Crescent Energy (CRGY) Stock Forecast, Price & News

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

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%.

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.

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

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.

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

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

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.

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.