Crescent Energy Company (NYSE:CRGY) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analyst consensus: Fourteen brokers give Crescent Energy a "Moderate Buy" average recommendation (1 sell, 3 hold, 8 buy, 2 strong buy) with a 12‑month average price target of $15.73.
• Earnings beat: In the quarter reported May 4, Crescent posted EPS of $0.53 versus $0.39 expected and revenue of $1.18B versus $1.15B, with revenue up 24.5% year‑over‑year despite a negative net margin.
• Dividend and key metrics: The company announced a $0.12 quarterly dividend (3.9% yield) payable June 1 (ex‑dividend May 18); shares trade around $12.40 with a $4.06B market cap and a 52‑week range of $7.68–$14.29.

Crescent Energy Company (NYSE:CRGY - Get Free Report) has been assigned an average rating of "Moderate Buy" from the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $15.7273.

CRGY has been the topic of several analyst reports. Jefferies Financial Group reiterated a "hold" rating and set a $9.00 price target on shares of Crescent Energy in a research note on Sunday, January 25th. Johnson Rice restated an "accumulate" rating and issued a $19.00 price objective on shares of Crescent Energy in a research note on Wednesday, March 25th. Zacks Research upgraded Crescent Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 3rd. Wall Street Zen lowered Crescent Energy from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $20.00 price target on shares of Crescent Energy in a research report on Thursday, April 30th.

Crescent Energy Stock Down 5.4%

CRGY stock opened at $12.40 on Friday. The company has a market cap of $4.06 billion, a price-to-earnings ratio of -16.53 and a beta of 1.44. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.48 and a current ratio of 0.57. The business's 50-day moving average is $12.53 and its two-hundred day moving average is $10.24. Crescent Energy has a fifty-two week low of $7.68 and a fifty-two week high of $14.29.

Crescent Energy (NYSE:CRGY - Get Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.14. Crescent Energy had a positive return on equity of 8.10% and a negative net margin of 7.47%.The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the company posted $0.57 EPS. The business's quarterly revenue was up 24.5% compared to the same quarter last year. As a group, analysts forecast that Crescent Energy will post 1.58 earnings per share for the current year.

Crescent Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, May 18th. Crescent Energy's dividend payout ratio is currently -64.00%.

Hedge Funds Weigh In On Crescent Energy

Several large investors have recently added to or reduced their stakes in CRGY. Vanguard Group Inc. boosted its holdings in shares of Crescent Energy by 34.6% during the 4th quarter. Vanguard Group Inc. now owns 27,292,081 shares of the company's stock valued at $228,981,000 after purchasing an additional 7,015,982 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Crescent Energy by 775.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,303,260 shares of the company's stock worth $27,714,000 after purchasing an additional 2,925,780 shares during the last quarter. State Street Corp increased its holdings in shares of Crescent Energy by 27.6% in the fourth quarter. State Street Corp now owns 12,808,605 shares of the company's stock worth $107,464,000 after purchasing an additional 2,767,096 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Crescent Energy by 77.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,105,558 shares of the company's stock worth $42,836,000 after buying an additional 2,234,324 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Crescent Energy by 20.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 12,872,215 shares of the company's stock worth $107,999,000 after buying an additional 2,213,352 shares in the last quarter. Hedge funds and other institutional investors own 52.11% of the company's stock.

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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