Crescent Energy Co. (NYSE:CRGY) shares traded -0.08% lower at $12.11 on Wall Street last session.
CRGY stock price is now -0.39% away from the 50-day moving average and 3.91% away from the 200-day moving average. The market capitalization of the company currently stands at $1.35B.
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On June 27, 2024, KeyBanc Capital Markets recently initiated its ‘Overweight’ rating on the stock quoting a target price of $16, while ‘Tudor Pickering Holt & Co.’ rates the stock as ‘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 9.18% of the company’s stock is owned by insiders.
During the past 12 months, Crescent Energy Co. has had a low of $10.11 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. The fifty day moving average price for CRGY is $12.157 and a two-hundred day moving average price translates $11.66125 for the stock.
The latest earnings results from Crescent Energy Co. (NYSE: CRGY) was released for 2024-03-31. 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.
