How Analysts Feel About Crescent Energy Company (CRGY)?


As of Wednesday close, Crescent Energy Company’s (NYSE:CRGY) stock was down -$0.36, moving down -2.48 percent to $14.14. The average number of shares traded per day over the past five days has been 385,000 shares. 3 times new highs have been achieved over the past 5 days, with a $0.29 gain in that time frame. In the last twenty days, the average volume was 413,745, while in the previous 50 days, it was 411,330.

Since last month, CRGY stock retreated -3.15%. Shares of the company fell to $13.14 on 10/28/22, the lowest level in the past month. Since the beginning of this year, CRGY’s stock price has risen by 11.51% or $1.46, and marked a new high 18 times. However, the stock has declined by -28.04% since its 52-week high.

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CRGY stock investors should be aware that Crescent Energy Company (CRGY) stock had its last reported insider trading activity 3 days ago on Nov 21. Conner Benjamin, the of the company, purchased of 500 shares for $13.29 on Nov 21. It resulted in a $6,645 investment by the insider. Rockecharlie David C. added 1,000 shares at an average price of $13.93 on Nov 18. The insider now owns 37,000 shares following the transaction. On Nov 17, Chief Executive Officer Rockecharlie David C. bought 1,000 shares at $14.00 apiece. The transaction was valued at $14,000.

Valuation Metrics

Right now, Crescent Energy Company (CRGY) has a P/E ratio of about 2.11. Besides these, the trailing price-to-sales (P/S) ratio of 0.84, the price-to-book (PB) ratio of 2.83.

The latest dividend of $0.17 per share was paid out, remained unchanged from last year’s $0.17. On Thursday May 12 2022, a $0.05 dividend increase was announced.

Financial Health

In the three months ended September 29, Crescent Energy Company’s quick ratio stood at 0.60, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.63, and the total debt-to-equity ratio was 1.63. Based on annual data, CRGY earned $1.48 billion in gross profit and brought in $1.48 billion in revenue.

In Crescent Energy Company’s quarter-end financial report for September 29, it reported total debt of $1.37 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CRGY’s revenue rose 100.0% to $908.43 million during the quarter, while net income inched up to $864.96 million. While analysts expected Crescent Energy Company to report $0.89 quarterly earnings, the actual figure was $2.74 per share, beating the consensus estimate by 207.90%. During the quarter, the company generated $565.08 million in EBITDA. The liabilities of Crescent Energy Company were 5.38 billion at the end of its most recent quarter ended September 29, and its total debt was $1.38 billion. The value of shareholders’ equity is $166.93 million.

Technical Picture

This quick technical analysis looks at Crescent Energy Company’s (CRGY) price momentum. With a historical volatility rate of 50.24%, the RSI 9-day stood at 48.78% on 23 November.

With respect to its five-day moving average, the current Crescent Energy Company price is up by +2.09% percent or $0.29. At present, CRGY shares trade -2.48% below its 20-day simple moving average and +20.24% percent above its 100-day simple moving average. However, the stock is currently trading approximately -13.62% below its SMA50 and +9.19% above its SMA200.

Stochastic coefficient K was 52.12% and Stochastic coefficient D was 47.34%, while ATR was 0.77. Given the Stochastic reading of 49.24% for the 14-day period, the RSI (14) reading has been calculated as 48.48%. As of today, the MACD Oscillator reading stands at 0.08, while the 14-day reading stands at -0.07.

Analyst Ratings

BofA Securities launched its rating on Crescent Energy Company (NYSE: CRGY) to a Neutral in a note to investors on November 15, 2022. Crescent Energy Company (CRGY) has been rated Overweight by analysts. According to 0 brokerage firms, CRGY is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Crescent Energy Company stock as buy, with 2 recommending it as overweight.

With a median target price of $17.00, the current consensus forecast for the stock is $15.00 – $20.00. Based on these forecasts, analysts predict Crescent Energy Company (CRGY) will achieve an average price target of $17.25.


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