Crescent Energy (CRGY) Stock Price, News & Analysis

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Crescent Energy in the last twelve months. There are currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CRGY shares.
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7 Wall Street analysts have issued 12 month target prices for Crescent Energy's stock. Their CRGY share price targets range from $13.00 to $19.00. On average, they anticipate the company's share price to reach $16.25 in the next year. This suggests a possible upside of 48.1% from the stock's current price.
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Crescent Energy's stock was trading at $13.21 at the start of the year. Since then, CRGY stock has decreased by 17.0% and is now trading at $10.97.
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Crescent Energy saw a increase in short interest in the month of 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 trading volume, of 1,140,000 shares, the days-to-cover ratio is presently 8.5 days. Approximately 11.9% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
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Crescent Energy (NYSE:CRGY) issued its 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 firm had revenue of $657.73 million for the quarter, compared to analysts' expectations of $584.12 million. Crescent Energy had a trailing twelve-month return on equity of 13.30% and a net margin of 2.84%.

Crescent Energy declared a quarterly dividend on Monday, March 4th. Shareholders of record on Friday, March 15th will be given a dividend of $0.12 per share on Thursday, March 28th. This represents a $0.48 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for CRGY.

Crescent Energy (NYSE:CRGY) pays an annual dividend of $0.48 per share and currently has a dividend yield of 4.45%. 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 30.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRGY.

ETFs with the largest weight of Crescent Energy (NYSE:CRGY) stock in their portfolio include Invesco Energy Exploration & Production ETF (PXE), EA Bridgeway Omni Small-Cap Value ETF (BSVO), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) and First Trust Natural Gas ETF (FCG).iShares U.S. Oil & Gas Exploration & Production ETF (IEO).

Crescent Energy's stock is owned by a variety of retail and institutional investors. Top institutional investors include Northside Capital Management LLC (0.21%), CFM Wealth Partners LLC (0.03%), Sunbelt Securities Inc. (0.02%) and GAMMA Investing LLC (0.00%). 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.
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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.
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