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Crescent Energy Co. (NYSE: CRGY) closed the day trading at $10.98 down -0.36% from the previous closing price of $11.02. In other words, the price has decreased by -$0.36 from its previous closing price. On the day, 1.1 million shares were traded. CRGY stock price reached its highest trading level at $11.0 during the session, while it also had its lowest trading level at $10.83.
Ratios:
For a better understanding of CRGY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 311.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.84. 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 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 1947379712 and an Enterprise Value of 4650824192. As of this moment, Crescent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.67, and their Forward P/E ratio for the next fiscal year is 6.10. 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 1.952 whereas that against EBITDA is 3.505.
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 -2.53%, while the 200-Day Moving Average is calculated to be -6.71%.
Shares Statistics:
Over the past 3-months, CRGY traded about 1.40M shares per day on average, while over the past 10 days, CRGY traded about 1332450 shares per day. 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 69.38% stake in the company. Shares short for CRGY as of 1711584000 were 9283916 with a Short Ratio of 6.65, compared to 1709164800 on 9083403. Therefore, it implies a Short% of Shares Outstanding of 9283916 and a Short% of Float of 9.729999.
Dividends & Splits
CRGY’s forward annual dividend rate is 0.48, up from 0.48 a year ago. Against a Trailing Annual Dividend Yield of 0.043557167
