Crescent Energy (CRGY) Stock Price, News & Analysis

$10.50
+0.26 (+2.54%)
(As of 05/2/2024 ET)
Today's Range
$10.38
$10.58
50-Day Range
$10.24
$12.00
52-Week Range
$9.17
$14.22
Volume
1.03 million shs
Average Volume
1.33 million shs
Market Capitalization
$1.89 billion
P/E Ratio
8.14
Dividend Yield
4.57%
Price Target
$16.38

Crescent Energy MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
56.0% Upside
$16.38 Price Target
Short Interest
Bearish
11.02% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.40mentions of Crescent Energy in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$136.21 M Sold Last Quarter
Proj. Earnings Growth
62.50%
From $1.28 to $2.08 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.79 out of 5 stars

Oils/Energy Sector

11th out of 233 stocks

Crude Petroleum & Natural Gas Industry

3rd out of 73 stocks

CRGY stock logo

About Crescent Energy Stock (NYSE:CRGY)

Crescent Energy Company, an energy company, acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. The company holds a portfolio of oil and natural gas assets in key proven regions, including Eagle Ford and Uinta basins. The company is based in Houston, Texas.

CRGY Stock Price History

CRGY Stock News Headlines

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Crescent Energy (NYSE:CRGY) Price Target Raised to $20.00
Urgent dollar warning
Your 2024 Election Money Blueprint Voters are angrier than ever, and it's likely to keep getting worse. The media and Wall Street keep declaring how great the economy supposedly is... but no one – besides the ultra-rich – seems to feel that way. Protect yourself with this one simple move today.
Analyst Scoreboard: 4 Ratings For Crescent Energy
Shhh! 7 Small-Cap Stocks That Can Double by 2025
CRGY Apr 2024 7.500 put
See More Headlines
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Company Calendar

Last Earnings
3/04/2024
Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Today
5/02/2024
Next Earnings (Confirmed)
5/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.38
High Stock Price Target
$20.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+56.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$67.61 million
Pretax Margin
14.49%

Debt

Sales & Book Value

Annual Sales
$2.38 billion
Cash Flow
$4.86 per share
Book Value
$9.65 per share

Miscellaneous

Free Float
155,942,000
Market Cap
$1.89 billion
Optionable
Optionable
Beta
2.29
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CRGY Stock Analysis - Frequently Asked Questions

Should I buy or sell Crescent Energy stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Crescent Energy in the last year. There are currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CRGY shares.
View CRGY analyst ratings
or view top-rated stocks.

What is Crescent Energy's stock price target for 2024?

7 brokers have issued 12 month target prices for Crescent Energy's stock. Their CRGY share price targets range from $13.00 to $20.00. On average, they anticipate the company's share price to reach $16.38 in the next twelve months. This suggests a possible upside of 56.0% from the stock's current price.
View analysts price targets for CRGY
or view top-rated stocks among Wall Street analysts.

How have CRGY shares performed in 2024?

Crescent Energy's stock was trading at $13.21 at the start of the year. Since then, CRGY shares have decreased by 20.5% and is now trading at $10.50.
View the best growth stocks for 2024 here
.

Are investors shorting Crescent Energy?

Crescent Energy saw a increase in short interest in March. As of March 15th, there was short interest totaling 9,640,000 shares, an increase of 6.2% from the February 29th total of 9,080,000 shares. Based on an average daily volume of 1,140,000 shares, the short-interest ratio is currently 8.5 days. Approximately 11.9% of the company's stock are short sold.
View Crescent Energy's Short Interest
.

When is Crescent Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our CRGY earnings forecast
.

How can I listen to Crescent Energy's earnings call?

Crescent Energy will be holding an earnings conference call on Tuesday, May 7th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Crescent Energy's earnings last quarter?

Crescent Energy (NYSE:CRGY) announced its quarterly earnings results on Monday, March, 4th. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.37. The business earned $657.73 million during the quarter, compared to analysts' expectations of $584.12 million. Crescent Energy had a net margin of 2.84% and a trailing twelve-month return on equity of 13.30%.

How often does Crescent Energy pay dividends? What is the dividend yield for Crescent Energy?

Crescent Energy announced a quarterly dividend on Monday, March 4th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.12 per share on Thursday, March 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for CRGY
.

Is Crescent Energy a good dividend stock?

Crescent Energy (NYSE:CRGY) pays an annual dividend of $0.48 per share and currently has a dividend yield of 4.51%. CRGY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 37.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRGY will have a dividend payout ratio of 23.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRGY.

Who are Crescent Energy's major shareholders?

Crescent Energy's stock is owned by many different institutional and retail investors. Top institutional investors include Seven Grand Managers LLC (0.22%), Northside Capital Management LLC (0.21%), Thomist Capital Management LP (0.14%), Capstone Investment Advisors LLC (0.13%), Magnolia Capital Advisors LLC (0.04%) and Janney Montgomery Scott LLC (0.03%). Insiders that own company stock include Benjamin Conner, Brandi Kendall, David C Rockecharlie, Energy Aggregator Independence, John Clayton Rynd, Karen Jo Simon, Kkr Group Partnership LP, Retirement System Of T Teacher and Todd Falk.
View institutional ownership trends
.

How do I buy shares of Crescent Energy?

Shares of CRGY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CRGY) was last updated on 5/2/2024 by MarketBeat.com Staff

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