A share price of Crescent Energy Co. [CRGY] is currently trading at $11.37, up 1.70%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CRGY shares have gain 2.80% over the last week, with a monthly amount glided 2.90%, and seem to be holding up well over a long-time horizon.
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On 20, February 2024, Crescent Energy Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call. In a post published today on Yahoo Finance, Crescent Energy Company (NYSE: CRGY) today announced plans to host a conference call and webcast at 10 a.m. CT, on Tuesday, March 5, 2024 to discuss its fourth quarter and full year 2023 financial and operating results, as well as its outlook for 2024. The Company plans to release results after market close on Monday, March 4, 2024. The release and supplemental slides will be available on the company’s website at https://ir.crescentenergyco.com.
From an analyst’s perspective:
Crescent Energy Co. [NYSE: CRGY] stock has seen the most recent analyst activity on January 03, 2024, when Mizuho downgraded its rating to a Neutral and also revised its price target to $14 from $18. Previously, Raymond James started tracking the stock with Strong Buy rating on December 05, 2023, and set its price target to $16. On December 01, 2023, Evercore ISI initiated with a Outperform rating and assigned a price target of $16 on the stock. Stephens started tracking the stock assigning a Overweight rating and suggested a price target of $17 on September 27, 2023. Credit Suisse initiated its recommendation with a Neutral and recommended $14 as its price target on February 14, 2023. BofA Securities downgraded its rating to Underperform for this stock on January 25, 2023, and upped its price target to $14. In a note dated January 10, 2023, Mizuho initiated an Buy rating and provided a target price of $19 on this stock.
Crescent Energy Co. experienced fluctuations in its stock price throughout the past year between $9.17 and $14.22. Currently, Wall Street analysts expect the stock to reach $17 within the next 12 months. Crescent Energy Co. [NYSE: CRGY] shares were valued at $11.37 at the most recent close of the market. An investor can expect a potential return of 49.52% based on the average CRGY price forecast.
Analyzing the CRGY fundamentals
Trailing Twelve Months sales for Crescent Energy Co. [NYSE:CRGY] were 2.41B which represents -25.73% decline. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.21 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.25.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.26 points at the first support level, and at 11.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.46, and for the 2nd resistance point, it is at 11.54.
Crescent Energy Co. [CRGY] reported earnings per share of -$0.67 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.27/share, meaning a difference of -$0.94 and a surprise factor of -348.10%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.11 per share as compared to estimates of $0.14 per share, a difference of -$0.03 representing a surprise of -21.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Crescent Energy Co. [NYSE:CRGY] is 1.03. Further, the Quick Ratio stands at 1.03, while the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 0.42, the price to book ratio is 0.63 and price to earnings (TTM) ratio is 13.48.
Transactions by insiders
Insider trading, which has resulted in 0 insider purchases of 0 shares and 2 insider sales of 18,262 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Rockecharlie David C.,, that happened on Dec 06 when 20000.0 shares were purchased., Kendall Brandi completed a deal on Dec 01 to buy 258.0 shares. Meanwhile, Rockecharlie David C. bought 5000.0 shares on Nov 30.
