Crescent Energy Company (NYSE:CRGY) Receives $13.13 Consensus Target Price from Brokerages

Shares of Crescent Energy Company (NYSE:CRGY) have earned an average rating of “Moderate Buy” from the twelve ratings firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $13.7778.

CRGY has been the subject of several research analyst reports. Zacks Research raised shares of Crescent Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Evercore assumed coverage on Crescent Energy in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $13.00 target price for the company. Piper Sandler upped their price target on Crescent Energy from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Weiss Ratings upgraded Crescent Energy from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, February 27th. Finally, William Blair reissued an “outperform” rating on shares of Crescent Energy in a research report on Friday, March 6th.

Institutional Investors Weigh In On Crescent Energy

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Crescent Energy by 34.6% in the 4th quarter. Vanguard Group Inc. now owns 27,292,081 shares of the company’s stock valued at $228,981,000 after buying an additional 7,015,982 shares during the last quarter. American Century Companies Inc. boosted its holdings in Crescent Energy by 8.0% during the 3rd quarter. American Century Companies Inc. now owns 19,363,386 shares of the company’s stock worth $172,721,000 after acquiring an additional 1,434,789 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Crescent Energy by 20.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 12,872,215 shares of the company’s stock worth $107,999,000 after acquiring an additional 2,213,352 shares in the last quarter. State Street Corp grew its stake in shares of Crescent Energy by 27.6% in the 4th quarter. State Street Corp now owns 12,808,605 shares of the company’s stock worth $107,464,000 after acquiring an additional 2,767,096 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Crescent Energy by 29.0% in the fourth quarter. Geode Capital Management LLC now owns 5,592,793 shares of the company’s stock valued at $46,935,000 after purchasing an additional 1,256,114 shares during the last quarter. Institutional investors own 52.11% of the company’s stock.

Crescent Energy News Roundup

Here are the key news stories impacting Crescent Energy this week:

• Positive Sentiment: JPMorgan upgraded CRGY from “neutral” to “overweight” and set a $19.00 price target (roughly +50% upside vs recent levels), which is a major catalyst for buying interest. Read More. Read More.
• Positive Sentiment: Unusual options activity: traders bought 4,578 call options (up 128% vs average daily call volume), signaling speculative or hedged bullish bets that can amplify upside momentum in the underlying shares.
• Positive Sentiment: Broker optimism: Wells Fargo publicly forecasted strong price appreciation for CRGY, and brokerages collectively show a consensus “Moderate Buy,” adding institutional credibility to the rally. Read More. Read More.
• Positive Sentiment: Technical/market action: reports note CRGY hit a new 52-week high after the analyst upgrade, which can attract momentum and ETF/quant flows that buy stocks breaking to new highs. Read More.
• Neutral Sentiment: Capital-structure item: a recent ESOP shelf filing has drawn attention — this could be part of employee-compensation planning or a mechanism to issue equity in the future. Impact depends on whether shares are issued (possible dilution) or used minimally; for now it’s informational. Read More.

Crescent Energy Price Performance

Crescent Energy stock opened at $12.66 on Thursday. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 24.34 and a beta of 1.57. Crescent Energy has a 52-week low of $6.83 and a 52-week high of $12.94. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.48 and a current ratio of 1.48. The stock’s 50 day moving average price is $10.31 and its two-hundred day moving average price is $9.30.

Crescent Energy (NYSE:CRGY) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.19. Crescent Energy had a net margin of 3.71% and a return on equity of 8.36%. The company had revenue of $865.05 million during the quarter, compared to analyst estimates of $884.64 million. On average, equities analysts predict that Crescent Energy will post 0.77 earnings per share for the current year.

Crescent Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Wednesday, March 11th. Crescent Energy’s dividend payout ratio (DPR) is currently 92.31%.

About Crescent Energy

Crescent Energy Co (NYSE: CRGY) is an independent exploration and production company focused on the acquisition, development and production of oil and natural gas resources in North America. Headquartered in Oklahoma City, the company’s core business activities include the identification and appraisal of prospective acreage, the design and execution of drilling and completion programs, and the ongoing operation and optimization of producing wells. Crescent Energy’s integrated approach emphasizes capital efficiency, reservoir quality and operational reliability to support sustainable cash flow generation over the commodity cycle.

Crescent Energy’s operations are concentrated in the Permian Basin, with a particular focus on the Delaware Basin’s stacked pay intervals.