Crescent Energy (CRGY) Stock Price, News & Analysis

Company Overview

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. The company is based in Houston, Texas.

Key Stats

• Today's Range: $13.76 to $14.15
• 50-Day Range: $10.31 to $14.03
• 52-Week Range: $9.88 to $14.18
• Volume: 1.23 million shs
• Average Volume: 2.35 million shs
• Market Capitalization: $2.44 billion
• P/E Ratio: 22.19
• Dividend Yield: 3.49%
• Price Target: $15.80
• Consensus Rating: Buy

Crescent Energy Stock Analysis - MarketRank™

Crescent Energy scored higher than 91% of companies evaluated by MarketBeat, and ranked 32nd out of 265 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Crescent Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Crescent Energy has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 52.58%

Earnings Growth

Earnings for Crescent Energy are expected to grow by 52.58% in the coming year, from $0.97 to $1.48 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Crescent Energy is 22.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.85.

Price to Earnings Ratio vs. Sector

The P/E ratio of Crescent Energy is 22.19, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.08.

Price to Book Value per Share Ratio

Crescent Energy has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

11.62% of the float of Crescent Energy has been sold short.

Short Interest Ratio / Days to Cover

Crescent Energy has a short interest ratio ("days to cover") of 5.7.

Change versus previous month

Short interest in Crescent Energy has recently decreased by 10.68%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Crescent Energy pays a meaningful dividend of 3.48%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Crescent Energy does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Crescent Energy is 77.42%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Crescent Energy will have a dividend payout ratio of 32.43% next year. This indicates that Crescent Energy will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

11.62% of the float of Crescent Energy has been sold short.

Short Interest Ratio / Days to Cover

Crescent Energy has a short interest ratio ("days to cover") of 5.7.

Change versus previous month

Short interest in Crescent Energy has recently decreased by 10.68%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.94

News Sentiment

Crescent Energy has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Crescent Energy this week, compared to 4 articles on an average week.

Search Interest

Only 3 people have searched for CRGY on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Crescent Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Crescent Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought $21,574.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

13.20% of the stock of Crescent Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

52.11% of the stock of Crescent Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CRGY Stock Analysis - Frequently Asked Questions

How have CRGY shares performed this year?

Crescent Energy's stock was trading at $13.21 at the start of the year. Since then, CRGY shares have increased by 4.2% and is now trading at $13.76.
View the best growth stocks for 2024 here.

How were Crescent Energy's earnings last quarter?

Crescent Energy (NYSE:CRGY) released its quarterly earnings results on Monday, November, 4th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.11. The firm had revenue of $744.87 million for the quarter, compared to analysts' expectations of $793.88 million. Crescent Energy had a net margin of 2.17% and a trailing twelve-month return on equity of 12.53%.

Who are Crescent Energy's major shareholders?

Crescent Energy's top institutional shareholders include State Street Corp (3.82%), The Manufacturers Life Insurance Company (2.08%), Geode Capital Management LLC (1.89%) and Segall Bryant & Hamill LLC (1.73%). Insiders that own company stock include Retirement System Of T Teacher, Kkr Group Partnership LP, Michael Duginski, David C Rockecharlie, Karen Jo Simon, Bo Shi, Brandi Kendall, Benjamin Conner, John Clayton Rynd, Todd Falk and Energy Aggregator Independence.
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.

What other stocks do shareholders of Crescent Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Crescent Energy investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX), Broadcom (AVGO), Tesla (TSLA) and Intel (INTC).

Company Calendar

• Ex-Dividend for 9/3 Dividend: 8/19/2024
• Dividend Payable: 9/03/2024
• Last Earnings: 11/04/2024
• Today: 11/17/2024
• Ex-Dividend for 12/2 Dividend: 11/18/2024
• Dividend Payable: 12/02/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/03/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:CRGY
• CUSIP: N/A
• CIK: 1866175
• Web: www.contango.com
• Phone: 713-337-4600
• Fax: 713-236-4424
• Employees: 700
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $15.80
• High Stock Price Target: $19.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: +14.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.62
• Trailing P/E Ratio: 22.19
• Forward P/E Ratio: 14.19
• P/E Growth: N/A
• Net Income: $67.61 million
• Net Margins: 2.17%
• Pretax Margin: 7.23%
• Return on Equity: 12.53%
• Return on Assets: 3.61%

Debt

• Debt-to-Equity Ratio: 1.12
• Current Ratio: 0.93
• Quick Ratio: 0.93

Sales & Book Value

• Annual Sales: $2.71 billion
• Price / Sales: 0.90
• Cash Flow: $4.90 per share
• Price / Cash Flow: 2.81
• Book Value: $16.20 per share
• Price / Book: 0.85

Miscellaneous

• Outstanding Shares: 177,465,000
• Free Float: 154,040,000
• Market Cap: $2.44 billion
• Optionable: Optionable
• Beta: 2.19