Crescent Energy (CRGY) Set to Announce Quarterly Earnings on Monday

Crescent Energy (NYSE:CRGYGet Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Crescent Energy to post earnings of $0.16 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Crescent Energy (NYSE:CRGYGet Free Report) last released its quarterly earnings data on Monday, March 4th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.37. Crescent Energy had a return on equity of 13.30% and a net margin of 2.84%. The business had revenue of $657.73 million for the quarter, compared to analysts’ expectations of $584.12 million. On average, analysts expect Crescent Energy to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Crescent Energy Stock Performance

Shares of NYSE:CRGY opened at $10.57 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 8.19 and a beta of 2.29. Crescent Energy has a fifty-two week low of $9.17 and a fifty-two week high of $14.22. The business’s fifty day moving average price is $11.23 and its two-hundred day moving average price is $11.50.

Crescent Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend was Thursday, March 14th. Crescent Energy’s dividend payout ratio is currently 37.21%.

Insider Transactions at Crescent Energy

In related news, major shareholder Energy Aggregator Independence sold 13,800,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on CRGY shares. Wells Fargo & Company upped their price target on Crescent Energy from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Raymond James decreased their price target on Crescent Energy from $16.00 to $15.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Truist Financial cut their price objective on Crescent Energy from $23.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Mizuho restated a “neutral” rating and set a $13.00 price objective (down previously from $14.00) on shares of Crescent Energy in a report on Friday, March 22nd. Finally, Stephens reaffirmed an “overweight” rating and set a $17.00 target price on shares of Crescent Energy in a report on Tuesday, March 5th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $16.38.

Check Out Our Latest Stock Report on CRGY

About Crescent Energy

(Get Free Report)

Crescent Energy Company, an energy company, acquires, 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 regions, including Eagle Ford and Uinta basins. The company is based in Houston, Texas.

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Earnings History for Crescent Energy (NYSE:CRGY)

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