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S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
Freshworks gets juiced on its AI customer engagement platform
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
3 tech outperformers adored by analysts
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
High short interest stocks: this popular trend is re-emerging
Boeing glides past series of setbacks on new flight path
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it
Fed is set to leave interest rates unchanged while facing speculation about eventual rate cuts
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
Freshworks gets juiced on its AI customer engagement platform
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
3 tech outperformers adored by analysts
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
High short interest stocks: this popular trend is re-emerging
Boeing glides past series of setbacks on new flight path
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it
Fed is set to leave interest rates unchanged while facing speculation about eventual rate cuts
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
Freshworks gets juiced on its AI customer engagement platform
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
3 tech outperformers adored by analysts
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
High short interest stocks: this popular trend is re-emerging
Boeing glides past series of setbacks on new flight path
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it
Fed is set to leave interest rates unchanged while facing speculation about eventual rate cuts

Crescent Energy (CRGY) Stock Price, News & Analysis

$11.51
+0.31 (+2.77%)
(As of 12/8/2023 08:56 PM ET)
Compare
Today's Range
$11.12
$11.51
50-Day Range
$10.45
$12.52
52-Week Range
$9.17
$14.22
Volume
736,700 shs
Average Volume
598,930 shs
Market Capitalization
$2.07 billion
P/E Ratio
13.38
Dividend Yield
4.17%
Price Target
$16.88

Crescent Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
46.6% Upside
$16.88 Price Target
Short Interest
Healthy
7.44% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.17mentions of Crescent Energy in the last 14 days
Based on 13 Articles This Week
Insider Trading
Acquiring Shares
$495,215 Bought Last Quarter
Proj. Earnings Growth
46.32%
From $0.95 to $1.39 Per Share

Overall MarketRank

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

3.67 out of 5 stars

Oils/Energy Sector

2nd out of 222 stocks

Crude Petroleum & Natural Gas Industry

2nd out of 66 stocks


CRGY stock logo

About Crescent Energy Stock (NYSE:CRGY)

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 Stock Price History

CRGY Stock News Headlines

At these prices, the only way these stocks can move is up (CRGY)
These stocks have no reason to be this cheap, but you shouldn't waste your time finding out why this is so, when you can follow this logic instead
Crescent Energy (NYSE:CRGY) Insider Buys $226,400.00 in Stock
U.S. Military Defense Fails Without Vanadium?
The metal vanadium is needed for numerous military applications, including jet engines, airframes, and ballistic missiles. And although the U.S. Govt. considers vanadium critical to national security, less than 5% of the metal is mined in America. This means we're at the mercy of China and Russia for our supply.
Raymond James Initiates Coverage on Crescent Energy (NYSE:CRGY)
U.S. Military Defense Fails Without Vanadium?
The metal vanadium is needed for numerous military applications, including jet engines, airframes, and ballistic missiles. And although the U.S. Govt. considers vanadium critical to national security, less than 5% of the metal is mined in America. This means we're at the mercy of China and Russia for our supply.
Crescent Energy initiated with bullish view at Raymond James
Evercore ISI Begins Coverage on Crescent Energy (NYSE:CRGY)
What 5 Analyst Ratings Have To Say About Crescent Energy
Crescent Energy Co's Dividend Analysis
Crescent Energy Co Class A
Crescent Energy's Earnings: A Preview
Crescent Point Energy Swings to Quarterly Loss
See More Headlines
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Company Calendar

Last Earnings
11/06/2023
Ex-Dividend for 12/4 Dividend
11/17/2023
Dividend Payable
12/04/2023
Today
12/11/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/05/2024

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 Target
$16.88
High Stock Price Target
$21.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+46.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$96.67 million
Pretax Margin
9.88%

Debt

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$4.48 per share
Book Value
$5.09 per share

Miscellaneous

Free Float
155,942,000
Market Cap
$2.07 billion
Optionable
Optionable
Beta
2.25
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CRGY Stock Analysis - Frequently Asked Questions

Should I buy or sell Crescent Energy stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Crescent Energy in the last year. There are currently 1 sell rating, 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CRGY shares.
View CRGY analyst ratings
or view top-rated stocks.

What is Crescent Energy's stock price target for 2024?

8 brokers have issued 12 month target prices for Crescent Energy's stock. Their CRGY share price targets range from $13.00 to $21.00. On average, they predict the company's share price to reach $16.88 in the next year. This suggests a possible upside of 46.6% 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 shares have decreased by 4.0% and is now trading at $11.51.
View the best growth stocks for 2023 here
.

Are investors shorting Crescent Energy?

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 daily volume of 1,020,000 shares, the days-to-cover ratio is presently 5.7 days. Currently, 7.4% of the company's stock are sold short.
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 Tuesday, March 5th 2024.
View our CRGY earnings forecast
.

How were Crescent Energy's earnings last quarter?

Crescent Energy (NYSE:CRGY) issued its quarterly earnings results on Monday, November, 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $642.40 million for the quarter, compared to the consensus estimate of $590 million. Crescent Energy had a net margin of 0.87% and a trailing twelve-month return on equity of 17.35%.

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

Crescent Energy declared 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 dividend yield of 4.17%. The ex-dividend date of this dividend is Friday, November 17th.
Read our dividend analysis for CRGY
.

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 4.29%. 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 34.53% next year. This indicates that the company will be able to sustain or increase its dividend.
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.

Who are Crescent Energy's major shareholders?

Crescent Energy's stock is owned by many different institutional and retail investors. Top institutional investors 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.
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.

This page (NYSE:CRGY) was last updated on 12/11/2023 by MarketBeat.com Staff

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