Crescent Energy Co. (NYSE: CRGY) has a higher price-to-earnings ratio of 1286.52x compared to its average ratio, The 36-month beta value for CRGY is at 1.15. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for CRGY is 147.73M, and currently, shorts hold a 9.65% of that float. The average trading volume for CRGY on August 27, 2024 was 2.80M shares.
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CRGY) stock’s latest price update
Crescent Energy Co. (NYSE: CRGY) has seen a decline in its stock price by 0.00 in relation to its previous close of 11.45. However, the company has experienced a 5.34% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-06 that The acquisition strategy continues with the closing of the SilverBow acquisition. Crescent Energy focusing on Eagle Ford as a core area. The Eagle Ford has in the past outperformed the Permian due to a lack of Permian takeaway capacity that led to pricing discounts and high transportation costs.
CRGY’s Market Performance
Crescent Energy Co. (CRGY) has experienced a 5.34% rise in stock performance for the past week, with a -2.72% drop in the past month, and a -8.18% drop in the past quarter. The volatility ratio for the week is 2.19%, and the volatility levels for the past 30 days are at 3.52% for CRGY. The simple moving average for the past 20 days is 3.34% for CRGY’s stock, with a -1.04% simple moving average for the past 200 days.
Analysts’ Opinion of CRGY
Many brokerage firms have already submitted their reports for CRGY stocks, with Wells Fargo repeating the rating for CRGY by listing it as a “Overweight.” The predicted price for CRGY in the upcoming period, according to Wells Fargo is $20 based on the research report published on August 08, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see CRGY reach a price target of $16. The rating they have provided for CRGY stocks is “Outperform” according to the report published on July 18th, 2024.
KeyBanc Capital Markets gave a rating of “Overweight” to CRGY, setting the target price at $16 in the report published on June 27th of the current year.
CRGY Trading at -1.78% 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 -19.48% of loss for the given period.
Volatility was left at 3.52%, however, over the last 30 days, the volatility rate increased by 2.19%, as shares sank -3.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.74% lower at present.
During the last 5 trading sessions, CRGY rose by +5.38%, which changed the moving average for the period of 200-days by +7.96% in comparison to the 20-day moving average, which settled at $11.06. In addition, Crescent Energy Co. saw -13.32% 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 DUGINSKI MICHAEL, who purchase 9,000 shares at the price of $11.10 back on Aug 23 ’24. After this action, DUGINSKI MICHAEL now owns 220,000 shares of Crescent Energy Co., valued at $99,900 using the latest closing price.
DUGINSKI MICHAEL, the Director of Crescent Energy Co., purchase 1,000 shares at $11.00 during a trade that took place back on Aug 22 ’24, which means that DUGINSKI MICHAEL is holding 211,000 shares at $11,000 based on the most recent closing price.
Stock Fundamentals for CRGY
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.66 for the gross margin
The net margin for Crescent Energy Co. stands at 0.01. The total capital return value is set at 0.05. Equity return is now at value 0.90, with 0.24 for asset returns.
Based on Crescent Energy Co. (CRGY), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.41. The debt to equity ratio resting at 1.14. The interest coverage ratio of the stock is 4.02.
Currently, EBITDA for the company is 1.16 billion with net debt to EBITDA at 1.3. When we switch over and look at the enterprise to sales, we see a ratio of 1.63. The receivables turnover for the company is 5.43for 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 1.87.
Conclusion
In conclusion, Crescent Energy Co. (CRGY) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
