FY2019 Earnings Forecast for Crew Energy Inc Issued By Cormark (TSE:CR)

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Crew Energy Inc (TSE:CR) – Cormark lowered their FY2019 earnings estimates for Crew Energy in a report issued on Wednesday, February 12th. Cormark analyst A. Arif now forecasts that the company will post earnings of $0.09 per share for the year, down from their previous estimate of $0.10.

A number of other analysts have also recently commented on CR. Laurentian dropped their price target on shares of Crew Energy from C$0.90 to C$0.85 in a research note on Wednesday. Scotiabank dropped their price target on shares of Crew Energy from C$1.00 to C$0.75 in a research note on Tuesday, January 14th. TD Securities upped their price target on shares of Crew Energy from C$0.95 to C$1.00 and gave the company a “buy” rating in a research note on Tuesday. Laurentian Bank of Canada dropped their price target on shares of Crew Energy from C$0.90 to C$0.85 in a research note on Wednesday. Finally, Canaccord Genuity dropped their price target on shares of Crew Energy from C$1.25 to C$1.00 in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of C$0.90.

Shares of CR stock opened at C$0.40 on Thursday. The stock has a market capitalization of $62.87 million and a P/E ratio of 1.67. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 38.75. The firm’s 50 day moving average is C$0.49 and its 200 day moving average is C$0.55. Crew Energy has a 12 month low of C$0.40 and a 12 month high of C$1.36.

In other news, Director John Albert Brussa bought 77,000 shares of the stock in a transaction on Wednesday, January 22nd. The shares were acquired at an average cost of C$0.49 per share, for a total transaction of C$37,730.00. Following the purchase, the director now directly owns 849,868 shares of the company’s stock, valued at approximately C$416,435.32. Insiders acquired a total of 270,000 shares of company stock worth $130,230 over the last quarter.

Crew Energy Company Profile

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.

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