billion, a PE ratio of 16.14, a PEG ratio of 0.09 and a beta of 1.56. The stock has a 50-day moving average of C$4.22 and a two-hundred day moving average of C$4.37. Crew Energy has a one year low of C$3.61 and a one year high of C$6.95.

Crew Energy Company Profile

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.