Crescent Energy (NYSE:CRGY – Get Free Report)’s share price traded up 5.8% during trading on Thursday after Raymond James raised their price target on the stock from $19.00 to $20.00. Raymond James currently has a strong-buy rating on the stock. Crescent Energy traded as high as $15.41 and last traded at $15.40. 498,066 shares were traded during mid-day trading, a decline of 79% from the average session volume of 2,334,258 shares. The stock had previously closed at $14.56.
A number of other equities analysts have also recently issued reports on CRGY. Pickering Energy Partners assumed coverage on Crescent Energy in a report on Monday, October 28th. They issued an “outperform” rating for the company. Stephens increased their target price on Crescent Energy from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Truist Financial decreased their price target on Crescent Energy from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Evercore ISI restated an “outperform” rating and set a $17.00 price target on shares of Crescent Energy in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. began coverage on Crescent Energy in a research report on Wednesday, September 18th. They set a “neutral” rating and a $12.00 price target on the stock. Two analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Crescent Energy has a consensus rating of “Buy” and an average target price of $16.30.
View Our Latest Research Report on CRGY
Hedge Funds Weigh In On Crescent Energy
Crescent Energy Stock Performance
The stock has a 50 day simple moving average of $12.49 and a 200 day simple moving average of $12.03. The stock has a market cap of $3.50 billion, a P/E ratio of 24.98 and a beta of 2.19. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.12.
Crescent Energy (NYSE:CRGY – Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.11. The company had revenue of $744.87 million for the quarter, compared to the consensus estimate of $793.88 million. Crescent Energy had a return on equity of 12.53% and a net margin of 2.17%. During the same quarter last year, the business posted $0.35 EPS. On average, equities analysts expect that Crescent Energy will post 0.97 earnings per share for the current year.
Crescent Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a $0.12 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.48 annualized dividend and a yield of 3.14%. Crescent Energy’s payout ratio is 77.42%.
About Crescent Energy
Crescent Energy Company acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. Its portfolio of assets comprises mid-cycle unconventional and conventional assets in the Eagle Ford and Uinta Basins. It also owns and operates various midstream assets, which provide services to customers.
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