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NYSE:CRGY

Crescent Energy (CRGY) Stock Forecast, Price & News

$11.61
-0.03 (-0.26%)
(As of 09/22/2023 ET)
Compare
Today's Range
$11.51
$11.83
50-Day Range
$10.94
$13.98
52-Week Range
$9.17
$16.39
Volume
618,831 shs
Average Volume
529,931 shs
Market Capitalization
$1.94 billion
P/E Ratio
2.72
Dividend Yield
4.13%
Price Target
$16.50

Crescent Energy MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
42.1% Upside
$16.50 Price Target
Short Interest
Bearish
12.24% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.13mentions of Crescent Energy in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$56,231 Bought Last Quarter
Proj. Earnings Growth
72.45%
From $0.98 to $1.69 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.93 out of 5 stars

Oils/Energy Sector

34th out of 228 stocks

Crude Petroleum & Natural Gas Industry

20th out of 74 stocks


CRGY stock logo

About Crescent Energy (NYSE:CRGY) Stock

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 basins, including the Eagle Ford, Rockies, Barnett, Permian, and Mid-Con in the United States. The company is based in Houston, Texas.

CRGY Price History

CRGY Stock News Headlines

Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
Crescent Energy (NYSE:CRGY) Shares Gap Up on Insider Buying Activity
Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
Wells Fargo Remains a Buy on Crescent Energy Company Class A (CRGY)
Crescent Energy Co. - Ordinary Shares - Class A
Crescent Energy (NYSE: CRGY)
See More Headlines
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CRGY Company Calendar

Last Earnings
8/09/2023
Ex-Dividend for 9/6 Dividend
8/22/2023
Dividend Payable
9/06/2023
Today
9/22/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$16.50
High Stock Price Forecast
$21.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+42.1%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$96.67 million
Pretax Margin
37.37%

Debt

Sales & Book Value

Annual Sales
$3.06 billion
Cash Flow
$4.25 per share
Book Value
$5.09 per share

Miscellaneous

Free Float
144,962,000
Market Cap
$1.94 billion
Optionable
Optionable
Beta
2.41
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Key Executives

  • Mr. David C. Rockecharlie (Age 51)
    CEO & Director
  • Ms. Brandi Kendall (Age 38)
    CFO & Director
  • Mr. Todd N. Falk (Age 42)
    Chief Accounting Officer
  • Mr. Bo Shi (Age 34)
    Gen. Counsel & Corp. Sec.
    Comp: $659.18k
  • Mr. John Clayton Rynd (Age 33)
    Exec. VP of Investments
  • Ms. Emily L. Newport
    Investor Relations













CRGY Stock - Frequently Asked Questions

Should I buy or sell Crescent Energy stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crescent Energy in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CRGY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CRGY, but not buy additional shares or sell existing shares.
View CRGY analyst ratings
or view top-rated stocks.

What is Crescent Energy's stock price forecast for 2023?

6 analysts have issued 1 year price targets for Crescent Energy's stock. Their CRGY share price forecasts range from $14.00 to $21.00. On average, they anticipate the company's share price to reach $16.50 in the next year. This suggests a possible upside of 42.1% from the stock's current price.
View analysts price targets for CRGY
or view top-rated stocks among Wall Street analysts.

How have CRGY shares performed in 2023?

Crescent Energy's stock was trading at $11.99 at the start of the year. Since then, CRGY stock has decreased by 3.2% and is now trading at $11.61.
View the best growth stocks for 2023 here
.

Are investors shorting Crescent Energy?

Crescent Energy saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 8,070,000 shares, an increase of 24.0% from the August 15th total of 6,510,000 shares. Based on an average daily volume of 676,800 shares, the short-interest ratio is currently 11.9 days. Approximately 12.2% of the company's stock are short sold.
View Crescent Energy's Short Interest
.

When is Crescent Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our CRGY earnings forecast
.

How were Crescent Energy's earnings last quarter?

Crescent Energy (NYSE:CRGY) issued its quarterly earnings results on Wednesday, August, 9th. The company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.44. The company had revenue of $492.34 million for the quarter, compared to the consensus estimate of $470 million. Crescent Energy had a net margin of 7.30% and a trailing twelve-month return on equity of 32.29%.

How often does Crescent Energy pay dividends? What is the dividend yield for Crescent Energy?

Crescent Energy announced a quarterly dividend on Wednesday, August 9th. Investors of record on Wednesday, August 23rd will be paid a dividend of $0.12 per share on Wednesday, September 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Tuesday, August 22nd.
Read our dividend analysis for CRGY
.

What ETF holds Crescent Energy's stock ?

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

Is Crescent Energy a good dividend stock?

Crescent Energy (NYSE:CRGY) pays an annual dividend of $0.48 per share and currently has a dividend yield of 4.03%. CRGY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 11.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRGY will have a dividend payout ratio of 28.40% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRGY.

What is Crescent Energy's stock symbol?

Crescent Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRGY."

Who are Crescent Energy's major shareholders?

Crescent Energy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (1.69%), State Street Corp (0.81%), King Luther Capital Management Corp (0.74%), Hotchkis & Wiley Capital Management LLC (0.66%), Geode Capital Management LLC (0.45%) and Victory Capital Management Inc. (0.44%). 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.
View institutional ownership trends
.

How do I buy shares of Crescent Energy?

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.
Compare Top Brokerages Here.

What is Crescent Energy's stock price today?

One share of CRGY stock can currently be purchased for approximately $11.61.

How much money does Crescent Energy make?

Crescent Energy (NYSE:CRGY) has a market capitalization of $1.94 billion and generates $3.06 billion in revenue each year. The company earns $96.67 million in net income (profit) each year or $4.27 on an earnings per share basis.

How can I contact Crescent Energy?

Crescent Energy's mailing address is 111 E. 5TH STREET SUITE 300, FORT WORTH TX, 76102. The official website for the company is www.contango.com. The company can be reached via phone at 713-337-4600, via email at kpeak@contango.com, or via fax at 713-236-4424.

This page (NYSE:CRGY) was last updated on 9/22/2023 by MarketBeat.com Staff

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