Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Crescent Energy Co. (NYSE: CRGY) was $12.56 for the day, up 1.95% from the previous closing price of $12.32. In other words, the price has increased by $1.95 from its previous closing price. On the day, 2.08 million shares were traded. CRGY stock price reached its highest trading level at $12.64 during the session, while it also had its lowest trading level at $12.02.
Ratios:
Our analysis of CRGY’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 206.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.27. For the most recent quarter (mrq), Quick Ratio is recorded 0.75 and its Current Ratio is at 0.75. In the meantime, Its Debt-to-Equity ratio is 0.89 whereas as Long-Term Debt/Eq ratio is at 0.89.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Tudor Pickering Holt & Co. on April 10, 2024, initiated with a Buy rating and assigned the stock a target price of $18.
On January 03, 2024, Mizuho Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $18 to $14.
On December 05, 2023, Raymond James started tracking the stock assigning a Strong Buy rating and target price of $16.Raymond James initiated its Strong Buy rating on December 05, 2023, with a $16 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 01 ’24 when KKR Group Partnership L.P. sold 6,000,000 shares for $10.74 per share. The transaction valued at 64,440,000 led to the insider holds 0 shares of the business.
Independence Energy Aggregator sold 6,000,000 shares of CRGY for $64,440,000 on Apr 01 ’24. The 10% Owner now owns 0 shares after completing the transaction at $10.74 per share. On Mar 15 ’24, another insider, Kendall Brandi, who serves as the insider of the company, bought 488 shares for $11.08 each. As a result, the insider paid 5,407 and bolstered with 21,130 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRGY now has a Market Capitalization of 2228960256 and an Enterprise Value of 4700271616. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.47 while its Price-to-Book (P/B) ratio in mrq is 0.67. Its current Enterprise Value per Revenue stands at 1.919 whereas that against EBITDA is 4.336.
Stock Price History:
Over the past 52 weeks, CRGY has reached a high of $14.22, while it has fallen to a 52-week low of $9.17. The 50-Day Moving Average of the stock is 11.57%, while the 200-Day Moving Average is calculated to be 6.74%.
Shares Statistics:
CRGY traded an average of 1.56M shares per day over the past three months and 1606030 shares per day over the past ten days. A total of 91.61M shares are outstanding, with a floating share count of 81.37M. Insiders hold about 11.17% of the company’s shares, while institutions hold 70.77% stake in the company. Shares short for CRGY as of 1713139200 were 8971155 with a Short Ratio of 5.76, compared to 1710460800 on 9642132. Therefore, it implies a Short% of Shares Outstanding of 8971155 and a Short% of Float of 9.4.
Dividends & Splits
With its trailing 12-month dividend rate of 0.48, CRGY has a forward annual dividend rate of 0.48. Against a Trailing Annual Dividend Yield of 0.038961038
