The stock of Crescent Energy Company (NYSE:CRGY) increased by $0.13 on Friday to finish at $13.38, up 0.98 percent. The last five days have seen an average of 686,340 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $1.39. The average number of shares traded over the last 20 days was 561,280, while the average volume over the last 50 days totaled 500,556.
CRGY stock appreciated 17.78% since last month. On 07/26/23, the company’s shares reached a one-month low of $11.16. The stock touched a high of $17.95 on 08/17/23, after rallying from a low of $9.17 in 52 weeks. The price of CRGY stock has risen by 11.59% or $1.39 this year, reaching a new high 12 times. Still, the stock price is down -25.46% from the 52-week high.
Insider Transactions
CRGY stock investors should be aware that Crescent Energy Company (CRGY) stock had its last reported insider trading activity 40 days ago on Jul 19. On Jul 19, 10% Owner TEACHER RETIREMENT SYSTEM OF T acquired 46 shares at $11.43 each. This transaction resulted in the insider spending $526. On Jun 14, Rockecharlie David C. added 4,000 shares at a price of US$10.14. After the transaction, the insider now owns 45,000 shares. Falk Todd had earlier bought 350 shares on Jun 12 for $9.97 a share. The transaction was completed for $3,490.
Valuation Metrics
Crescent Energy Company (CRGY) has a trailing price-to-earnings (P/E) ratio of 11.67. Beta for the stock is 1.23. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.84, the price-to-book (PB) ratio of 1.53, and the price-to-cash flow ratio of 7.69.
Company paid $0.12 per share in dividends, remained unchanged from $0.12 last year. A $0.05 dividend decrease was reported on Wednesday May 10 2023.
Financial Health
For the three months ended June 29, Crescent Energy Company’s quick ratio was 0.90, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.92, and the total debt to equity ratio is 0.92. As far as profitability goes, gross margin for the trailing twelve months is 60.60% percent. Crescent Energy Company’s EBITDA margin for the year ended June 29 was 63.96%, whereas its operating margin stood at 28.00% for the same period. Based on annual data, it had gross profit of $3.06 billion and revenue of $3.06 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CRGY’s return on assets (ROA) during the last 12 months has been 3.10%. There was a 59.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 19.00%.
Earnings Surprise
According to Crescent Energy Company’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $492.34 million, while revenues fell by -84.51% to $590.14 million. It was predicted that Crescent Energy Company’s quarterly earnings would be $0.11, but it ended up being $0.14, beating the consensus by -21.40%. EBITDA was $228.63 million for the quarter. At the end of Crescent Energy Company’s most recent quarter ended June 29, its liabilities totaled 4.67 billion, while its total debt was $1.35 billion. Equity owned by shareholders amounts to $167.01 million.
Technical Picture
Here’s a quick look at Crescent Energy Company’s (CRGY) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 62.67%, suggesting the stock is Neutral, with a 25.69% historical volatility rate.
The stochastic %K and %D were 69.03% and 72.02% respectively, while the average true range (ATR) was 0.50. Based on the 14-day stochastic reading of 74.41%, the RSI (14) reading is 65.28%. On the 9-day MACD Oscillator, the stock is at -0.17, and the 14-day reading is at 0.01.
Analyst Ratings
In its analyst report released on February 14, 2023, Credit Suisse began covering Crescent Energy Company (NYSE: CRGY). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Crescent Energy Company (CRGY) an Overweight rating. CRGY is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is CRGY’s price target for the next 12 months?
The current consensus forecast for the stock is between $11.00 and $20.00, with a median target price of $14.00. In analyzing these forecasts, the average price target given by analysts for Crescent Energy Company (CRGY) is $14.83.
