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

Crescent Energy (NYSE:CRGY) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Crescent Energy (NYSE:CRGY) last announced its quarterly earnings data on Monday, March 4th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.37. Crescent Energy had a net margin of 2.84% and a return on equity of 13.30%. The company had revenue of $657.73 million for the quarter, compared to the consensus estimate of $584.12 million. On average, analysts expect Crescent Energy to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Crescent Energy Trading Up 0.7 %

Shares of NYSE:CRGY opened at $10.57 on Friday. Crescent Energy has a 52 week low of $9.17 and a 52 week high of $14.22. The company’s 50 day moving average is $11.24 and its two-hundred day moving average is $11.51. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.98. The company has a market cap of $1.90 billion, a PE ratio of 8.19 and a beta of 2.29.

Crescent Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend was Thursday, March 14th. Crescent Energy’s dividend payout ratio (DPR) is 37.21%.

Insider Activity

In related news, major shareholder Energy Aggregator Independence sold 13,800,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 13.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CRGY has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Crescent Energy from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Truist Financial reduced their price target on Crescent Energy from $23.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. TheStreet raised shares of Crescent Energy from a “d” rating to a “c-” rating in a research note on Wednesday, February 14th. Raymond James cut their target price on Crescent Energy from $16.00 to $15.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Finally, Mizuho restated a “neutral” rating and issued a $13.00 price objective (down from $14.00) on shares of Crescent Energy in a report on Friday, March 22nd. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $16.38.

Crescent Energy Company Profile

Crescent Energy Company, an energy company, acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. The company holds a portfolio of oil and natural gas assets in key proven regions, including Eagle Ford and Uinta basins. The company is based in Houston, Texas.