Analysts Set Crescent Energy (NYSE:CRGY) Price Target at $15.70

Crescent Energy (NYSE:CRGY - Get Free Report) has been given an average rating of "Buy" by the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Two equities 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 company. The average twelve-month target price among analysts that have covered the stock in the last year is $15.70.

Several research analysts have issued reports on the stock. 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. JPMorgan Chase & Co. initiated coverage on Crescent Energy in a report on Wednesday, September 18th. They set a "neutral" rating and a $12.00 price target for the company. Stephens boosted their price objective on Crescent Energy from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, October 28th. Wells Fargo & Company decreased their target price on Crescent Energy from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Monday, October 21st. Finally, Truist Financial dropped their price target on Crescent Energy from $19.00 to $15.00 and set a "buy" rating on the stock in a research note on Monday, September 30th.

Insider Buying and Selling at Crescent Energy

In related news, Director Michael Duginski purchased 9,344 shares of the business's stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $10.62 per share, for a total transaction of $99,233.28. Following the purchase, the director now owns 201,081 shares of the company's stock, valued at approximately $2,135,480.22. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have acquired 12,294 shares of company stock valued at $131,297. Corporate insiders own 13.20% of the company's stock.

Hedge Funds Weigh In On Crescent Energy

A number of hedge funds have recently bought and sold shares of CRGY. Callahan Advisors LLC bought a new stake in Crescent Energy in the 3rd quarter worth about $602,000. Amalgamated Bank grew its holdings in shares of Crescent Energy by 86.4% in the third quarter. Amalgamated Bank now owns 4,903 shares of the company's stock valued at $54,000 after acquiring an additional 2,272 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Crescent Energy by 135.1% during the third quarter. Harbor Capital Advisors Inc. now owns 36,934 shares of the company's stock valued at $404,000 after acquiring an additional 21,221 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Crescent Energy by 15,675.0% during the third quarter. Farther Finance Advisors LLC now owns 3,155 shares of the company's stock worth $35,000 after acquiring an additional 3,135 shares during the period. Finally, Montgomery Investment Management Inc. purchased a new position in Crescent Energy in the third quarter worth $272,000. 52.11% of the stock is owned by hedge funds and other institutional investors.

Crescent Energy Trading Up 2.2 %

Shares of CRGY stock traded up $0.27 during mid-day trading on Monday, reaching $12.53. 2,414,095 shares of the stock traded hands, compared to its average volume of 2,351,813. The stock's fifty day simple moving average is $11.83 and its two-hundred day simple moving average is $11.77. Crescent Energy has a 1-year low of $9.88 and a 1-year high of $13.85. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.13. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 626.50 and a beta of 2.18.

Crescent Energy (NYSE:CRGY - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05. The company had revenue of $653.28 million for the quarter, compared to analysts' expectations of $619.00 million. Crescent Energy had a net margin of 0.61% and a return on equity of 13.41%. On average, research analysts anticipate that Crescent Energy will post 1.1 EPS for the current fiscal year.

Crescent Energy Company Profile

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.