12 Month Price Forecast For CRGY
Distance to CRGY Price Forecasts
CRGY Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: December 13, 2024 10:28 AM UTC
CRGY Analyst Ratings & Price Targets
Based on our analysis of 14 Wall Street analysts, CRGY has a consensus that is bullish. The median price target is $16.00, with forecasts ranging from $14.00 to $20.00. Currently, there are 8 Buy ratings, 2 Hold ratings, and 0 Sell ratings.
With CRGY currently trading at $14.76, the median price forecast suggests a 8.4% upside. The most optimistic forecast comes from John Freeman at Raymond James, projecting a 35.5% upside, while William Janela at Mizuho provides the most conservative target, suggesting a -5.1% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
CRGY Analyst Consensus
CRGY Price Target Range
Latest CRGY Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for CRGY.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Nov 21, 2024 | Raymond James | John Freeman | Strong Buy | Maintains | $20.00 |
| Nov 5, 2024 | Mizuho | William Janela | Neutral | Maintains | $14.00 |
| Oct 28, 2024 | Stephens & Co. | Mike Scialla | Overweight | Maintains | $16.00 |
| Oct 28, 2024 | Pickering Energy Partners | Michael Furrow | Outperform | Initiates | $0.00 |
| Oct 21, 2024 | Wells Fargo | Roger Read | Overweight | Maintains | $19.00 |
| Oct 1, 2024 | Wells Fargo | Hanwen Chang | Overweight | Maintains | $20.00 |
| Sep 30, 2024 | Truist Securities | Neal Dingmann | Buy | Maintains | $15.00 |
| Sep 24, 2024 | Evercore ISI Group | Stephen Richardson | Outperform | Reinstates | $17.00 |
| Sep 18, 2024 | JP Morgan | Arun Jayaram | Neutral | Initiates | $12.00 |
| Sep 16, 2024 | Mizuho | William Janela | Neutral | Maintains | $13.00 |
| Sep 5, 2024 | Wells Fargo | Hanwen Chang | Overweight | Maintains | $21.00 |
| Aug 6, 2024 | Stephens & Co. | Mike Scialla | Overweight | Reiterates | $20.00 |
| Jul 22, 2024 | Truist Securities | Neal Dingmann | Buy | Maintains | $19.00 |
| Jul 18, 2024 | Wolfe Research | John Abbott | Outperform | Reinstates | $0.00 |
| Jun 27, 2024 | Keybanc | Tim Rezvan | Overweight | Initiates | $16.00 |
| May 23, 2024 | Truist Securities | Neal Dingmann | Buy | Maintains | $20.00 |
| May 13, 2024 | Mizuho | William Janela | Neutral | Maintains | $14.00 |
| Apr 22, 2024 | Wells Fargo | Roger Read | Overweight | Maintains | $20.00 |
| Apr 5, 2024 | Truist Securities | Neal Dingmann | Buy | Maintains | $19.00 |
| Mar 22, 2024 | Mizuho | William Janela | Neutral | Reiterates | $13.00 |
Crescent Energy Company (CRGY) Financial Data
Crescent Energy Company has a market capitalization of $3.46B with a P/E ratio of 68.8x. The company generates $2.71B in trailing twelve-month revenue with a 2.2% profit margin.
Revenue growth is +16.0% quarter-over-quarter, while maintaining an operating margin of +19.1% and return on equity of +4.5%.
Valuation Metrics
Growth & Margins
Financial Health
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Crescent Energy Company (CRGY) Company Overview
About Crescent Energy Company
Energy company focused on U.S. operations.
Crescent Energy Company generates revenue through the exploration and production of oil and natural gas in key regions such as Texas and the Rockies. The company actively develops resources in the Eagle Ford and Uinta basins while managing conventional assets in Wyoming, which allows it to capitalize on diverse energy markets.
Headquartered in Houston, Texas, Crescent Energy is strategically positioned to leverage significant oil and gas reserves, aiming to expand its footprint in the energy sector.
