Crescent Energy Co. [CRGY] stock is trading at $12.15, down -0.16%. 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 2.53% over the last week, with a monthly amount drifted -1.62%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Crescent Energy Co. [NYSE: CRGY] stock has seen the most recent analyst activity on June 27, 2024, when KeyBanc Capital Markets initiated its Overweight rating and assigned the stock a price target of $16. Previously, Tudor Pickering Holt & Co. started tracking the stock with Buy rating on April 10, 2024, and set its price target to $18. On January 03, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $14 on the stock. Raymond James started tracking the stock assigning a Strong Buy rating and suggested a price target of $16 on December 05, 2023. Evercore ISI initiated its recommendation with a Outperform and recommended $16 as its price target on December 01, 2023. Stephens started tracking with a Overweight rating for this stock on September 27, 2023, and assigned it a price target of $17. In a note dated February 14, 2023, Credit Suisse initiated an Neutral rating and provided a target price of $14 on this stock.
Crescent Energy Co. [CRGY] stock has fluctuated between $9.74 and $14.22 over the past year. Currently, Wall Street analysts expect the stock to reach $17 within the next 12 months. Crescent Energy Co. [NYSE: CRGY] shares were valued at $12.15 at the most recent close of the market. An investor can expect a potential return of 39.92% based on the average CRGY price forecast.
Analyzing the CRGY fundamentals
Crescent Energy Co. [NYSE:CRGY] reported sales of 2.45B for the trailing twelve months, which represents a growth of 11.41%. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.01 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.93.
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 11.96 points at the first support level, and at 11.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.29, and for the 2nd resistance point, it is at 12.43.
Ratios To Look Out For
For context, Crescent Energy Co.’s Current Ratio is 0.75. Further, the Quick Ratio stands at 0.75, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.55, the price to book ratio is 0.65.
Transactions by insiders
Recent insider trading involved KKR Group Partnership L.P., 10% Owner, that happened on Apr 01 ’24 when 6.0 million shares were sold. 10% Owner, Independence Energy Aggregator completed a deal on Apr 01 ’24 to sell 6.0 million shares. Meanwhile, Kendall Brandi bought 488.0 shares on Mar 15 ’24.
