Crescent Energy (CRGY) to Release Earnings on Tuesday

Crescent Energy (NYSE:CRGYGet Rating) will announce its earnings results after the market closes on Tuesday, May 10th. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

NYSE:CRGY opened at $15.39 on Tuesday. Crescent Energy has a twelve month low of $11.90 and a twelve month high of $19.65. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.49. The stock’s 50 day moving average is $16.81.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Friday, March 18th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.12%. The ex-dividend date was Thursday, March 17th. Crescent Energy’s dividend payout ratio is presently -114.29%.

Separately, Truist Financial assumed coverage on shares of Crescent Energy in a research report on Friday, April 8th. They set a “buy” rating and a $25.00 target price on the stock.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Crescent Energy in the 4th quarter valued at $24,651,000. State Street Corp acquired a new position in Crescent Energy during the fourth quarter worth $11,990,000. Deutsche Bank AG acquired a new position in Crescent Energy during the fourth quarter worth $10,172,000. Geode Capital Management LLC acquired a new position in Crescent Energy during the fourth quarter worth $5,911,000. Finally, Citadel Advisors LLC acquired a new position in Crescent Energy during the fourth quarter worth $1,869,000. 25.92% of the stock is currently owned by institutional investors and hedge funds.

Crescent Energy Company Profile (Get Rating)

Crescent Energy Company, an energy company, explores for, 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 basins, including the Eagle Ford, Rockies, Barnett, Permian, Mid-Con, and other basins in the United States.

Featured Stories

Earnings History for Crescent Energy (NYSE:CRGY)

Receive News & Ratings for Crescent Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Energy and related companies with MarketBeat.com's FREE daily email newsletter.