Crescent Energy (CRGY) Set to Announce Quarterly Earnings on Monday

Crescent Energy (NYSE:CRGY - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Crescent Energy (NYSE:CRGY - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.05. The company had revenue of $653.28 million for the quarter, compared to analyst estimates of $619.00 million. Crescent Energy had a net margin of 0.61% and a return on equity of 13.41%. On average, analysts expect Crescent Energy to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Crescent Energy Trading Down 2.9 %

Shares of CRGY traded down $0.36 during mid-day trading on Monday, reaching $12.20. The company had a trading volume of 2,110,325 shares, compared to its average volume of 2,366,480. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of -61.05 and a beta of 2.19. The firm has a fifty day simple moving average of $11.71 and a 200-day simple moving average of $11.74. Crescent Energy has a fifty-two week low of $9.88 and a fifty-two week high of $13.85. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.13.

Crescent Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a $0.12 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.93%. Crescent Energy's dividend payout ratio (DPR) is presently -240.00%.

Insider Buying and Selling

In other Crescent Energy news, Director Michael Duginski purchased 9,344 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $10.62 per share, for a total transaction of $99,233.28. Following the completion of the purchase, the director now owns 201,081 shares in the company, valued at $2,135,480.22. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have acquired 12,294 shares of company stock worth $131,297. 13.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CRGY shares. Truist Financial cut their target price on shares of Crescent Energy from $19.00 to $15.00 and set a "buy" rating on the stock in a research note on Monday, September 30th. Pickering Energy Partners started coverage on shares of Crescent Energy in a research note on Monday. They issued an "outperform" rating on the stock. Wells Fargo & Company cut their target price on shares of Crescent Energy from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Monday, October 21st. Stephens raised their target price on shares of Crescent Energy from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Wolfe Research started coverage on shares of Crescent Energy in a research note on Thursday, July 18th. They issued an "outperform" rating and a $16.00 target price on the stock. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $15.70.

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.