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 $10.24 for the day, down -3.76% from the previous closing price of $10.64. In other words, the price has decreased by -$3.76 from its previous closing price. On the day, 1.41 million shares were traded. CRGY stock price reached its highest trading level at $10.75 during the session, while it also had its lowest trading level at $10.11.
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 290.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.65. For the most recent quarter (mrq), Quick Ratio is recorded 0.82 and its Current Ratio is at 0.82. In the meantime, Its Debt-to-Equity ratio is 1.00 whereas as Long-Term Debt/Eq ratio is at 1.00.
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 1816135552 and an Enterprise Value of 4579368960. As of this moment, Crescent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.09, and their Forward P/E ratio for the next fiscal year is 5.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.39 while its Price-to-Book (P/B) ratio in mrq is 0.55. Its current Enterprise Value per Revenue stands at 1.922 whereas that against EBITDA is 3.451.
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 -9.05%, while the 200-Day Moving Average is calculated to be -13.03%.
Shares Statistics:
CRGY traded an average of 1.44M shares per day over the past three months and 1126480 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 70.07% stake in the company. Shares short for CRGY as of 1713139200 were 8971155 with a Short Ratio of 6.22, 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 0.04511278
Earnings Estimates
The current market rating for Crescent Energy Co. (CRGY) reflects the collective analysis of 7.0 analysts closely monitoring its performance.On average, analysts expect EPS of $0.2 for the current quarter, with a high estimate of $0.35 and a low estimate of $0.1, while EPS last year was $1.24. The consensus estimate for the next quarter is $0.29, with high estimates of $0.43 and low estimates of $0.14.
Analysts are recommending an EPS of between $1.76 and $0.67 for the fiscal current year, implying an average EPS of $1.23. EPS for the following year is $1.67, with 7.0 analysts recommending between $2.55 and $0.92.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. It ranges from a high estimate of $616M to a low estimate of $559M. As of the current estimate, Crescent Energy Co.’s year-ago sales were $481.79MFor the next quarter, 6 analysts are estimating revenue of $601.62M. There is a high estimate of $657M for the next quarter, whereas the lowest estimate is $567M.
A total of 6 analysts have provided revenue estimates for CRGY’s current fiscal year. The highest revenue estimate was $2.6B, while the lowest revenue estimate was $2.3B, resulting in an average revenue estimate of $2.43B. In the same quarter a year ago, actual revenue was $2.38BBased on 6 analysts’ estimates, the company’s revenue will be $2.51B in the next fiscal year. The high estimate is $2.66B and the low estimate is $2.26B.
