Crescent Energy Stock Price, News & Analysis (NYSE:CRGY)

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crescent Energy in the last year. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CRGY shares.
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7 Wall Street research analysts have issued 1-year price objectives for Crescent Energy's stock. Their CRGY share price targets range from $13.00 to $21.00. On average, they anticipate the company's stock price to reach $17.00 in the next twelve months. This suggests a possible upside of 47.8% from the stock's current price.
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Crescent Energy's stock was trading at $11.99 at the beginning of the year. Since then, CRGY stock has decreased by 4.1% and is now trading at $11.50.
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Crescent Energy saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 5,840,000 shares, a decline of 8.2% from the October 31st total of 6,360,000 shares. Based on an average trading volume of 1,020,000 shares, the days-to-cover ratio is currently 5.7 days. Approximately 7.4% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 5th 2024.
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Crescent Energy (NYSE:CRGY) announced its quarterly earnings results on Monday, November, 6th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The company had revenue of $642.40 million for the quarter, compared to analyst estimates of $590 million. Crescent Energy had a net margin of 0.87% and a trailing twelve-month return on equity of 17.35%.

Crescent Energy announced a quarterly dividend on Monday, November 6th. Shareholders of record on Monday, November 20th will be paid a dividend of $0.12 per share on Monday, December 4th. This represents a $0.48 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Friday, November 17th.
Read our dividend analysis for CRGY.

Crescent Energy (NYSE:CRGY) pays an annual dividend of $0.48 per share and currently has a dividend yield of 4.16%. CRGY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 55.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRGY will have a dividend payout ratio of 30.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRGY.

First Trust Natural Gas ETF holds 149,424 shares of CRGY stock, representing 0.32% of its portfolio.

Crescent Energy's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Teacher Retirement System of Texas (4.79%), Northwestern University (0.65%), Victory Capital Management Inc. (0.44%), Adage Capital Partners GP L.L.C. (0.30%), Bank of New York Mellon Corp (0.29%) and American Century Companies Inc. (0.27%). Insiders that own company stock include Benjamin Conner, Brandi Kendall, David C Rockecharlie, John Clayton Rynd, Karen Jo Simon, Kkr Group Partnership LP, Retirement System Of T Teacher and Todd Falk.
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Shares of CRGY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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