In the latest trading session, 5.87 million Crescent Energy Co (NYSE:CRGY) shares changed hands as the company’s beta touched 1.18. With the company’s most recent per share price at $14.67 changed hands at -$0.47 or -3.10% at last look, the market valuation stands at $3.35B. CRGY’s current price is a discount, trading about -5.93% off its 52-week high of $15.54. The share price had its 52-week low at $9.88, which suggests the last value was 32.65% up since then. When we look at Crescent Energy Co’s average trading volume, we note the 10-day average is 2.02 million shares, with the 3-month average coming to 3.08 million.

Analysts gave the Crescent Energy Co (CRGY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.33. 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 0.45.

Crescent Energy Co (NYSE:CRGY) trade information

Instantly CRGY was in red as seen in intraday trades today. With action 0.83%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 11.06%, with the 5-day performance at 0.83% in the green. However, in the 30-day time frame, Crescent Energy Co (NYSE:CRGY) is 17.08% up. Looking at the short shares, we see there were 17.07 million shares sold at short interest cover period of 8.96 days.

The consensus price target for the stock as assigned by Wall Street analysts is 16, meaning bulls need an upside of 8.31% from its recent market value. According to analyst projections, CRGY’s forecast low is 16 with 17 as the target high. To hit the forecast high, the stock’s price needs a -15.88% plunge from its current level, while the stock would need to soar -9.07% 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 18.79% over the past 6 months, a -50.86% in annual growth rate that is considerably lower than the industry average of -7.80%. Year-over-year growth is forecast to reach 22.78% 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 884.12M. 5 analysts are of the opinion that Crescent Energy Co’s revenue for the current quarter will be 886.56M. The company’s revenue for the corresponding quarters a year ago was 657.73M and 657.47M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 34.42%. The estimates for the next quarter sales put growth at 34.84%.

The 2024 estimates are for Crescent Energy Co earnings to decrease by -23.87%, but the outlook for the next 5-year period is at 17.00% per year.

CRGY Dividends

Crescent Energy Co is expected to release its next quarterly earnings report in January. The 3.27% annual yield figure for the share gives it an annual dividend of 0.48. It is important to note, however, that the 3.27% 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 6.45% of Crescent Energy Co shares while 86.56% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 92.53%. There are 86.56% 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.