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The closing price of Crescent Energy Co. (NYSE: CRGY) was $12.20 for the day, down -0.57% from the previous closing price of $12.27. In other words, the price has decreased by -$0.57 from its previous closing price. On the day, 1.11 million shares were traded. CRGY stock price reached its highest trading level at $12.365 during the session, while it also had its lowest trading level at $12.08.
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 243.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.87. 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 2165072896 and an Enterprise Value of 4686889472. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.56 while its Price-to-Book (P/B) ratio in mrq is 0.65. Its current Enterprise Value per Revenue stands at 1.913 whereas that against EBITDA is 4.324.
Stock Price History:
The Beta on a monthly basis for CRGY is 1.19, which has changed by 0.22244489 over the last 52 weeks, in comparison to a change of 0.23232913 over the same period for the S&P500. Over the past 52 weeks, CRGY has reached a high of $14.22, while it has fallen to a 52-week low of $9.60. The 50-Day Moving Average of the stock is 4.18%, while the 200-Day Moving Average is calculated to be 3.77%.
Shares Statistics:
CRGY traded an average of 2.13M shares per day over the past three months and 2515510 shares per day over the past ten days. A total of 111.52M shares are outstanding, with a floating share count of 99.06M. Insiders hold about 11.17% of the company’s shares, while institutions hold 67.71% stake in the company. Shares short for CRGY as of 1715731200 were 8926467 with a Short Ratio of 4.20, compared to 1713139200 on 8971155. Therefore, it implies a Short% of Shares Outstanding of 8926467 and a Short% of Float of 8.790000000000001.
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 0.039119802
