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NYSE:CRGY

Crescent Energy - CRGY Stock Forecast, Price & News

$11.12
-0.22 (-1.94%)
(As of 02/6/2023 12:00 AM ET)
Add
Compare
Today's Range
$10.91
$11.43
50-Day Range
$10.97
$14.05
52-Week Range
$10.83
$19.65
Volume
312,632 shs
Average Volume
323,255 shs
Market Capitalization
$1.88 billion
P/E Ratio
N/A
Dividend Yield
6.00%
Price Target
$17.20

Crescent Energy MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
54.7% Upside
$17.20 Price Target
Short Interest
Bearish
13.04% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$116,110 Bought Last Quarter
Proj. Earnings Growth
-51.99%
From $4.27 to $2.05 Per Share

Overall MarketRank

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

2.03 out of 5 stars

Oils/Energy Sector

154th out of 237 stocks

Crude Petroleum & Natural Gas Industry

60th out of 73 stocks

CRGY stock logo

About Crescent Energy (NYSE:CRGY) Stock

Crescent Energy Company, an energy company, explores for, 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, Mid-Con, and other basins in the United States. As of December 31, 2021, it had 1,528 gross undrilled locations, including 567 gross operated drilling locations; and 531.6 net million barrels of oil equivalent of proved reserves. The company was founded in 2020 and is based in Houston, Texas.

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CRGY Stock News Headlines

Crescent Energy: Growth Ahead
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Crescent Energy: How To Handle More Public Shares
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Crescent Energy to Attend BofA Global Energy Conference
Crescent Energy: Buy Good Management
Crescent Energy: Now With A 5% Dividend Yield
CRGY Crescent Energy Company
Crescent Energy slides on 5M-share secondary offering
Crescent Energy: Growth Through Acquisition
Dow Surges 200 Points; Six Flags Entertainment Shares Plummet
See More Headlines
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CRGY Company Calendar

Last Earnings
11/09/2022
Ex-Dividend for 12/7 Dividend
11/22/2022
Dividend Payable
12/07/2022
Today
2/06/2023
Next Earnings (Estimated)
3/08/2023
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
$17.20
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+54.7%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$-358,540,000.00
Pretax Margin
22.36%

Debt

Sales & Book Value

Annual Sales
$1.48 billion
Cash Flow
$1.74 per share
Book Value
$4.10 per share

Miscellaneous

Free Float
123,732,000
Market Cap
$1.88 billion
Optionable
Optionable
Beta
2.49

Key Executives

  • Mr. David C. Rockecharlie (Age 50)
    CEO & Director
  • Ms. Brandi Kendall (Age 37)
    CFO & Director
  • Mr. Todd Falk (Age 42)
    Chief Accounting Officer
  • Ms. Emily L. Newport
    Investor Relations
  • Mr. Bo Shi (Age 33)
    Gen. Counsel & Corp. Sec.
  • Mr. Benjamin Conner (Age 36)
    Exec. VP of Investments
  • Mr. John Clayton Rynd (Age 32)
    Exec. VP of Investments













CRGY Stock - Frequently Asked Questions

Should I buy or sell Crescent Energy stock right now?

5 Wall Street 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 and 3 buy ratings for the stock. The consensus among Wall Street research 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?

5 Wall Street analysts have issued 12-month price objectives for Crescent Energy's stock. Their CRGY share price forecasts range from $14.00 to $20.00. On average, they anticipate the company's stock price to reach $17.20 in the next year. This suggests a possible upside of 53.0% 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 6.3% and is now trading at $11.24.
View the best growth stocks for 2023 here
.

When is Crescent Energy's next earnings date?

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

How were Crescent Energy's earnings last quarter?

Crescent Energy (NYSE:CRGY) released its quarterly earnings results on Wednesday, November, 9th. The company reported $4.14 EPS for the quarter, beating the consensus estimate of $0.75 by $3.39. The business had revenue of $864.96 million for the quarter, compared to the consensus estimate of $678 million. Crescent Energy had a net margin of 11.11% and a trailing twelve-month return on equity of 130.62%.

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

Crescent Energy declared a quarterly dividend on Wednesday, November 9th. Shareholders of record on Wednesday, November 23rd will be given a dividend of $0.17 per share on Wednesday, December 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date is Tuesday, November 22nd.
Read our dividend analysis for CRGY
.

Is Crescent Energy a good dividend stock?

Crescent Energy (NYSE:CRGY) pays an annual dividend of $0.68 per share and currently has a dividend yield of 6.00%. CRGY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
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 Mraz Amerine & Associates Inc. (0.07%), Strs Ohio (0.03%), Simplex Trading LLC (0.00%), Counterpoint Mutual Funds LLC (0.01%), Zurcher Kantonalbank Zurich Cantonalbank (0.00%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Benjamin Conner, Brandi Kendall, David C Rockecharlie, John Clayton Rynd, Karen Jo Simon, Kkr Group Partnership LP 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 $11.24.

How much money does Crescent Energy make?

Crescent Energy (NYSE:CRGY) has a market capitalization of $1.91 billion and generates $1.48 billion in revenue each year.

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 2/6/2023 by MarketBeat.com Staff