Crescent Energy (CRGY) to Release Quarterly Earnings on Monday

Crescent Energy (NYSE:CRGY - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data after the market closes on Monday, May 5th. Analysts expect the company to announce earnings of $0.46 per share and revenue of $937.55 million for the quarter.

Crescent Energy Trading Up 2.7 %

Shares of CRGY opened at $8.73 on Monday. Crescent Energy has a 1 year low of $6.83 and a 1 year high of $16.94. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.12. The stock has a 50 day simple moving average of $10.43 and a 200-day simple moving average of $13.01. The stock has a market cap of $2.26 billion, a PE ratio of 14.08 and a beta of 1.88.

Crescent Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were issued a $0.12 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.50%. Crescent Energy's payout ratio is presently -69.57%.

Insider Buying and Selling

In other Crescent Energy news, Director Michael Duginski acquired 4,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $10.38 per share, with a total value of $41,520.00. Following the purchase, the director now owns 233,607 shares of the company's stock, valued at $2,424,840.66. This represents a 1.74 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Energy Aggregator Independence sold 2,948,723 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $9.91, for a total value of $29,221,844.93. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 24,932 shares of company stock valued at $263,219. 13.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CRGY shares. Mizuho increased their price target on Crescent Energy from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price objective on Crescent Energy from $18.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Stephens reiterated an "overweight" rating and issued a $17.00 price objective on shares of Crescent Energy in a research report on Monday, March 3rd. Williams Trading set a $16.00 price objective on Crescent Energy in a research report on Wednesday, March 5th. Finally, Siebert Williams Shank assumed coverage on Crescent Energy in a research report on Monday, February 3rd. They issued a "buy" rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $16.80.

About Crescent Energy

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.

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