Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Crescent Energy Company Market Cap
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 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.
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 |
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
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
Revenue From 2021
Revenue From 2022
Revenue From 2023
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.
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.
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.
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.
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.
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.
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