NYSE:CRGY Crescent Energy (CRGY) Stock Forecast, Price & News $11.61 -0.03 (-0.26%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$11.51▼$11.8350-Day Range$10.94▼$13.9852-Week Range$9.17▼$16.39Volume624,702 shsAverage Volume1.43 million shsMarket Capitalization$1.94 billionP/E Ratio2.72Dividend Yield4.13%Price Target$16.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Crescent Energy MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside42.1% Upside$16.50 Price TargetShort InterestBearish12.24% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment1.05Based on 6 Articles This WeekInsider TradingAcquiring Shares$56,231 Bought Last QuarterProj. Earnings Growth72.45%From $0.98 to $1.69 Per ShareSee Full Details Hide Full Details 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 starsOils/Energy Sector30th out of 244 stocksCrude Petroleum & Natural Gas Industry20th out of 80 stocks 3.2 Analyst's Opinion Consensus RatingCrescent Energy has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 3 buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $16.50, Crescent Energy has a forecasted upside of 42.1% from its current price of $11.61.Amount of Analyst CoverageCrescent Energy has only been the subject of 2 research reports in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares Shorted12.24% of the float of Crescent Energy has been sold short.Short Interest Ratio / Days to CoverCrescent Energy has a short interest ratio ("days to cover") of 11.9, which indicates bearish sentiment.Change versus previous monthShort interest in Crescent Energy has recently increased by 23.96%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipCrescent Energy is a leading dividend payer. It pays a dividend yield of 4.13%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCrescent Energy does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Crescent Energy is 11.24%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Crescent Energy will have a dividend payout ratio of 28.40% next year. This indicates that Crescent Energy will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CRGY. Previous Next 3.9 News and Social Media Coverage News SentimentCrescent Energy has a news sentiment score of 1.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Crescent Energy this week, compared to 2 articles on an average week.Search Interest6 people have searched for CRGY on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat Follows8 people have added Crescent Energy to their MarketBeat watchlist in the last 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Crescent Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought $56,231.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders13.20% of the stock of Crescent Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions53.31% of the stock of Crescent Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Crescent Energy are expected to grow by 72.45% in the coming year, from $0.98 to $1.69 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Crescent Energy is 2.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.97.Price to Earnings Ratio vs. SectorThe P/E ratio of Crescent Energy is 2.72, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 8.85.Price to Earnings Growth RatioCrescent Energy has a PEG Ratio of 8.75. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCrescent Energy has a P/B Ratio of 2.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Crescent Energy (NYSE:CRGY) StockCrescent 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.Read More CRGY Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CRGY Stock News HeadlinesSeptember 20, 2023 | americanbankingnews.comCrescent Energy (NYSE:CRGY) & Amplify Energy (NYSE:AMPY) Critical ReviewSeptember 19, 2023 | nasdaq.comMizuho Maintains Crescent Energy Co. - (CRGY) Buy RecommendationSeptember 24, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...September 19, 2023 | americanbankingnews.comCrescent Energy (NYSE:CRGY) Price Target Increased to $19.00 by Analysts at MizuhoSeptember 19, 2023 | americanbankingnews.comCrescent Energy (NYSE:CRGY) Shares Gap Up on Insider Buying ActivitySeptember 15, 2023 | americanbankingnews.comTruist Financial Boosts Crescent Energy (NYSE:CRGY) Price Target to $21.00September 15, 2023 | finance.yahoo.comInsider Buying: John Rynd Acquires 2,000 Shares of Crescent Energy Co (CRGY)September 13, 2023 | msn.comCrescent Energy: A Good Dividend Stock That's Worth Holding OntoSeptember 24, 2023 | Legacy Research (Ad)Watch SHOCKING Footage of AI Facility with Ties to Elon MuskI recently traveled more than 3,000 miles and shot this video outside what could end up being Elon Musk’s biggest secret. Most people don’t know about this facility, but it could be the most important AI project in the world. What’s happening inside these walls is so important that our government has declared it a matter of national security.September 11, 2023 | msn.comCrescent Energy: Curling Higher, With Cash Dividends + ROIC In Situ, Rating BuySeptember 7, 2023 | bizjournals.comCrescent Energy increases Eagle Ford stake for second time in recent monthsSeptember 7, 2023 | finance.yahoo.comCrescent