Crescent Energy (CRGY) Stock Price, News & Analysis

$12.02
+0.38 (+3.26%)
(As of 05/17/2024 ET)
Today's Range
$11.42
$12.19
50-Day Range
$10.24
$12.56
52-Week Range
$9.17
$14.22
Volume
3.68 million shs
Average Volume
1.79 million shs
Market Capitalization
$2.13 billion
P/E Ratio
N/A
Dividend Yield
3.99%
Price Target
$16.50

Crescent Energy MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
37.3% Upside
$16.50 Price Target
Short Interest
Bearish
10.96% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.70mentions of Crescent Energy in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$136.21 M Sold Last Quarter
Proj. Earnings Growth
62.50%
From $1.28 to $2.08 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.60 out of 5 stars

Oils/Energy Sector

18th out of 241 stocks

Crude Petroleum & Natural Gas Industry

8th out of 78 stocks

CRGY stock logo

About Crescent Energy Stock (NYSE:CRGY)

Crescent Energy Company, an energy company, acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. The company holds a portfolio of oil and natural gas assets in key proven regions, including Eagle Ford and Uinta basins. The company is based in Houston, Texas.

CRGY Stock Price History

CRGY Stock News Headlines

John Goff helps hatch big mixed-use plan in Houston
Demystifying Crescent Energy: Insights From 5 Analyst Reviews
7 Affordable Energy Stocks to Buy Under $20
Analyst Scoreboard: 4 Ratings For Crescent Energy
Shhh! 7 Small-Cap Stocks That Can Double by 2025
See More Headlines
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Company Calendar

Last Earnings
3/04/2024
Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Today
5/18/2024
Ex-Dividend for 6/7 Dividend
5/20/2024
Dividend Payable
6/07/2024
Next Earnings (Estimated)
8/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.50
High Stock Price Target
$20.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+37.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$67.61 million
Pretax Margin
1.50%

Debt

Sales & Book Value

Annual Sales
$2.38 billion
Cash Flow
$5.07 per share
Book Value
$11.25 per share

Miscellaneous

Free Float
154,040,000
Market Cap
$2.13 billion
Optionable
Optionable
Beta
2.29
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CRGY Stock Analysis - Frequently Asked Questions

Should I buy or sell Crescent Energy stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Crescent Energy in the last twelve months. There are currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CRGY shares.
View CRGY analyst ratings
or view top-rated stocks.

What is Crescent Energy's stock price target for 2024?

7 brokerages have issued twelve-month target prices for Crescent Energy's shares. Their CRGY share price targets range from $13.00 to $20.00. On average, they predict the company's share price to reach $16.50 in the next twelve months. This suggests a possible upside of 37.3% from the stock's current price.
View analysts price targets for CRGY
or view top-rated stocks among Wall Street analysts.

How have CRGY shares performed in 2024?

Crescent Energy's stock was trading at $13.21 at the beginning of the year. Since then, CRGY shares have decreased by 9.0% and is now trading at $12.02.
View the best growth stocks for 2024 here
.

When is Crescent Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 14th 2024.
View our CRGY earnings forecast
.

How were Crescent Energy's earnings last quarter?

Crescent Energy (NYSE:CRGY) announced its quarterly earnings data on Monday, March, 4th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.37. The firm earned $657.73 million during the quarter, compared to the consensus estimate of $584.12 million. Crescent Energy had a negative net margin of 0.67% and a positive trailing twelve-month return on equity of 12.90%.

How often does Crescent Energy pay dividends? What is the dividend yield for Crescent Energy?

Crescent Energy announced a quarterly dividend on Monday, May 6th. Shareholders of record on Tuesday, May 21st will be given a dividend of $0.12 per share on Friday, June 7th. This represents a $0.48 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Monday, May 20th.
Read our dividend analysis for CRGY
.

Is Crescent Energy a good dividend stock?

Crescent Energy (NYSE:CRGY) pays an annual dividend of $0.48 per share and currently has a dividend yield of 4.12%. CRGY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for CRGY.

Who are Crescent Energy's major shareholders?

Crescent Energy's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.18%), Bridgeway Capital Management LLC (0.90%), Zimmer Partners LP (0.84%), Yaupon Capital Management LP (0.51%), Empowered Funds LLC (0.43%) and Seven Grand Managers LLC (0.22%). Insiders that own company stock include Benjamin Conner, Brandi Kendall, David C Rockecharlie, Energy Aggregator Independence, John Clayton Rynd, Karen Jo Simon, Kkr Group Partnership LP, Retirement System Of T Teacher and Todd Falk.
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.

This page (NYSE:CRGY) was last updated on 5/19/2024 by MarketBeat.com Staff

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