Company Information
Sector
Energy
Industry
Oil & Gas Integrated
Employees
0
CEO
Mr. David C. Rockecharlie
Country
United States
IPO Year
2021
Website
www.crescentenergyco.comCrescent Energy Company (CRGY) Latest News & Analysis
Crescent Energy to Strengthen Eagle Ford Presence With New Acquisition
9 days agoCRGY's acquisition of Ridgemar Energy's assets aims to enhance its presence in the Eagle Ford Basin, potentially benefiting its operational capacity in the region.
The acquisition of Ridgemar Energy enhances CRGY's operational footprint in the Eagle Ford Basin, potentially increasing production and revenue, which can positively impact stock performance.
Crescent Energy Announces Offering of $300 Million Private Placement of Additional 7.625% Senior Notes Due 2032
9 days agoCrescent Energy Company plans to offer $300 million in 7.625% Senior Notes due 2032 in a private placement, subject to market conditions.
Crescent Energy's $300 million bond offering at 7.625% due 2032 indicates strong financing needs, potentially impacting cash flow and investment strategies in the energy sector.
Crescent Energy Announces Pricing of Upsized $400 Million Private Placement of Additional 7.625% Senior Notes Due 2032
9 days agoCrescent Energy Company has priced a private placement of $400 million in 7.625% Senior Notes due 2032, aimed at eligible purchasers under Rule 144A and Regulation S.
Crescent Energy's $400 million bond issuance at 7.625% signals strong capital needs and potential growth, affecting liquidity and future earnings, which can impact stock valuation.
Crescent Energy to buy Ridgemar Energy's Eagle Ford basin assets for $905 mln
10 days agoCrescent Energy will acquire Ridgemar Energy's assets in the Eagle Ford basin for $905 million in a cash-and-stock deal, backed by Carnelian Energy Capital.
Crescent Energy's $905 million acquisition enhances its asset portfolio in the lucrative Eagle Ford basin, potentially increasing production and revenue, impacting stock performance and investor sentiment.
Crescent Energy Announces Accretive Central Eagle Ford Bolt-On
10 days agoCrescent Energy (NYSE: CRGY) has signed a $905 million agreement to acquire Eagle Ford assets from Ridgemar Energy, enhancing its core position in the region.
Crescent Energy's $905 million acquisition expands its footprint in the Eagle Ford, potentially enhancing production and cash flow, impacting future profitability and stock performance.
Crescent Energy Company Announces Public Offering of Class A Common Stock
10 days agoCrescent Energy Company (NYSE: CRGY) is launching an underwritten public offering of 18 million shares of Class A common stock, using proceeds as outlined in their SEC registration statement.
Crescent Energy's public offering of 18 million shares could dilute existing shares and affect stock price, while proceeds may fund growth initiatives or debt reduction, impacting future performance.
Frequently Asked Questions About CRGY Stock
What is Crescent Energy Company's (CRGY) stock forecast for 2025?
Based on our analysis of 14 Wall Street analysts, Crescent Energy Company (CRGY) has a median price target of $16.00. The highest price target is $20.00 and the lowest is $14.00.
Is CRGY stock a good investment in 2025?
According to current analyst ratings, CRGY has 8 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The stock is currently trading at $14.76. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for CRGY stock?
Wall Street analysts predict CRGY stock could reach $16.00 in the next 12 months. This represents a 8.4% increase from the current price of $14.76. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Crescent Energy Company's business model?
Crescent Energy Company generates revenue through the exploration and production of oil and natural gas in key regions such as Texas and the Rockies. The company actively develops resources in the Eagle Ford and Uinta basins while managing conventional assets in Wyoming, which allows it to capitalize on diverse energy markets.
What is the highest forecasted price for CRGY Crescent Energy Company?
The highest price target for CRGY is $20.00 from John Freeman at Raymond James, which represents a 35.5% increase from the current price of $14.76.
What is the lowest forecasted price for CRGY Crescent Energy Company?
The lowest price target for CRGY is $14.00 from William Janela at Mizuho, which represents a -5.1% decrease from the current price of $14.76.
What is the overall CRGY consensus from analysts for Crescent Energy Company?
The overall analyst consensus for CRGY is bullish. Out of 14 Wall Street analysts, 8 rate it as Buy, 2 as Hold, and 0 as Sell, with a median price target of $16.00.
How accurate are CRGY stock price projections?
Stock price projections, including those for Crescent Energy Company, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
