What is KeyCorp's Forecast for Crescent Energy Q1 Earnings?

Key Points

• KeyCorp lowered its Q1 2026 EPS estimate to $0.35, down from $0.36 previously.
• The firm keeps an "Overweight" rating and a $19 price target, forecasting FY2026 EPS of $1.50 and FY2027 EPS of $1.90 (with quarterly EPS bridges provided for both years).
• Crescent most recently reported quarterly EPS of $0.49, beating the $0.30 consensus, which contrasts with KeyCorp's reduced Q1 projection.

Crescent Energy Company (NYSE:CRGY - Free Report) - Investment analysts at KeyCorp reduced their Q1 2026 EPS estimates for shares of Crescent Energy in a research report issued to clients and investors on Wednesday, April 1st. KeyCorp analyst T. Rezvan now forecasts that the company will earn $0.35 per share for the quarter, down from their prior forecast of $0.36. KeyCorp currently has a "Overweight" rating and a $19.00 target price on the stock. The consensus estimate for Crescent Energy's current full-year earnings is $0.77 per share. KeyCorp also issued estimates for Crescent Energy's Q2 2026 earnings at $0.40 EPS, Q3 2026 earnings at $0.42 EPS, Q4 2026 earnings at $0.33 EPS, FY2026 earnings at $1.50 EPS, Q1 2027 earnings at $0.55 EPS, Q2 2027 earnings at $0.44 EPS, Q3 2027 earnings at $0.44 EPS, Q4 2027 earnings at $0.48 EPS and FY2027 earnings at $1.90 EPS.

Crescent Energy (NYSE:CRGY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.19. The business had revenue of $865.05 million for the quarter, compared to analysts' expectations of $884.64 million. Crescent Energy had a net margin of 3.71% and a return on equity of 8.36%.

Other equities research analysts have also recently issued reports about the stock. Wall Street Zen raised shares of Crescent Energy from a "hold" rating to a "buy" rating in a research note on Saturday. JPMorgan Chase & Co. raised shares of Crescent Energy from a "neutral" rating to an "overweight" rating and set a $19.00 price objective on the stock in a research note on Friday, March 20th. Zacks Research raised shares of Crescent Energy from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 3rd. Mizuho increased their price objective on shares of Crescent Energy from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Friday, December 12th. Finally, BMO Capital Markets began coverage on shares of Crescent Energy in a research note on Friday, January 9th. They issued a "market perform" rating and a $10.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.80.

Crescent Energy Price Performance

Shares of NYSE CRGY opened at $13.68 on Wednesday. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 26.30 and a beta of 1.55. Crescent Energy has a 52 week low of $6.83 and a 52 week high of $14.02. The company's 50-day moving average price is $11.47 and its 200 day moving average price is $9.70. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.07.

Institutional Investors Weigh In On Crescent Energy

Several hedge funds have recently modified their holdings of CRGY. Royal Bank of Canada boosted its stake in shares of Crescent Energy by 16.1% during the 1st quarter. Royal Bank of Canada now owns 58,900 shares of the company's stock worth $662,000 after purchasing an additional 8,173 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Crescent Energy by 8.9% during the 1st quarter. AQR Capital Management LLC now owns 17,104 shares of the company's stock worth $192,000 after purchasing an additional 1,397 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Crescent Energy by 6.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 98,670 shares of the company's stock worth $1,109,000 after purchasing an additional 6,184 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Crescent Energy by 42.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,969,411 shares of the company's stock worth $44,616,000 after purchasing an additional 1,174,576 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Crescent Energy by 32.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 244,456 shares of the company's stock worth $2,748,000 after purchasing an additional 59,199 shares during the last quarter. 52.11% of the stock is owned by institutional investors and hedge funds.

Crescent Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, March 11th. Crescent Energy's dividend payout ratio (DPR) is currently 92.31%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.