In the latest trading session, 2.8 million Crescent Energy Co. (NYSE:CRGY) shares changed hands as the company’s beta touched 1.13. With the company’s most recent per share price at $12.40 changing hands around $1.23 or 11.01% at last look, the market valuation stands at $2.02B. CRGY’s current price is a discount, trading about -11.69% off its 52-week high of $13.85. The share price had its 52-week low at $9.88, which suggests the last value was 20.32% up since then. When we look at Crescent Energy Co.’s average trading volume, we note the 10-day average is 2.83 million shares, with the 3-month average coming to 2.76 million.
Analysts gave the Crescent Energy Co. (CRGY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.36. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 0 recommended CRGY as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Crescent Energy Co.’s EPS for the current quarter is expected to be 0.35.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Crescent Energy Co. (NYSE:CRGY) trade information
Instantly CRGY is in green as seen in intraday trades today. With action 8.39%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -6.13%, with the 5-day performance at 8.39% in the green. However, in the 30-day time frame, Crescent Energy Co. (NYSE:CRGY) is 8.30% up. Looking at the short shares, we see there were 13.24 million shares sold at short interest cover period of 6.16 days.
The consensus price target for the stock as assigned by Wall Street analysts is 17, meaning bulls need an upside of 27.06% from its recent market value. According to analyst projections, CRGY’s forecast low is 14 with 20 as the target high. To hit the forecast high, the stock’s price needs a -61.29% plunge from its current level, while the stock would need to soar -12.9% for it to hit the projected low.
Crescent Energy Co. (CRGY) estimates and forecasts
Data shows that the Crescent Energy Co. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 7.92% over the past 6 months, a -46.05% in annual growth rate that is considerably lower than the industry average of -4.70%. Year-over-year growth is forecast to reach 26.40% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 819.28M. 6 analysts are of the opinion that Crescent Energy Co.’s revenue for the current quarter will be 898.16M. The company’s revenue for the corresponding quarters a year ago was 642.4M and 657.73M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 27.50%. The estimates for the next quarter sales put growth at 36.60%.
The 2024 estimates are for Crescent Energy Co. earnings to decrease by -35.42%, but the outlook for the next 5-year period is at -4.60% per year.
CRGY Dividends
Crescent Energy Co. is expected to release its next quarterly earnings report on 2024-Nov-04. The 3.87% annual yield figure for the share gives it an annual dividend of 0.48. It is important to note, however, that the 3.87% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Crescent Energy Co. (NYSE:CRGY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.39% of Crescent Energy Co. shares while 62.55% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 66.82%. There are 62.55% institutions holding the Crescent Energy Co. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 10.5448% of the shares, roughly 11.76 million CRGY shares worth $139.35 million.
AMERICAN CENTURY COMPANIES INC holds the second largest percentage of outstanding shares, with 6.9729% or 7.78 million shares worth $92.14 million as of 2024-06-30.
