The price-to-earnings ratio for Crescent Energy Co. (NYSE: CRGY) is above average at 8.09x, Company’s 36-month beta value is 1.13.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CRGY is 81.37M, and currently, short sellers hold a 11.03% ratio of that floaft. The average trading volume of CRGY on May 02, 2024 was 1.44M shares.
CRGY) stock’s latest price update
Crescent Energy Co. (NYSE: CRGY) has experienced a decline in its stock price by -3.76 compared to its previous closing price of 10.64. However, the company has seen a fall of -4.92% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-29 that Crescent Energy (CRGY) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CRGY’s Market Performance
CRGY’s stock has fallen by -4.92% in the past week, with a monthly drop of -9.62% and a quarterly drop of -7.33%. The volatility ratio for the week is 3.14% while the volatility levels for the last 30 days are 3.16% for Crescent Energy Co. The simple moving average for the last 20 days is -9.42% for CRGY’s stock, with a simple moving average of -13.03% for the last 200 days.
Analysts’ Opinion of CRGY
Many brokerage firms have already submitted their reports for CRGY stocks, with Tudor Pickering Holt & Co. repeating the rating for CRGY by listing it as a “Buy.” The predicted price for CRGY in the upcoming period, according to Tudor Pickering Holt & Co. is $18 based on the research report published on April 10, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see CRGY reach a price target of $14, previously predicting the price at $18. The rating they have provided for CRGY stocks is “Neutral” according to the report published on January 03rd, 2024.
Raymond James gave a rating of “Strong Buy” to CRGY, setting the target price at $16 in the report published on December 05th of the previous year.
CRGY Trading at -9.05% from the 50-Day Moving Average
After a stumble in the market that brought CRGY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.99% of loss for the given period.
Volatility was left at 3.16%, however, over the last 30 days, the volatility rate increased by 3.14%, as shares sank -10.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.48% lower at present.
During the last 5 trading sessions, CRGY fell by -4.92%, which changed the moving average for the period of 200-days by -6.40% in comparison to the 20-day moving average, which settled at $11.24. In addition, Crescent Energy Co. saw -22.48% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CRGY starting from KKR Group Partnership L.P., who sale 6,000,000 shares at the price of $10.74 back on Apr 01 ’24. After this action, KKR Group Partnership L.P. now owns 0 shares of Crescent Energy Co., valued at $64,440,000 using the latest closing price.
Independence Energy Aggregator, the 10% Owner of Crescent Energy Co., sale 6,000,000 shares at $10.74 during a trade that took place back on Apr 01 ’24, which means that Independence Energy Aggregator is holding 0 shares at $64,440,000 based on the most recent closing price.
Stock Fundamentals for CRGY
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.79 for the gross margin
The net margin for Crescent Energy Co. stands at 0.11. The total capital return value is set at 0.05. Equity return is now at value 5.30, with 1.05 for asset returns.
Based on Crescent Energy Co. (CRGY), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.53. The debt to equity ratio resting at 1.04. The interest coverage ratio of the stock is 2.23.
Currently, EBITDA for the company is 1.16 billion with net debt to EBITDA at 1.52. When we switch over and look at the enterprise to sales, we see a ratio of 1.51. The receivables turnover for the company is 4.7for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.82.
Conclusion
In a nutshell, Crescent Energy Co. (CRGY) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
