Crescent Energy (CRGY) to Release Earnings on Monday

Crescent Energy (NYSE:CRGYGet Free Report) will announce its earnings results after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Crescent Energy (NYSE:CRGYGet Free Report) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.44. The company had revenue of $492.34 million during the quarter, compared to the consensus estimate of $470.00 million. Crescent Energy had a net margin of 7.30% and a return on equity of 32.29%. On average, analysts expect Crescent Energy to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Crescent Energy Stock Down 0.2 %

Crescent Energy stock opened at $12.49 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.91. The firm has a market cap of $2.09 billion, a P/E ratio of 2.93, a P/E/G ratio of 8.49 and a beta of 2.38. The business has a fifty day moving average of $12.38 and a two-hundred day moving average of $11.50. Crescent Energy has a twelve month low of $9.17 and a twelve month high of $15.14.

Crescent Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 23rd were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend was Tuesday, August 22nd. Crescent Energy’s payout ratio is 11.24%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CRGY. Truist Financial upped their target price on Crescent Energy from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, September 13th. Mizuho upped their price target on shares of Crescent Energy from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, September 18th. Wells Fargo & Company lifted their price objective on shares of Crescent Energy from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Bank of America boosted their price objective on shares of Crescent Energy from $12.00 to $13.00 in a report on Wednesday, September 27th. Finally, Stephens began coverage on Crescent Energy in a research report on Tuesday, September 26th. They set an “overweight” rating and a $17.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Based on data from, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.17.

Read Our Latest Stock Report on CRGY

Insider Activity

In other news, insider David C. Rockecharlie bought 2,500 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were bought at an average price of $12.29 per share, with a total value of $30,725.00. Following the completion of the transaction, the insider now directly owns 52,500 shares in the company, valued at $645,225. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 13.20% of the company’s stock.

Institutional Investors Weigh In On Crescent Energy

A number of hedge funds have recently bought and sold shares of CRGY. Vanguard Group Inc. grew its stake in shares of Crescent Energy by 45.8% during the third quarter. Vanguard Group Inc. now owns 3,201,580 shares of the company’s stock worth $43,125,000 after purchasing an additional 1,005,961 shares in the last quarter. BlackRock Inc. raised its position in shares of Crescent Energy by 12.3% during the 2nd quarter. BlackRock Inc. now owns 2,817,609 shares of the company’s stock worth $29,359,000 after acquiring an additional 308,715 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Crescent Energy during the 2nd quarter worth about $2,562,000. State Street Corp lifted its stake in Crescent Energy by 16.2% during the first quarter. State Street Corp now owns 1,098,549 shares of the company’s stock worth $19,049,000 after purchasing an additional 152,945 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Crescent Energy by 677.1% in the fourth quarter. American Century Companies Inc. now owns 160,240 shares of the company’s stock valued at $1,921,000 after purchasing an additional 139,621 shares in the last quarter. Institutional investors and hedge funds own 53.31% of the company’s stock.

Crescent Energy Company Profile

(Get Free Report)

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 basins, including the Eagle Ford, Rockies, Barnett, Permian, and Mid-Con in the United States.

Further Reading

Earnings History for Crescent Energy (NYSE:CRGY)

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