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The closing price of Crescent Energy Co. (NYSE: CRGY) was $12.17 for the day, down -1.62% from the previous closing price of $12.37. In other words, the price has decreased by -$1.62 from its previous closing price. On the day, 2.83 million shares were traded. CRGY stock price reached its highest trading level at $12.37 during the session, while it also had its lowest trading level at $12.065.
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 243.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.86. 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:
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 2159748864 and an Enterprise Value of 4683544064. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.55 while its Price-to-Book (P/B) ratio in mrq is 0.65. Its current Enterprise Value per Revenue stands at 1.912 whereas that against EBITDA is 4.321.
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 $9.74. The 50-Day Moving Average of the stock is 2.58%, while the 200-Day Moving Average is calculated to be 4.48%.
Shares Statistics:
CRGY traded an average of 2.30M shares per day over the past three months and 2865330 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 67.70% stake in the company. Shares short for CRGY as of 1718323200 were 14184101 with a Short Ratio of 6.18, compared to 1715731200 on 8926467. Therefore, it implies a Short% of Shares Outstanding of 14184101 and a Short% of Float of 13.969999999999999.
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 0.038803555
