Crescent Energy (CRGY) to Release Quarterly Earnings on Monday

Crescent Energy (NYSE:CRGY - Get Free Report) will be issuing its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Crescent Energy (NYSE:CRGY - Get Free Report) last released its earnings results on Monday, March 4th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.37. The company had revenue of $657.73 million for the quarter, compared to analysts' expectations of $584.12 million. Crescent Energy had a net margin of 2.84% and a return on equity of 13.30%. On average, analysts expect Crescent Energy to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Crescent Energy Price Performance

Shares of CRGY traded up $0.18 during mid-day trading on Monday, reaching $11.01. The stock had a trading volume of 605,102 shares, compared to its average volume of 1,333,968. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.82 and a current ratio of 0.82. Crescent Energy has a 12 month low of $9.17 and a 12 month high of $14.22. The business has a fifty day moving average of $11.28 and a 200 day moving average of $11.53. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 8.53 and a beta of 2.24.

Crescent Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend was Thursday, March 14th. Crescent Energy's dividend payout ratio (DPR) is 37.21%.

Insiders Place Their Bets

In related news, major shareholder Energy Aggregator Independence sold 13,800,000 shares of Crescent Energy stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 13.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on CRGY shares. TheStreet upgraded shares of Crescent Energy from a "d" rating to a "c-" rating in a report on Wednesday, February 14th. Raymond James reduced their target price on Crescent Energy from $16.00 to $15.00 and set a "strong-buy" rating on the stock in a report on Wednesday, January 24th. Tudor, Pickering, Holt & Co. initiated coverage on Crescent Energy in a research note on Wednesday, April 10th. They set a "buy" rating and a $18.00 price target for the company. Stephens restated an "overweight" rating and set a $17.00 price target on shares of Crescent Energy in a report on Tuesday, March 5th. Finally, Wells Fargo & Company upped their price objective on Crescent Energy from $19.00 to $20.00 and gave the stock an "overweight" rating in a report on Monday, April 22nd. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Crescent Energy currently has a consensus rating of "Buy" and a consensus price target of $16.38.

About Crescent Energy

Crescent Energy Company, an energy company, acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. The company holds a portfolio of oil and natural gas assets in key proven regions, including Eagle Ford and Uinta basins. The company is based in Houston, Texas.