Shares of Crescent Energy (NYSE:CRGY – Get Free Report) have received a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $17.45.
Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Crescent Energy from $18.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday. Siebert Williams Shank assumed coverage on shares of Crescent Energy in a research note on Monday, February 3rd. They set a “buy” rating for the company. Truist Financial raised their price target on shares of Crescent Energy from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Citigroup lowered shares of Crescent Energy to a “reduce” rating in a report on Wednesday, March 5th. Finally, Raymond James boosted their target price on shares of Crescent Energy from $22.00 to $23.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd.
View Our Latest Research Report on CRGY
Insider Transactions at Crescent Energy
Institutional Investors Weigh In On Crescent Energy
Institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in Crescent Energy by 15,675.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,155 shares of the company’s stock worth $35,000 after purchasing an additional 3,135 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Crescent Energy by 35.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,704 shares of the company’s stock worth $40,000 after purchasing an additional 705 shares in the last quarter. Jones Financial Companies Lllp grew its position in Crescent Energy by 206.7% in the 4th quarter. Jones Financial Companies Lllp now owns 3,527 shares of the company’s stock worth $52,000 after purchasing an additional 2,377 shares in the last quarter. Amalgamated Bank grew its position in Crescent Energy by 86.4% in the 3rd quarter. Amalgamated Bank now owns 4,903 shares of the company’s stock worth $54,000 after purchasing an additional 2,272 shares in the last quarter. Finally, Quarry LP grew its position in Crescent Energy by 263.4% in the 4th quarter. Quarry LP now owns 4,353 shares of the company’s stock worth $64,000 after purchasing an additional 3,155 shares in the last quarter. 52.11% of the stock is owned by institutional investors.
Crescent Energy Price Performance
CRGY stock opened at $10.87 on Friday. The company has a fifty day moving average price of $14.38 and a 200-day moving average price of $13.48. The company has a market capitalization of $2.81 billion, a P/E ratio of 17.52 and a beta of 2.18. Crescent Energy has a 52-week low of $9.88 and a 52-week high of $16.94. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.93 and a current ratio of 0.93.
Crescent Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Wednesday, March 12th. Crescent Energy’s payout ratio is presently -69.57%.
Crescent Energy Company Profile
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.
See Also
- Five stocks we like better than Crescent Energy
- Are Penny Stocks a Good Fit for Your Portfolio?
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- Quiet Period Expirations Explained
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- 10 Best Airline Stocks to Buy
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for Crescent Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Energy and related companies with MarketBeat.com's FREE daily email newsletter.