Crescent Energy (CRGY) Scheduled to Post Quarterly Earnings on Monday

Crescent Energy (NYSE:CRGY) is scheduled to be announcing its earnings results after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Crescent Energy (NYSE:CRGY) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Crescent Energy had a net margin of 0.61% and a return on equity of 13.41%. The company had revenue of $653.28 million during the quarter, compared to analyst estimates of $619.00 million. On average, analysts expect Crescent Energy to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Crescent Energy Price Performance

CRGY stock opened at $12.26 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.13. The firm’s 50-day moving average price is $11.83 and its two-hundred day moving average price is $11.76. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 613.00 and a beta of 2.19. Crescent Energy has a 12-month low of $9.88 and a 12-month high of $13.85.

Crescent Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend was Monday, August 19th. Crescent Energy’s payout ratio is currently 2,400.00%.

Wall Street Analysts Forecast Growth

CRGY has been the subject of several research reports. Evercore ISI reissued an “outperform” rating and issued a $17.00 target price on shares of Crescent Energy in a research report on Tuesday, September 24th. Truist Financial decreased their price objective on Crescent Energy from $19.00 to $15.00 and set a “buy” rating for the company in a report on Monday, September 30th. Mizuho dropped their target price on shares of Crescent Energy from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Wells Fargo & Company decreased their price target on shares of Crescent Energy from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Finally, Pickering Energy Partners initiated coverage on shares of Crescent Energy in a research note on Monday, October 28th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $15.70.

Insiders Place Their Bets

In other Crescent Energy news, Director Michael Duginski acquired 9,344 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $10.62 per share, with a total value of $99,233.28. Following the purchase, the director now directly owns 201,081 shares of the company’s stock, valued at approximately $2,135,480.22. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought a total of 12,294 shares of company stock valued at $131,297 in the last quarter. 13.20% of the stock is currently owned by insiders.

Crescent Energy Company Profile

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.