Crescent Energy (CRGY) Stock Price, News & Analysis

$12.32
+0.45 (+3.79%)
(As of 05/8/2024 ET)
Today's Range
$11.84
$12.47
50-Day Range
$10.24
$12.00
52-Week Range
$9.17
$14.22
Volume
3.55 million shs
Average Volume
1.38 million shs
Market Capitalization
$2.21 billion
P/E Ratio
9.55
Dividend Yield
3.90%
Price Target
$16.38

Crescent Energy MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
32.9% Upside
$16.38 Price Target
Short Interest
Bearish
11.02% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.07mentions of Crescent Energy in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$136.21 M Sold Last Quarter
Proj. Earnings Growth
62.50%
From $1.28 to $2.08 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.93 out of 5 stars

Oils/Energy Sector

4th out of 240 stocks

Crude Petroleum & Natural Gas Industry

1st out of 78 stocks

CRGY stock logo

About Crescent Energy Stock (NYSE:CRGY)

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 regions, including Eagle Ford and Uinta basins. The company is based in Houston, Texas.

CRGY Stock Price History

CRGY Stock News Headlines

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CRGY Apr 2024 7.500 put
See More Headlines
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Company Calendar

Last Earnings
3/04/2024
Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Today
5/08/2024
Ex-Dividend for 6/7 Dividend
5/20/2024
Dividend Payable
6/07/2024
Next Earnings (Estimated)
8/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.38
High Stock Price Target
$20.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+33.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$67.61 million
Pretax Margin
14.49%

Debt

Sales & Book Value

Annual Sales
$2.38 billion
Cash Flow
$5.69 per share
Book Value
$9.65 per share

Miscellaneous

Free Float
155,942,000
Market Cap
$2.20 billion
Optionable
Optionable
Beta
2.29
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CRGY Stock Analysis - Frequently Asked Questions

Should I buy or sell Crescent Energy stock right now?

7 Wall Street 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 analysts is that investors should "buy" CRGY shares.
View CRGY analyst ratings
or view top-rated stocks.

What is Crescent Energy's stock price target for 2024?

7 analysts have issued twelve-month price objectives for Crescent Energy's stock. Their CRGY share price targets range from $13.00 to $20.00. On average, they anticipate the company's share price to reach $16.38 in the next year. This suggests a possible upside of 32.9% from the stock's current price.
View analysts price targets for CRGY
or view top-rated stocks among Wall Street analysts.

How have CRGY shares performed in 2024?

Crescent Energy's stock was trading at $13.21 on January 1st, 2024. Since then, CRGY shares have decreased by 6.7% and is now trading at $12.32.
View the best growth stocks for 2024 here
.

When is Crescent Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 14th 2024.
View our CRGY earnings forecast
.

How were Crescent Energy's earnings last quarter?

Crescent Energy (NYSE:CRGY) announced 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 earned $657.73 million during the quarter, compared to analyst estimates of $584.12 million. Crescent Energy had a trailing twelve-month return on equity of 13.30% and a net margin of 2.84%.

How often does Crescent Energy pay dividends? What is the dividend yield for Crescent Energy?

Crescent Energy announced a quarterly dividend on Monday, May 6th. Stockholders of record on Tuesday, May 21st will be given a dividend of $0.12 per share on Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date is Monday, May 20th.
Read our dividend analysis for CRGY
.

Is Crescent Energy a good dividend stock?

Crescent Energy (NYSE:CRGY) pays an annual dividend of $0.48 per share and currently has a dividend yield of 4.54%. 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 23.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRGY.

Who are Crescent Energy's major shareholders?

Crescent Energy's stock is owned by a number of retail and institutional investors. Top institutional investors include Empowered Funds LLC (0.43%), Seven Grand Managers LLC (0.22%), Northside Capital Management LLC (0.21%), Thomist Capital Management LP (0.14%), Capstone Investment Advisors LLC (0.13%) and Swiss National Bank (0.10%). 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.
View institutional ownership trends
.

How do I buy shares of Crescent Energy?

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.
Compare Top Brokerages Here.

This page (NYSE:CRGY) was last updated on 5/8/2024 by MarketBeat.com Staff

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