In yesterday’s Wall Street session, Crescent Energy Co. (NYSE:CRGY) shares traded at $11.64, down -4.98% from the previous session.
CRGY stock price is now 2.48% away from the 50-day moving average and -1.25% away from the 200-day moving average. The market capitalization of the company currently stands at $1.30B.
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With the price target of $18, Tudor Pickering Holt & Co. recently initiated with Buy rating for Crescent Energy Co. (NYSE: CRGY). On January 03, 2024, Mizuho Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $18 to quote $14, while ‘Raymond James’ rates the stock as ‘Strong Buy’
In other news, KKR Group Partnership L.P., 10% Owner sold 6,000,000 shares of the company’s stock on Apr 01 ’24. The stock was sold for $64,440,000 at an average price of $10.74. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’24, 10% Owner Independence Energy Aggregator sold 6,000,000 shares of the business’s stock. A total of $64,440,000 was realized by selling the stock at an average price of $10.74. A total of 11.17% of the company’s stock is owned by insiders.
During the past 12 months, Crescent Energy Co. has had a low of $9.17 and a high of $14.22. As of last week, the company has a debt-to-equity ratio of 0.89, a current ratio of 0.75, and a quick ratio of 0.75.
According to the Oil & Gas E&P Company, earnings per share came in at 1.24, beating analysts’ expectations of 0.25 by 0.99. This compares to $1.53 EPS in the same period last year. The net profit margin was -0.67% and return on equity was -1.14% for CRGY. The company reported revenue of $657.47 million for the quarter, compared to $590.14 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.41 percent. For the current quarter, analysts expect CRGY to generate $657.47M in revenue.
