Crescent Energy Company (NYSE:CRGY – Get Free Report) has been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $15.7273.
CRGY has been the subject of several recent analyst reports. Zacks Research raised shares of Crescent Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. JPMorgan Chase & Co. upgraded shares of Crescent Energy from a “neutral” rating to an “overweight” rating and set a $19.00 target price for the company in a research note on Friday, March 20th. Wall Street Zen upgraded shares of Crescent Energy from a “hold” rating to a “buy” rating in a report on Sunday. William Blair restated an “outperform” rating on shares of Crescent Energy in a report on Friday, March 6th. Finally, Johnson Rice restated an “accumulate” rating and set a $19.00 price objective on shares of Crescent Energy in a report on Wednesday, March 25th.
Institutional Inflows and Outflows
Crescent Energy Price Performance
NYSE CRGY opened at $12.73 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.12. The company has a fifty day simple moving average of $12.63 and a 200 day simple moving average of $10.33. The company has a market cap of $4.20 billion, a P/E ratio of -16.97 and a beta of 1.44. Crescent Energy has a 1 year low of $7.68 and a 1 year high of $14.29.
Crescent Energy (NYSE:CRGY – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.14. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Crescent Energy had a negative net margin of 7.47% and a positive return on equity of 8.10%. Crescent Energy’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 EPS. On average, sell-side analysts predict that Crescent Energy will post 1.84 EPS for the current year.
Crescent Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, May 18th. This represents a $0.48 annualized dividend and a dividend yield of 3.8%. Crescent Energy’s payout ratio is presently -64.00%.
About Crescent Energy
Crescent Energy Co (NYSE: CRGY) is an independent exploration and production company focused on the acquisition, development and production of oil and natural gas resources in North America. Headquartered in Oklahoma City, the company’s core business activities include the identification and appraisal of prospective acreage, the design and execution of drilling and completion programs, and the ongoing operation and optimization of producing wells. Crescent Energy’s integrated approach emphasizes capital efficiency, reservoir quality and operational reliability to support sustainable cash flow generation over the commodity cycle.
Crescent Energy’s operations are concentrated in the Permian Basin, with a particular focus on the Delaware Basin’s stacked pay intervals.
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