Q1 2020 EPS Estimates for Crew Energy Inc (TSE:CR) Lowered by Cormark

Crew Energy Inc (TSE:CR) – Cormark lowered their Q1 2020 earnings per share (EPS) estimates for Crew Energy in a research note issued on Wednesday, February 12th. Cormark analyst A. Arif now anticipates that the company will earn ($0.05) per share for the quarter, down from their prior forecast of ($0.02). Cormark also issued estimates for Crew Energy’s Q2 2020 earnings at ($0.05) EPS, Q3 2020 earnings at ($0.04) EPS, Q4 2020 earnings at ($0.03) EPS, FY2020 earnings at ($0.16) EPS and FY2021 earnings at ($0.18) EPS.

CR has been the topic of a number of other reports. Laurentian Bank of Canada decreased their price target on Crew Energy from C$0.90 to C$0.85 in a report on Wednesday. Royal Bank of Canada decreased their price target on Crew Energy from C$1.00 to C$0.75 in a report on Friday, October 18th. Scotiabank decreased their price target on Crew Energy from C$1.00 to C$0.75 in a report on Tuesday, January 14th. Laurentian decreased their price target on Crew Energy from C$0.90 to C$0.85 in a report on Wednesday. Finally, TD Securities raised their price target on Crew Energy from C$0.95 to C$1.00 and gave the company a “buy” rating in a report on Tuesday. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of C$0.90.

TSE:CR opened at C$0.40 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 38.75. The business’s 50-day simple moving average is C$0.49 and its two-hundred day simple moving average is C$0.55. The stock has a market cap of $62.87 million and a PE ratio of 1.67. Crew Energy has a 52 week low of C$0.40 and a 52 week high of C$1.36.

In other news, Director John Albert Brussa bought 113,000 shares of Crew Energy stock in a transaction dated Monday, January 20th. The shares were purchased at an average cost of C$0.50 per share, with a total value of C$56,500.00. Following the completion of the acquisition, the director now owns 772,868 shares of the company’s stock, valued at approximately C$386,434. Insiders bought 270,000 shares of company stock worth $130,230 over the last ninety days.

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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