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Crescent Energy (CRGY) Stock Price, News & Analysis

Crescent Energy logo
$13.38 -0.30 (-2.19%)
(As of 10:10 AM ET)

About Crescent Energy Stock (NYSE:CRGY)

Key Stats

Today's Range
$13.36
$13.64
50-Day Range
$12.13
$15.27
52-Week Range
$9.88
$15.54
Volume
177,589 shs
Average Volume
2.55 million shs
Market Capitalization
$3.05 billion
P/E Ratio
21.58
Dividend Yield
3.59%
Price Target
$16.80
Consensus Rating
Buy

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.

Crescent Energy Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
81st Percentile Overall Score

CRGY MarketRank™: 

Crescent Energy scored higher than 81% of companies evaluated by MarketBeat, and ranked 66th out of 271 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about Crescent Energy's stock forecast and price target.
  • Earnings Growth

    Earnings for Crescent Energy are expected to grow by 59.18% in the coming year, from $0.98 to $1.56 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Crescent Energy is 22.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.72.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Crescent Energy is 22.06, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.16.

  • Price to Book Value per Share Ratio

    Crescent Energy has a P/B Ratio of 1.42. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    10.52% 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 4.5.
  • Change versus previous month

    Short interest in Crescent Energy has recently decreased by 6.39%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Crescent Energy pays a meaningful dividend of 3.29%, 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 30.77% next year. This indicates that Crescent Energy will be able to sustain or increase its dividend.

  • Read more about Crescent Energy's dividend.
  • Percentage of Shares Shorted

    10.52% 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 4.5.
  • Change versus previous month

    Short interest in Crescent Energy has recently decreased by 6.39%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Crescent Energy has a news sentiment score of 1.36. 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 0.66 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

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

    Only 4 people have searched for CRGY on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    7 people have added Crescent Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 250% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Crescent Energy insiders have not sold or bought any 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.

  • Read more about Crescent Energy's insider trading history.
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CRGY Stock News Headlines

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Crescent Energy: Hold Rating Amid Acquisition Impacts and Debt Concerns
Crescent Energy price target raised to $18 from $16 at Truist
See More Headlines

CRGY Stock Analysis - Frequently Asked Questions

Crescent Energy's stock was trading at $13.21 at the beginning of the year. Since then, CRGY shares have increased by 3.6% and is now trading at $13.68.
View the best growth stocks for 2024 here
.

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

Top institutional investors of Crescent Energy 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
.

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.

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

Last Earnings
11/04/2024
Ex-Dividend for 12/2 Dividend
11/18/2024
Dividend Payable
12/02/2024
Today
12/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Petroleum And Natural Gas
Employees
700
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.80
High Stock Price Target
$20.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+22.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
11 Analysts

Profitability

Net Income
$67.61 million
Pretax Margin
7.23%

Debt

Sales & Book Value

Annual Sales
$2.38 billion
Cash Flow
$4.61 per share
Book Value
$9.65 per share

Miscellaneous

Free Float
198,159,000
Market Cap
$3.12 billion
Optionable
Optionable
Beta
2.17
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This page (NYSE:CRGY) was last updated on 12/23/2024 by MarketBeat.com Staff
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