Crescent Energy (CRGY) to Release Quarterly Earnings on Monday

Crescent Energy (NYSE:CRGY) is expected to post its Q1 2025 quarterly earnings results after the market closes on Monday, May 5th. Analysts expect Crescent Energy to post earnings of $0.46 per share and revenue of $937.55 million for the quarter.

Crescent Energy Price Performance

CRGY stock opened at $8.60 on Friday. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 13.87 and a beta of 1.88. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.93 and a quick ratio of 0.93. The company has a 50 day simple moving average of $9.83 and a 200 day simple moving average of $12.85. Crescent Energy has a 1 year low of $6.83 and a 1 year high of $16.94.

Crescent Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.48 annualized dividend and a dividend yield of 5.58%. Crescent Energy’s dividend payout ratio (DPR) is presently -69.57%.

Insider Buying and Selling at Crescent Energy

In related news, major shareholder Energy Aggregator Independence sold 2,948,723 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $9.91, for a total transaction of $29,221,844.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Duginski bought 20,000 shares of Crescent Energy stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $10.57 per share, with a total value of $211,400.00. Following the completion of the acquisition, the director now owns 259,607 shares of the company’s stock, valued at $2,744,045.99. This represents a 8.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 24,932 shares of company stock valued at $263,219. Corporate insiders own 13.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. KeyCorp cut their price objective on Crescent Energy from $18.00 to $14.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Raymond James reissued a “strong-buy” rating and set a $18.00 price target (down from $23.00) on shares of Crescent Energy in a research note on Friday, March 28th. Williams Trading set a $16.00 price objective on Crescent Energy in a research note on Wednesday, March 5th. Truist Financial lifted their target price on shares of Crescent Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, Citigroup lowered shares of Crescent Energy to a “reduce” rating in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Crescent Energy has a consensus rating of “Moderate Buy” and a consensus target price of $16.80.

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.