NYSE:CRGY Crescent Energy - CRGY Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $11.12 -0.22 (-1.94%) (As of 02/6/2023 12:00 AM ET) Add Compare Share Share Today's Range$10.91▼$11.4350-Day Range$10.97▼$14.0552-Week Range$10.83▼$19.65Volume312,632 shsAverage Volume323,255 shsMarket Capitalization$1.88 billionP/E RatioN/ADividend Yield6.00%Price Target$17.20 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Crescent Energy MarketRank™ ForecastAnalyst RatingHold2.40 Rating ScoreUpside/Downside54.7% Upside$17.20 Price TargetShort InterestBearish13.04% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$116,110 Bought Last QuarterProj. Earnings Growth-51.99%From $4.27 to $2.05 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.2.03 out of 5 starsOils/Energy Sector154th out of 237 stocksCrude Petroleum & Natural Gas Industry60th out of 73 stocks 3.2 Analyst's Opinion Consensus RatingCrescent Energy has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 3 buy ratings, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $17.20, Crescent Energy has a forecasted upside of 54.7% from its current price of $11.12.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 Shorted13.04% 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 12.4, which indicates bearish sentiment.Change versus previous monthShort interest in Crescent Energy has recently increased by 0.20%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend LeadershipCrescent Energy is a leading dividend payer. It pays a dividend yield of 6.00%, 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 SustainabilityBased on earnings estimates, Crescent Energy will have a dividend payout ratio of 33.17% 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 2.9 News and Social Media Coverage News SentimentCrescent Energy has a news sentiment score of 1.14. 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 0.48 average news sentiment score of Oils/Energy companies.Search Interest10 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 FollowsOnly 7 people have added Crescent Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -53% compared to the previous 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 $116,110.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders27.00% 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 InstitutionsOnly 10.92% of the stock of Crescent Energy is held by institutions. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Crescent Energy are expected to decrease by -51.99% in the coming year, from $4.27 to $2.05 per share.Price to Book Value per Share RatioCrescent Energy has a P/B Ratio of 2.71. 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, 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.Read More 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 Stock News HeadlinesJanuary 30, 2023 | seekingalpha.comCrescent Energy: Growth AheadJanuary 25, 2023 | finance.yahoo.comCrescent Energy Announces Pricing of $400 Million Private Placement of 9.250% Senior Notes Due 2028February 6, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...January 25, 2023 | msn.comCrescent energy cut to Sell equivalent at BofA on 'complexity overhang'January 25, 2023 | finance.yahoo.comCrescent Energy Announces Offering of $400 Million Private Placement of Senior Notes Due 2028December 19, 2022 | seekingalpha.comCrescent Energy: How To Handle More Public SharesDecember 16, 2022 | finance.yahoo.comImplied Volatility Surging for Crescent Energy Company (CRGY) Stock OptionsNovember 28, 2022 | finance.yahoo.comCrescent Energy to Attend BofA Leveraged Finance ConferenceFebruary 6, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...November 17, 2022 | benzinga.comChief Executive Officer of Crescent Energy Makes $51K BuyNovember 16, 2022 | finance.yahoo.comCrescent Energy to Attend BofA Global Energy ConferenceNovember 10, 2022 | seekingalpha.comCrescent Energy Company (CRGY) Q3 2022 Earnings Call TranscriptNovember 9, 2022 | finance.yahoo.comCrescent Energy Reports Third Quarter 2022 Financial and Operating ResultsOctober 27, 2022 | finance.yahoo.comCrescent Energy Schedules Third Quarter 2022 Earnings Release and Conference CallOctober 21, 2022 | finance.yahoo.comIs Crescent Energy Company (NYSE:CRGY) Trading At A 37% Discount?October 18, 2022 | msn.comCrescent Point Energy (CPG) Stock Sinks As Market Gains: What You Should KnowOctober 9, 2022 | seekingalpha.comCrescent Energy: Buy Good ManagementSeptember 26, 2022 | finance.yahoo.comCrescent Energy Announces Positive Amendments to Revolving Credit Facility and Completes Secondary Equity OfferingSeptember 25, 2022 | seekingalpha.comCrescent Energy: Now With A 5% Dividend YieldSeptember 20, 2022 | nasdaq.comOne Crescent Energy Company (NYSE:CRGY) Analyst Just Lifted Their Revenue Forecasts By A Meaningful 17%September 20, 2022 | seekingalpha.comCRGY Crescent Energy CompanySeptember 8, 2022 | nasdaq.comCrescent Energy Declines After Commencement Of Secondary Public OfferingSeptember 8, 2022 | finance.yahoo.comCrescent Energy Company Announces Pricing of Secondary Public Offering of Class A Common StockSeptember 6, 2022 | seekingalpha.comCrescent Energy slides on 5M-share secondary offeringSeptember 6, 2022 | finance.yahoo.comCrescent Energy Company Announces Secondary Public Offering of Class A Common StockSeptember 4, 2022 | seekingalpha.comCrescent Energy: Growth Through AcquisitionAugust 11, 2022 | markets.businessinsider.comDow Surges 200 Points; Six Flags Entertainment Shares PlummetSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Earnings11/09/2022Ex-Dividend for 12/7 Dividend11/22/2022Dividend Payable12/07/2022Today2/06/2023Next Earnings (Estimated)3/08/2023Fiscal 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$17.20 High Stock Price Forecast$20.00 Low Stock Price Forecast$14.00 Forecasted Upside/Downside+54.7%Consensus RatingHold Rating Score (0-4)2.40 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-358,540,000.00 Net Margins11.11% Pretax Margin22.36% Return on Equity130.62% Return on Assets14.23% Debt Debt-to-Equity Ratio1.62 Current Ratio0.56 Quick Ratio0.56 Sales & Book Value Annual Sales$1.48 billion Price / Sales1.28 Cash Flow$1.74 per share Price / Cash Flow6.38 Book Value$4.10 per share Price / Book2.71Miscellaneous Outstanding Shares169,500,000Free Float123,732,000Market Cap$1.88 billion OptionableOptionable Beta2.49 Key ExecutivesMr. 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. NewportInvestor RelationsMr. 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 More ExecutivesKey CompetitorsEarthstone EnergyNYSE:ESTETalos EnergyNYSE:TALOPar PacificNYSE:PARRVermilion EnergyNYSE:VETNorthern Oil and GasNYSE:NOGView All CompetitorsInsiders & InstitutionsSimplex Trading LLCBought 10,700 shares on 2/2/2023Ownership: 0.000%Zurcher Kantonalbank Zurich Cantonalbank Bought 871 shares on 2/1/2023Ownership: 0.004%Strs OhioBought 48,400 shares on 1/26/2023Ownership: 0.029%Counterpoint Mutual Funds LLCBought 2,724 shares on 1/19/2023Ownership: 0.006%Mraz Amerine & Associates Inc.Bought 34,346 shares on 1/12/2023Ownership: 0.073%View All Insider TransactionsView All Institutional Transactions 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 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. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.