Market Watch Highlights: Crescent Energy Co. (CRGY) Ends on an Downturn Note at 12.25

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As of close of business last night, Crescent Energy Co.’s stock clocked out at $12.25, down -0.81% from its previous closing price of $12.35. In other words, the price has decreased by -$0.81 from its previous closing price. On the day, 0.83 million shares were traded. CRGY stock price reached its highest trading level at $12.45 during the session, while it also had its lowest trading level at $12.13.

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 201.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.19. 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:

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 2173946112 and an Enterprise Value of 4692465152. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.46 while its Price-to-Book (P/B) ratio in mrq is 0.66. Its current Enterprise Value per Revenue stands at 1.915 whereas that against EBITDA is 4.329.

Stock Price History:

The Beta on a monthly basis for CRGY is 1.18, which has changed by 0.18129218 over the last 52 weeks, in comparison to a change of 0.2644323 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 $9.17. The 50-Day Moving Average of the stock is 7.91%, while the 200-Day Moving Average is calculated to be 3.94%.

Shares Statistics:

It appears that CRGY traded 1.60M shares on average per day over the past three months and 1750200 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 75.29% stake in the company. Shares short for CRGY as of 1714435200 were 8916540 with a Short Ratio of 5.57, compared to 1711584000 on 9283916. Therefore, it implies a Short% of Shares Outstanding of 8916540 and a Short% of Float of 8.7799996.

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 0.038866393

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