89,000 Shares in Crescent Energy Company $CRGY Bought by MYDA Advisors LLC

MYDA Advisors LLC bought a new position in Crescent Energy Company (NYSE:CRGY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 89,000 shares of the company’s stock, valued at approximately $747,000.

Several other institutional investors have also recently bought and sold shares of CRGY. Vanguard Group Inc. raised its holdings in Crescent Energy by 34.6% in the 4th quarter. Vanguard Group Inc. now owns 27,292,081 shares of the company’s stock worth $228,981,000 after acquiring an additional 7,015,982 shares during the period. State Street Corp raised its holdings in Crescent Energy by 27.6% in the 4th quarter. State Street Corp now owns 12,808,605 shares of the company’s stock worth $107,464,000 after acquiring an additional 2,767,096 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Crescent Energy by 77.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,105,558 shares of the company’s stock worth $42,836,000 after acquiring an additional 2,234,324 shares during the period. Dimensional Fund Advisors LP raised its holdings in Crescent Energy by 20.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 12,872,215 shares of the company’s stock worth $107,999,000 after acquiring an additional 2,213,352 shares during the period. Finally, American Century Companies Inc. raised its holdings in Crescent Energy by 8.0% in the 3rd quarter. American Century Companies Inc. now owns 19,363,386 shares of the company’s stock worth $172,721,000 after acquiring an additional 1,434,789 shares during the period. Institutional investors own 52.11% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CRGY. Wells Fargo & Company lifted their target price on shares of Crescent Energy from $14.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Piper Sandler lifted their target price on shares of Crescent Energy from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Mizuho lifted their target price on shares of Crescent Energy from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Weiss Ratings downgraded shares of Crescent Energy from a “hold (c)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $20.00 price objective on shares of Crescent Energy in a report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Crescent Energy Price Performance

Shares of Crescent Energy stock opened at $11.57 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.57 and a current ratio of 0.57. The firm’s 50-day simple moving average is $12.60 and its 200-day simple moving average is $10.92. Crescent Energy Company has a twelve month low of $7.68 and a twelve month high of $14.29. The firm has a market cap of $3.82 billion, a P/E ratio of -15.42 and a beta of 1.37.

Crescent Energy (NYSE:CRGY) last issued its earnings results on Monday, May 4th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.14. Crescent Energy had a negative net margin of 7.47% and a positive return on equity of 8.10%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business earned $0.57 EPS. The firm’s revenue was up 24.5% on a year-over-year basis. As a group, research analysts expect that Crescent Energy Company will post 1.99 EPS for the current fiscal year.

Crescent Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, May 18th. Crescent Energy’s dividend payout ratio is presently -64.00%.

About Crescent Energy

Crescent Energy Co (NYSE: CRGY) is an independent exploration and production company focused on the acquisition, development and production of oil and natural gas resources in North America. Headquartered in Oklahoma City, the company’s core business activities include the identification and appraisal of prospective acreage, the design and execution of drilling and completion programs, and the ongoing operation and optimization of producing wells. Crescent Energy’s integrated approach emphasizes capital efficiency, reservoir quality and operational reliability to support sustainable cash flow generation over the commodity cycle.

Crescent Energy’s operations are concentrated in the Permian Basin, with a particular focus on the Delaware Basin’s stacked pay intervals.