Mizuho Raises Crescent Energy (NYSE:CRGY) Price Target to $14.00

Crescent Energy (NYSE:CRGY - Free Report) had its price target increased by Mizuho from $13.00 to $14.00 in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other analysts also recently issued reports about the company. Wolfe Research assumed coverage on Crescent Energy in a report on Thursday, July 18th. They set an "outperform" rating and a $16.00 price target for the company. Truist Financial lowered their target price on Crescent Energy from $19.00 to $15.00 and set a "buy" rating for the company in a report on Monday, September 30th. Evercore ISI restated an "outperform" rating and set a $17.00 price target on shares of Crescent Energy in a report on Tuesday, September 24th. Wells Fargo & Company reduced their price objective on shares of Crescent Energy from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. began coverage on shares of Crescent Energy in a research note on Wednesday, September 18th. They set a "neutral" rating and a $12.00 target price on the stock. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $15.80.

Crescent Energy Trading Up 3.4 %

Shares of Crescent Energy stock traded up $0.43 during midday trading on Tuesday, reaching $12.96. The company had a trading volume of 3,265,856 shares, compared to its average volume of 2,356,084. The firm has a market cap of $2.30 billion, a PE ratio of 647.50 and a beta of 2.19. The stock has a fifty day moving average price of $11.86 and a 200 day moving average price of $11.78. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.87 and a quick ratio of 1.87. Crescent Energy has a fifty-two week low of $9.88 and a fifty-two week high of $13.85.

Crescent Energy (NYSE:CRGY - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.05. Crescent Energy had a net margin of 0.61% and a return on equity of 13.41%. The company had revenue of $653.28 million for the quarter, compared to analyst estimates of $619.00 million. On average, equities analysts anticipate that Crescent Energy will post 1.11 earnings per share for the current year.

Insider Activity

In related news, Director Michael Duginski acquired 9,344 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $10.62 per share, with a total value of $99,233.28. Following the completion of the purchase, the director now directly owns 201,081 shares in the company, valued at $2,135,480.22. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 12,294 shares of company stock worth $131,297 over the last three months. 13.20% of the stock is currently owned by insiders.

Institutional Trading of Crescent Energy

Several institutional investors have recently made changes to their positions in the company. CWM LLC boosted its position in Crescent Energy by 618.9% in the second quarter. CWM LLC now owns 2,128 shares of the company's stock worth $25,000 after purchasing an additional 1,832 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Crescent Energy during the 2nd quarter worth $32,000. Farther Finance Advisors LLC boosted its holdings in shares of Crescent Energy by 15,675.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,155 shares of the company's stock worth $35,000 after buying an additional 3,135 shares during the last quarter. Spirit of America Management Corp NY bought a new position in Crescent Energy during the second quarter valued at about $36,000. Finally, Amalgamated Bank grew its position in Crescent Energy by 86.4% during the third quarter. Amalgamated Bank now owns 4,903 shares of the company's stock valued at $54,000 after buying an additional 2,272 shares during the period. Institutional investors own 52.11% of the company's stock.

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.