Crescent Energy (CRGY) to Release Earnings on Monday

Crescent Energy (NYSE:CRGY) 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:CRGY) 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.17.

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

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.