Crescent Energy Company

Crescent Energy Company Stock Forecast & Price Prediction

Live Crescent Energy Company Stock (CRGY) Price
$12.51

0

Ratings

  • Buy 0
  • Hold 0
  • Sell 0
Disclaimer : 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. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$12.51

P/E Ratio

29.68

Volume Traded Today

$39.2M

Dividend

$0.12

52 Week High/low

13.85/9.88

Crescent Energy Company Market Cap

$2.56B

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CRGY Summary

Based on ratings from 0 stock analysts, the Crescent Energy Company stock price is expected to increase by 27.9% in 12 months. This is calculated by using the average 12-month stock price forecast for Crescent Energy Company. The lowest target is $13 and the highest is $21. Please note analyst price targets are not guaranteed and could be missed completely.

CRGY Analyst Ratings

CRGY is a stock in Energy which has been forecasted to be worth $16 as an average. On the higher end, the forecast price is $21 USD by Neal Dingmann from Truist Securities and on the lower end CRGY is forecasted to be $13 by William Janela from Mizuho.

CRGY stock forecast by analyst

These are the latest 20 analyst ratings of CRGY.

Analyst/Firm

Rating

Price Target

Change

Date

Hanwen Chang
Wells Fargo

Overweight

$20

Maintains

Oct 1, 2024
Neal Dingmann
Truist Securities

Buy

$15

Maintains

Sep 30, 2024
Stephen Richardson
Evercore ISI Group

Outperform

$17

Reinstates

Sep 24, 2024
Arun Jayaram
JP Morgan

Neutral

$12

Initiates

Sep 18, 2024
William Janela
Mizuho

Neutral

$13

Maintains

Sep 16, 2024
Hanwen Chang
Wells Fargo

Overweight

$21

Maintains

Sep 5, 2024
Mike Scialla
Stephens & Co.

Overweight

$20

Reiterates

Aug 6, 2024
Neal Dingmann
Truist Securities

Buy

$19

Maintains

Jul 22, 2024
John Abbott
Wolfe Research

Outperform


Reinstates

Jul 18, 2024
Tim Rezvan
Keybanc

Overweight

$16

Initiates

Jun 27, 2024
Neal Dingmann
Truist Securities

Buy

$20

Maintains

May 23, 2024
William Janela
Mizuho

Neutral

$14

Maintains

May 13, 2024
Roger Read
Wells Fargo

Overweight

$20

Maintains

Apr 22, 2024
Neal Dingmann
Truist Securities

Buy

$19

Maintains

Apr 5, 2024
William Janela
Mizuho

Neutral

$13

Reiterates

Mar 22, 2024
Mike Scialla
Stephens & Co.

Overweight

$17

Reiterates

Mar 5, 2024
John Freeman
Raymond James

Strong Buy

$15

Maintains

Jan 24, 2024
Nitin Kumar
Mizuho

Neutral

$14

Downgrade

Jan 3, 2024
John Freeman
Raymond James

Strong Buy

$16

Initiates

Dec 5, 2023
Stephen Richardson
Evercore ISI Group

Outperform

$16

Initiates

Dec 1, 2023

CRGY Company Information

What They Do: Acquires and develops oil and gas reserves.

Business Model: The company generates revenue by acquiring, developing, and producing crude oil, natural gas, and natural gas liquids from its extensive portfolio of unconventional and conventional assets. Additionally, it operates midstream assets that provide essential services to customers, diversifying its income streams.

Other Information: Crescent Energy is strategically positioned in key basins such as the Eagle Ford and Uinta, which could enhance growth opportunities. Based in Houston, Texas, its operational advantages in a major energy hub may provide further competitive benefits.
CRGY
Crescent Energy Company (CRGY)

When did it IPO

2021

Staff Count

0

Country

United States

Sector/Industry

Energy/Oil & Gas Integrated

CEO

Mr. David C. Rockecharlie

Market Cap

$2.56B

Crescent Energy Company (CRGY) Financial Data

In 2023, CRGY generated $2.38B in revenue, which was a decrease of -22.06% from the previous year. This can be seen as a signal that CRGY's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$754.2M

Revenue From 2021

$1.48B

95.83 %
From Previous Year

Revenue From 2022

$3.06B

106.98 %
From Previous Year

Revenue From 2023

$2.38B

-22.06 %
From Previous Year
  • Revenue TTM $2.61B
  • Operating Margin TTM 17.2%
  • Gross profit TTM $1.89B
  • Return on assets TTM 2.2%
  • Return on equity TTM 1.3%
  • Profit Margin 0.6%
  • Book Value Per Share 19.01%
  • Market capitalisation $2.56B
  • Revenue for 2021 $1.48B
  • Revenue for 2022 $3.06B
  • Revenue for 2023 $2.38B
  • EPS this year (TTM) $-0.81

Crescent Energy Company (CRGY) Latest News

News Image

Tue, 10 Sep 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Crescent Energy (CRGY) closed at $10.37, unchanged from the previous trading day.

Why It Matters - Crescent Energy's stagnant price at $10.37 indicates market stability or indecision, potentially influencing investor confidence and future trading strategies.

News Image

Thu, 12 Sep 2024

Sentiment - POSITIVE

Source - 24/7 Wall Street

Summary - The Federal Reserve's next meeting is scheduled for one week from now.

Why It Matters - The upcoming Federal Reserve meeting could signal changes in interest rates or monetary policy, impacting market conditions and investment strategies.

News Image

Wed, 04 Sep 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Crescent Energy (NYSE: CRGY) signed a definitive agreement to acquire Eagle Ford assets for $168 million, enhancing its existing footprint in the region.

Why It Matters - Crescent Energy's acquisition enhances its position in the lucrative Eagle Ford region, potentially increasing production and revenues, which may boost investor confidence and stock performance.

News Image

Wed, 04 Sep 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Crescent Energy Company plans to offer $250 million in 7.375% Senior Notes due 2033, subject to market conditions, via a private placement under Rule 144A and Regulation S.

Why It Matters - Crescent Energy's $250 million debt offering indicates growth plans or refinancing efforts, impacting cash flow and financial stability, which can influence stock performance and investor sentiment.

News Image

Wed, 04 Sep 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Crescent Energy Company has priced a private placement of $250 million in 7.375% Senior Notes due January 15, 2033, aimed at eligible purchasers under Rule 144A and Regulation S.

Why It Matters - Crescent Energy's $250 million bond issuance at 7.375% signals confidence in future cash flows, impacting liquidity and capital structure, which can influence stock performance and investor sentiment.

News Image

Tue, 06 Aug 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Crescent Energy (NYSE:CRGY) held its Q2 2024 Earnings Conference Call on August 6, 2024, featuring key executives and analysts from several financial institutions.

Why It Matters - Crescent Energy's Q2 2024 earnings call highlights key financial performance and strategic insights, influencing investor sentiment and market positioning in the energy sector.

...

CRGY Frequently asked questions

The highest forecasted price for CRGY is $21 from Neal Dingmann at Truist Securities.

The lowest forecasted price for CRGY is $13 from William Janela from Mizuho

The CRGY analyst ratings consensus are 0 buy ratings, 0 hold ratings, and 0 sell ratings.