Crescent Energy (NYSE:CRGY - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $13.86 and last traded at $13.86, with a volume of 107976 shares trading hands. The stock had previously closed at $13.61.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on CRGY shares. Mizuho raised their price target on Crescent Energy from $13.00 to $14.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Truist Financial dropped their price target on Crescent Energy from $19.00 to $15.00 and set a "buy" rating for the company in a research report on Monday, September 30th. Wells Fargo & Company dropped their price target on Crescent Energy from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday, October 21st. Stephens raised their price target on Crescent Energy from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. started coverage on Crescent Energy in a report on Wednesday, September 18th. They set a "neutral" rating and a $12.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $15.80.
Read Our Latest Stock Report on CRGY
Crescent Energy Price Performance
The company's 50 day moving average price is $11.98 and its 200-day moving average price is $11.85. The company has a market capitalization of $2.49 billion, a PE ratio of 22.32 and a beta of 2.19. The company has a current ratio of 0.93, a quick ratio of 1.87 and a debt-to-equity ratio of 1.12.
Crescent Energy (NYSE:CRGY - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.11. Crescent Energy had a net margin of 2.17% and a return on equity of 12.53%. The firm had revenue of $744.87 million during the quarter, compared to analysts' expectations of $793.88 million. During the same period in the prior year, the company earned $0.35 EPS. On average, sell-side analysts forecast that Crescent Energy will post 1.11 earnings per share for the current fiscal year.
Crescent Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.48 dividend on an annualized basis and a yield of 3.42%. Crescent Energy's dividend payout ratio (DPR) is 77.42%.
Hedge Funds Weigh In On Crescent Energy
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Crescent Energy during the 1st quarter valued at approximately $210,000. Swiss National Bank increased its position in shares of Crescent Energy by 19.3% in the 1st quarter. Swiss National Bank now owns 183,980 shares of the company's stock worth $2,189,000 after purchasing an additional 29,800 shares during the last quarter. Sei Investments Co. increased its position in shares of Crescent Energy by 14.9% in the 1st quarter. Sei Investments Co. now owns 43,470 shares of the company's stock worth $517,000 after purchasing an additional 5,624 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Crescent Energy by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 13,856 shares of the company's stock worth $165,000 after purchasing an additional 1,085 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of Crescent Energy in the 1st quarter worth about $262,000. 52.11% of the stock is owned by hedge funds and other institutional investors.
About Crescent Energy
(
Get Free Report)
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.
Featured Stories
Before you consider Crescent Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Crescent Energy wasn't on the list.
While Crescent Energy currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
