Crescent Energy (NYSE:CRGY - Get Free Report) had its price target dropped by equities researchers at Mizuho from $12.00 to $10.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Mizuho's target price points to a potential upside of 17.03% from the company's current price.
A number of other analysts have also issued reports on CRGY. Wall Street Zen upgraded shares of Crescent Energy from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Piper Sandler increased their price target on shares of Crescent Energy from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Wells Fargo & Company decreased their price objective on Crescent Energy from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Monday, June 16th. William Blair began coverage on Crescent Energy in a report on Monday, August 25th. They set an "outperform" rating for the company. Finally, Raymond James Financial set a $17.00 price target on Crescent Energy and gave the stock a "strong-buy" rating in a report on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Crescent Energy has an average rating of "Moderate Buy" and an average target price of $15.80.
Check Out Our Latest Research Report on Crescent Energy
Crescent Energy Stock Performance
Shares of NYSE:CRGY traded down $0.13 during trading on Monday, hitting $8.55. 1,685,531 shares of the stock traded hands, compared to its average volume of 3,687,328. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.75. The company has a market cap of $2.18 billion, a price-to-earnings ratio of -47.53 and a beta of 1.98. The company has a fifty day moving average price of $9.12 and a two-hundred day moving average price of $9.26. Crescent Energy has a 52-week low of $6.83 and a 52-week high of $16.94.
Crescent Energy (NYSE:CRGY - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.20. The firm had revenue of $897.98 million for the quarter, compared to analysts' expectations of $868.34 million. Crescent Energy had a net margin of 0.67% and a return on equity of 13.35%. As a group, equities analysts predict that Crescent Energy will post 0.77 EPS for the current year.
Institutional Investors Weigh In On Crescent Energy
Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in Crescent Energy by 7.4% during the 1st quarter. Principal Financial Group Inc. now owns 910,171 shares of the company's stock worth $10,230,000 after purchasing an additional 62,622 shares during the last quarter. Amalgamated Bank increased its holdings in Crescent Energy by 3.0% during the 1st quarter. Amalgamated Bank now owns 51,467 shares of the company's stock worth $578,000 after purchasing an additional 1,506 shares during the last quarter. Jump Financial LLC purchased a new stake in Crescent Energy during the 1st quarter worth approximately $3,355,000. Victory Capital Management Inc. increased its holdings in Crescent Energy by 12.4% during the 1st quarter. Victory Capital Management Inc. now owns 849,692 shares of the company's stock worth $9,551,000 after purchasing an additional 93,690 shares during the last quarter. Finally, KBC Group NV purchased a new stake in Crescent Energy during the 1st quarter worth approximately $117,000. 52.11% of the stock is currently owned by hedge funds and other institutional investors.
Crescent Energy Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Crescent Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Crescent Energy wasn't on the list.
While Crescent Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
