As of close of business last night, Crescent Energy Co.’s stock clocked out at $10.90, up 0.28% from its previous closing price of $10.87. In other words, the price has increased by $+0.03 from its previous closing price. On the day, 1043999 shares were traded.
Ratios:
To gain a deeper understanding of CRGY’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 309.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.82. 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 the company, Mizuho on January 03, 2024, Downgraded its rating to Neutral and sets its target price to $14 from $18 previously.
On December 05, 2023, Raymond James started tracking the stock assigning a Strong Buy rating and target price of $16.
On December 01, 2023, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $16.Evercore ISI initiated its Outperform rating on December 01, 2023, with a $16 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 11 ’24 when Independence Energy Aggregator sold 13,800,000 shares for $9.87 per share. The transaction valued at 136,206,000 led to the insider holds 0 shares of the business.
KKR Group Partnership L.P. sold 13,800,000 shares of CRGY for $136,206,000 on Mar 11 ’24. The 10% Owner now owns 0 shares after completing the transaction at $9.87 per share. On Dec 06 ’23, another insider, Rockecharlie David C., who serves as the insider of the company, bought 20,000 shares for $11.32 each. As a result, the insider paid 226,400 and bolstered with 100,000 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 1.15B and an Enterprise Value of 2.91B. As of this moment, Crescent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.61, and their Forward P/E ratio for the next fiscal year is 6.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.42 while its Price-to-Book (P/B) ratio in mrq is 0.59. Its current Enterprise Value per Revenue stands at 1.22 whereas that against EBITDA is 2.49.
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 11.28, while the 200-Day Moving Average is calculated to be 11.58.
Shares Statistics:
It appears that CRGY traded 1.19M shares on average per day over the past three months and 2.05M shares per day over the past ten days. A total of 91.61M shares are outstanding, with a floating share count of 81.16M. Insiders hold about 11.41% of the company’s shares, while institutions hold 68.56% stake in the company. Shares short for CRGY as of Feb 29, 2024 were 9.08M with a Short Ratio of 7.61, compared to 8.82M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.92% and a Short% of Float of 11.12%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.48, CRGY has a forward annual dividend rate of 0.53. Against a Trailing Annual Dividend Yield of 4.42%, it implies a Forward Annual Dividend Yield of 4.40%.
Earnings Estimates
As of right now, 4 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.24 for the current quarter, with a high estimate of $0.48 and a low estimate of $0.13, while EPS last year was $1.24. The consensus estimate for the next quarter is $0.26, with high estimates of $0.46 and low estimates of $0.18.
Analysts are recommending an EPS of between $1.77 and $0.76 for the fiscal current year, implying an average EPS of $1.07. EPS for the following year is $1.36, with 4 analysts recommending between $2.61 and $0.89.
Revenue Estimates
In the current quarter, 5 analysts expect revenue to total $586.03M. It ranges from a high estimate of $618M to a low estimate of $548.96M. As of the current estimate, Crescent Energy Co.’s year-ago sales were $481.79M, an estimated increase of 21.60% from the year-ago figure.
A total of 5 analysts have provided revenue estimates for CRGY’s current fiscal year. The highest revenue estimate was $2.46B, while the lowest revenue estimate was $2.35B, resulting in an average revenue estimate of $2.41B. In the same quarter a year ago, actual revenue was $2.38B, up 1.10% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $2.51B in the next fiscal year. The high estimate is $2.8B and the low estimate is $2.38B. The average revenue growth estimate for next year is up 4.20% from the average revenue estimate for this year.
