Market Watch: Crescent Energy Co. (CRGY)’s Noteworthy Gain, Closing at 12.50

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As of close of business last night, Crescent Energy Co.’s stock clocked out at $12.50, up 1.63% from its previous closing price of $12.30. In other words, the price has increased by $1.63 from its previous closing price. On the day, 3.09 million shares were traded. CRGY stock price reached its highest trading level at $12.53 during the session, while it also had its lowest trading level at $12.275.

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 249.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.96. 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, KeyBanc Capital Markets on June 27, 2024, initiated with a Overweight rating and assigned the stock a target price of $16.

On April 10, 2024, Tudor Pickering Holt & Co. started tracking the stock assigning a Buy rating and target price of $18.

Mizuho Downgraded its Buy to Neutral on January 03, 2024, whereas the target price for the stock was revised from $18 to $14.

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 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 2218312448 and an Enterprise Value of 4698041344. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.57 while its Price-to-Book (P/B) ratio in mrq is 0.67. Its current Enterprise Value per Revenue stands at 1.918 whereas that against EBITDA is 4.334.

Stock Price History:

The Beta on a monthly basis for CRGY is 1.16, which has changed by 0.08179414 over the last 52 weeks, in comparison to a change of 0.23279357 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 $10.11. The 50-Day Moving Average of the stock is 3.98%, while the 200-Day Moving Average is calculated to be 7.28%.

Shares Statistics:

It appears that CRGY traded 2.26M shares on average per day over the past three months and 2298310 shares per day over the past ten days. A total of 111.52M shares are outstanding, with a floating share count of 101.28M. Insiders hold about 9.18% of the company’s shares, while institutions hold 67.87% stake in the company. Shares short for CRGY as of 1719532800 were 18632604 with a Short Ratio of 8.26, compared to 1717113600 on 12452117. Therefore, it implies a Short% of Shares Outstanding of 18632604 and a Short% of Float of 18.35.

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 0.03902439

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