William Blair Estimates Crescent Energy FY2026 Earnings

Crescent Energy Company (NYSE:CRGY) – Equities research analysts at William Blair issued their FY2026 earnings per share estimates for shares of Crescent Energy in a research report issued to clients and investors on Tuesday, September 2nd. William Blair analyst N. Dingmann forecasts that the company will earn $0.80 per share for the year. William Blair has a “Outperform” rating on the stock. The consensus estimate for Crescent Energy’s current full-year earnings is $0.77 per share. William Blair also issued estimates for Crescent Energy’s FY2027 earnings at $1.57 EPS, FY2028 earnings at $1.93 EPS and FY2029 earnings at $2.00 EPS.

Crescent Energy (NYSE:CRGY) last released its earnings results on Monday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.20. The firm had revenue of $897.98 million during the quarter, compared to analysts’ expectations of $868.34 million. Crescent Energy had a return on equity of 13.35% and a net margin of 0.67%.

CRGY has been the subject of a number of other research reports. Wall Street Zen upgraded Crescent Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Zacks Research cut Crescent Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Raymond James Financial set a $17.00 target price on Crescent Energy and gave the stock a “strong-buy” rating in a report on Wednesday, August 27th. Mizuho decreased their price objective on Crescent Energy from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Finally, Piper Sandler raised their price objective on Crescent Energy from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Crescent Energy Price Performance

CRGY stock opened at $8.76 on Friday. The stock has a 50-day moving average price of $9.17 and a two-hundred day moving average price of $9.52. The stock has a market cap of $2.23 billion, a PE ratio of -48.64 and a beta of 1.98. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75. Crescent Energy has a 1 year low of $6.83 and a 1 year high of $16.94.

Hedge Funds Weigh In On Crescent Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its holdings in Crescent Energy by 7.4% during the first quarter. Principal Financial Group Inc. now owns 910,171 shares of the company’s stock worth $10,230,000 after purchasing an additional 62,622 shares during the period. Amalgamated Bank grew its holdings in Crescent Energy by 3.0% during the first quarter. Amalgamated Bank now owns 51,467 shares of the company’s stock worth $578,000 after purchasing an additional 1,506 shares during the period. Jump Financial LLC bought a new position in Crescent Energy during the first quarter worth about $3,355,000. Victory Capital Management Inc. grew its holdings in Crescent Energy by 12.4% during the first quarter. Victory Capital Management Inc. now owns 849,692 shares of the company’s stock worth $9,551,000 after purchasing an additional 93,690 shares during the period. Finally, KBC Group NV bought a new position in Crescent Energy during the first quarter worth about $117,000. Institutional investors own 52.11% of the company’s stock.

Crescent Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were issued a $0.12 dividend. The ex-dividend date was Monday, August 18th. This represents a $0.48 annualized dividend and a dividend yield of 5.5%. Crescent Energy’s dividend payout ratio (DPR) is presently -266.67%.

About Crescent Energy

Crescent Energy Company acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. Its portfolio of assets comprises mid-cycle unconventional and conventional assets in the Eagle Ford and Uinta Basins. It also owns and operates various midstream assets, which provide services to customers.