Streetbeat News

CRGY

Crescent Energy Company

https://www.crescentenergyco.com

Industry

Oil & Gas Exploration & Production

Crescent Energy Company, an energy company, explores for, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. The company holds a portfolio of oil and natural gas assets in key proven basins, including the Eagle Ford, Rockies, Barnett, Permian, Mid-Con, and other basins in the United States. As of December 31, 2021, it had 1,528 gross undrilled locations, including 567 gross operated drilling locations; and 531.6 net million barrels of oil equivalent of proved reserves. The company was founded in 2020 and is based in Houston, Texas.

Open

15.06

Mkt cap

3.5B

Volume

2.7M

High

15.54

P/E Ratio

69.45

52-wk high

15.54

Low

15.02

Div yield

0.03

52-wk low

9.88

Crescent Energy Company (CRGY) held its Q3 2024 earnings conference call, discussing financial performance and company updates with analysts and investors.

Portfolio Pulse from

November 05, 2024 | 7:30 pm

Crescent Energy (CRGY) reported Q3 earnings of $0.39 per share, surpassing the Zacks Consensus Estimate of $0.28 and last year's $0.35 per share.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Pickering Energy Partners has initiated coverage on Crescent Energy with an Outperform rating, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 4:55 pm

Stephens & Co. analyst Mike Scialla maintains an Overweight rating on Crescent Energy (NYSE:CRGY) and raises the price target from $15 to $16.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 2:16 pm

Crescent Energy (NYSE:CRGY) has received mixed analyst ratings over the past three months, with a recent downward trend in price targets. Analysts have set a 12-month average price target of $17.12, down from a previous $19.00. The company has shown strong revenue growth but faces challenges with profitability and debt management.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 6:00 pm

Wells Fargo analyst Roger Read maintains an Overweight rating on Crescent Energy (NYSE:CRGY) but lowers the price target from $20 to $19.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 3:01 pm

Oil prices plunged over 5% as Israel assured the U.S. it would not target Iranian oil facilities, easing Middle East tensions. This led to a drop in energy stocks and a rally in airlines and cruise lines due to lower fuel costs.

Portfolio Pulse from Piero Cingari

October 15, 2024 | 2:50 pm

Energy stocks are experiencing a decline as oil prices drop following reports that Israel may target military sites in Iran, excluding oil or nuclear targets.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:52 am

Crescent Energy shares are trading higher following the announcement that the company will join the S&P SmallCap 600 index, effective October 4.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 1:55 pm

Crescent Energy will replace Perficient in the S&P SmallCap 600 index, effective before the market opens on October 4. This change may impact the stock prices of both companies as index funds adjust their holdings.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 9:17 pm

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