As of Friday close, Crescent Energy Company’s (NYSE:CRGY) stock was up $0.02, moving up 0.15 percent to $13.66. The average number of shares traded per day over the past five days has been 737,580 shares. 2 times new highs have been achieved over the past 5 days, with a $0.12 gain in that time frame. In the last twenty days, the average volume was 454,870, while in the previous 50 days, it was 466,152.
Since last month, CRGY stock rose 19.09%. Shares of the company fell to $11.05 on 07/25/23, the lowest level in the past month. A 52-week high of $18.16 was reached on 08/17/23 after having rallying from a 52-week low of $9.17. Since the beginning of this year, CRGY’s stock price has risen by 13.93% or $1.67, and marked a new high 12 times. However, the stock has declined by -24.78% since its 52-week high.
CRGY stock investors should be aware that Crescent Energy Company (CRGY) stock had its last reported insider trading activity 31 days ago on Jul 19. TEACHER RETIREMENT SYSTEM OF T, the 10% Owner of the company, purchased of 46 shares for $11.43 on Jul 19. It resulted in a $526 investment by the insider. Rockecharlie David C. added 4,000 shares at an average price of $10.14 on Jun 14. The insider now owns 45,000 shares following the transaction. On Jun 12, Falk Todd bought 350 shares at $9.97 apiece. The transaction was valued at $3,490.
Valuation Metrics
Right now, Crescent Energy Company (CRGY) has a P/E ratio of about 9.51. The stock’s beta is 1.20. Besides these, the trailing price-to-sales (P/S) ratio of 0.71, the price-to-book (PB) ratio of 2.53.
The latest dividend of $0.12 per share was paid out, remained unchanged from last year’s $0.12. On Wednesday May 10 2023, a $0.05 dividend decrease was announced.
Financial Health
In the three months ended June 29, Crescent Energy Company’s quick ratio stood at 0.70, while its current ratio was 0.70, 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 June 29 was 1.39, and the total debt-to-equity ratio was 1.39. On the profitability front, the trailing twelve-month gross margin is 65.00% percent. In the year ended June 29, EBITDA margin amounted to 63.96%, whereas operating margins totaled 42.10%. Based on annual data, CRGY earned $3.06 billion in gross profit and brought in $3.06 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 59.20%. Return on equity (ROE) for the past 12 months was 12.00%.
In Crescent Energy Company’s quarter-end financial report for June 29, it reported total debt of $1.33 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 fell -84.51% to $590.14 million during the quarter, while net income inched up to $492.34 million. While analysts expected Crescent Energy Company to report $0.14 quarterly earnings, the actual figure was $0.11 per share, beating the consensus estimate by -21.40%. During the quarter, the company generated $228.63 million in EBITDA. The liabilities of Crescent Energy Company were 4.67 billion at the end of its most recent quarter ended June 29, and its total debt was $1.35 billion. The value of shareholders’ equity is $167.01 million.
Technical Picture
This quick technical analysis looks at Crescent Energy Company’s (CRGY) price momentum. With a historical volatility rate of 34.92%, the RSI 9-day stood at 79.58% on 18 August.
With respect to its five-day moving average, the current Crescent Energy Company price is up by +0.89% percent or $0.12. At present, CRGY shares trade +20.99% above its 20-day simple moving average and +28.75% percent above its 100-day simple moving average. However, the stock is currently trading approximately +31.09% above its SMA50 and -0.87% below its SMA200.
Stochastic coefficient K was 87.86% and Stochastic coefficient D was 88.40%, while ATR was 0.49. Given the Stochastic reading of 86.14% for the 14-day period, the RSI (14) reading has been calculated as 76.66%. As of today, the MACD Oscillator reading stands at 0.41, while the 14-day reading stands at 0.89.
Analyst Ratings
Credit Suisse launched its rating on Crescent Energy Company (NYSE: CRGY) to a Neutral in a note to investors on February 14, 2023. 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 1 analyst who say the stock is underweight. A total of 0 analysts rate Crescent Energy Company stock as buy, with 3 recommending it as overweight.
With a median target price of $14.00, the current consensus forecast for the stock is $11.00 – $20.00. Based on these forecasts, analysts predict Crescent Energy Company (CRGY) will achieve an average price target of $14.83.
