Cormark Brokers Decrease Earnings Estimates for Crew Energy Inc (CR)
Crew Energy Inc (TSE:CR) – Investment analysts at Cormark dropped their FY2018 earnings per share (EPS) estimates for shares of Crew Energy in a report issued on Tuesday. Cormark analyst A. Arif now expects that the company will earn ($0.43) per share for the year, down from their previous forecast of ($0.42). Cormark also issued estimates for Crew Energy’s FY2019 earnings at ($0.61) EPS.
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Separately, Eight Capital restated a “buy” rating and set a C$6.25 price target on shares of Crew Energy in a research report on Wednesday. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$8.43.
Crew Energy (CR) opened at 4.44 on Thursday. The stock’s 50 day moving average price is $3.94 and its 200-day moving average price is $4.24. The stock’s market cap is $661.16 million. Crew Energy has a 12 month low of $3.40 and a 12 month high of $8.10.
In other Crew Energy news, insider Gmt Capital Corp acquired 9,800 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The stock was bought at an average price of C$3.13 per share, with a total value of C$30,674.00. In the last ninety days, insiders have purchased 39,300 shares of company stock valued at $124,282.
About Crew Energy
Crew Energy Inc is a Canada-based oil and gas exploration, development and production company. It is a growth-oriented oil and natural gas producer. The Company’s activities are primarily focused in the Montney Resource situated in northeast British Columbia. Its Montney Resource is complemented by its Lloydminster heavy oil property in Alberta and Saskatchewan.
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