Crescent Energy (NYSE:CRGY) Price Target Raised to $16.00

Crescent Energy (NYSE:CRGY) had its price objective upped by research analysts at Mizuho from $15.00 to $16.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s price target points to a potential upside of 41.49% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Weiss Ratings downgraded Crescent Energy from a “hold (c)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Wells Fargo & Company increased their target price on Crescent Energy from $14.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Zacks Research downgraded shares of Crescent Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Wall Street Zen cut shares of Crescent Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $19.00 target price on shares of Crescent Energy in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.75.

Crescent Energy Trading Down 1.1%

CRGY stock traded down $0.12 during midday trading on Tuesday, hitting $11.31. The stock had a trading volume of 5,141,535 shares, compared to its average volume of 7,191,386. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.12. The firm has a market cap of $3.73 billion, a P/E ratio of -15.07 and a beta of 1.41. The business has a fifty day moving average price of $10.77 and a two-hundred day moving average price of $11.33. Crescent Energy has a 1-year low of $7.68 and a 1-year high of $14.29.

Crescent Energy (NYSE:CRGY) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.59 by $0.10. Crescent Energy had a negative net margin of 7.47% and a positive return on equity of 8.10%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.26 billion. The company’s revenue for the quarter was up 55.3% on a year-over-year basis. On average, sell-side analysts predict that Crescent Energy will post 1.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Crescent Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in CRGY. Royal Bank of Canada increased its position in Crescent Energy by 16.1% during the 1st quarter. Royal Bank of Canada now owns 58,900 shares of the company’s stock valued at $662,000 after purchasing an additional 8,173 shares during the period. AQR Capital Management LLC lifted its stake in shares of Crescent Energy by 8.9% in the 1st quarter. AQR Capital Management LLC now owns 17,104 shares of the company’s stock valued at $192,000 after purchasing an additional 1,397 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Crescent Energy by 6.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 98,670 shares of the company’s stock worth $1,109,000 after purchasing an additional 6,184 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Crescent Energy by 42.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,969,411 shares of the company’s stock valued at $44,616,000 after buying an additional 1,174,576 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Crescent Energy by 32.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 244,456 shares of the company’s stock worth $2,748,000 after buying an additional 59,199 shares during the period. 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: Quarterly earnings and revenue exceeded expectations. Crescent reported adjusted earnings of $0.69 per share, above the $0.59 consensus and up from $0.43 a year earlier. Revenue rose 55.3% year over year to $1.39 billion, surpassing the $1.26 billion estimate. Crescent Energy Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management raised guidance and highlighted record operations. The company also said it strengthened its balance sheet, which could improve investor confidence in future cash flow and debt management. Crescent Energy Boosts Guidance and Strengthens Balance Sheet
• Positive Sentiment: Stephens raised its price target to $18 from $17 and maintained an Overweight rating. The new target implies substantial potential upside from recent trading levels, signaling continued analyst optimism following the earnings report. Benzinga Analyst Update
• Positive Sentiment: Crescent declared a quarterly dividend of $0.12 per share. The payment equates to approximately $0.48 annually and a yield near 4.2%, adding income appeal for shareholders. The ex-dividend date is August 17, with payment scheduled for August 31.
• Neutral Sentiment: Investors may remain cautious despite the beats. Crescent continues to report a negative net margin, while its current ratio of 0.57 and debt-to-equity ratio of 1.12 indicate liquidity and leverage considerations that could temper the impact of its improved guidance.

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.