Energy Announces Offering of $125 Million Private Placement of Additional 9.250% Senior Notes Due 2028September 6, 2023 | finance.yahoo.comCrescent Energy to Acquire Additional Interests in its Operated Western Eagle Ford PositionSeptember 6, 2023 | finance.yahoo.comCrescent Energy Company Announces Public Offering of Class A Common StockSeptember 1, 2023 | markets.businessinsider.comWells Fargo Remains a Buy on Crescent Energy Company Class A (CRGY)August 31, 2023 | msn.comCrescent Energy Co. - (CRGY) Price Target Increased by 12.68% to 16.32August 17, 2023 | finance.yahoo.comCrescent Energy Company (NYSE:CRGY) Will Pay A US$0.12 Dividend In Four DaysAugust 15, 2023 | money.usnews.comCrescent Energy Co. - Ordinary Shares - Class AAugust 12, 2023 | fool.comCrescent Energy (NYSE: CRGY)August 10, 2023 | finance.yahoo.comCompared to Estimates, Crescent Energy (CRGY) Q2 Earnings: A Look at Key MetricsAugust 10, 2023 | markets.businessinsider.comCrescent Energy Company Class A (CRGY) Receives a Sell from Bank of America SecuritiesAugust 9, 2023 | finance.yahoo.comCrescent Energy (CRGY) Surpasses Q2 Earnings and Revenue EstimatesAugust 9, 2023 | finance.yahoo.comCrescent Energy Reports Second Quarter 2023 Financial and Operating ResultsAugust 8, 2023 | finance.yahoo.comCrescent Energy Company (NYSE:CRGY) most popular amongst individual investors who own 49% of the shares, institutions hold 44%July 28, 2023 | finance.yahoo.comCrescent Energy Schedules Second Quarter 2023 Earnings Release and Conference CallJuly 18, 2023 | finance.yahoo.comIs Crescent Energy Company's (NYSE:CRGY) Recent Stock Performance Tethered To Its Strong Fundamentals?July 17, 2023 | msn.comCrescent Energy launches private placement of additional $250M notesSee More Headlines Receive CRGY Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Crescent Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address CRGY Company Calendar Last Earnings8/09/2023Ex-Dividend for 9/6 Dividend8/22/2023Dividend Payable9/06/2023Today9/24/2023Next Earnings (Estimated)11/08/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Crude petroleum & natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:CRGY CUSIPN/A CIK1866175 Webwww.contango.com Phone713-337-4600Fax713-236-4424EmployeesN/AYear FoundedN/APrice 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 RatingHold Rating Score (0-4)2.33 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$4.27 Trailing P/E Ratio2.72 Forward P/E Ratio11.85 P/E Growth8.75Net Income$96.67 million Net Margins7.30% Pretax Margin37.37% Return on Equity32.29% Return on Assets5.41% Debt Debt-to-Equity Ratio0.91 Current Ratio0.89 Quick Ratio0.89 Sales & Book Value Annual Sales$3.06 billion Price / Sales0.63 Cash Flow$4.36 per share Price / Cash Flow2.66 Book Value$5.09 per share Price / Book2.28Miscellaneous Outstanding Shares167,010,000Free Float144,962,000Market Cap$1.94 billion OptionableOptionable Beta2.41 10 Best Stocks to Own in 2023Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2023 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. 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: $659.18kMr. John Clayton Rynd (Age 33)Exec. VP of Investments Ms. Emily L. NewportInvestor RelationsMore ExecutivesKey CompetitorsTalos EnergyNYSE:TALOPar PacificNYSE:PARRHess MidstreamNYSE:HESMVermilion EnergyNYSE:VETVista EnergyNYSE:VISTView All CompetitorsInsiders & InstitutionsDavid C RockecharlieBought 2,500 shares on 9/14/2023Total: $30,725.00 ($12.29/share)John Clayton RyndBought 2,000 shares on 9/12/2023Total: $24,980.00 ($12.49/share)California State Teachers Retirement SystemBought 2,454 shares on 8/21/2023Ownership: 0.031%Nuveen Asset Management LLCSold 215,380 shares on 8/16/2023Ownership: 0.113%Sunbelt Securities Inc.Bought 22,261 shares on 8/16/2023Ownership: 0.099%View All Insider TransactionsView All Institutional Transactions 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 brokers have issued 1-year target prices for Crescent Energy's stock. Their CRGY share price forecasts range from $14.00 to $21.00. On average, they expect the company's share price to reach $16.50 in the next twelve months. 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 on January 1st, 2023. 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 trading volume of 676,800 shares, the short-interest ratio is presently 11.9 days. Approximately 12.2% of the shares of the company 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 the consensus estimate of $0.08 by $0.44. The firm had revenue of $492.34 million for the quarter, compared to analysts' expectations 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 declared a quarterly dividend on Wednesday, August 9th. Shareholders 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 annualized dividend and a 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 4.13%. 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 many different institutional and retail 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 9/24/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Crescent Energy Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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