Crescent Energy (NYSE:CRGY – Get Free Report) will issue its quarterly earnings data after the market closes on Monday, August 5th. Analysts expect Crescent Energy to post earnings of $0.30 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Crescent Energy (NYSE:CRGY – Get Free Report) last announced its earnings results on Monday, May 6th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.18 by $0.28. Crescent Energy had a negative net margin of 0.67% and a positive return on equity of 12.90%. The firm had revenue of $657.47 million for the quarter, compared to the consensus estimate of $579.44 million. On average, analysts expect Crescent Energy to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Crescent Energy Stock Down 9.4 %
Crescent Energy stock opened at $10.81 on Friday. The company has a 50 day moving average of $12.10 and a 200-day moving average of $11.59. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.88. Crescent Energy has a twelve month low of $10.11 and a twelve month high of $14.22. The stock has a market capitalization of $1.92 billion, a PE ratio of -54.05 and a beta of 2.32.
Crescent Energy Dividend Announcement
Wall Street Analyst Weigh In
CRGY has been the subject of several research reports. Wolfe Research initiated coverage on shares of Crescent Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $16.00 price objective for the company. KeyCorp initiated coverage on shares of Crescent Energy in a research report on Thursday, June 27th. They set an “overweight” rating and a $16.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of Crescent Energy from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Mizuho increased their price objective on shares of Crescent Energy from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, Truist Financial reduced their target price on shares of Crescent Energy from $20.00 to $19.00 and set a “buy” rating for the company in a report on Monday, July 22nd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $16.40.
Read Our Latest Analysis on Crescent Energy
About Crescent Energy
Crescent Energy Company acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. Its portfolio of assets comprises mid-cycle unconventional and conventional assets in the Eagle Ford and Uinta Basins. It also owns and operates various midstream assets, which provide services to customers.
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