In the past week, CRGY stock has gone up by 3.29%, with a monthly gain of 10.58% and a quarterly surge of 19.07%. The volatility ratio for the week is 2.95%, and the volatility levels for the last 30 days are 2.89% for Crescent Energy Co The simple moving average for the last 20 days is 7.78% for CRGY stock, with a simple moving average of 18.13% for the last 200 days.
Is It Worth Investing in Crescent Energy Co (NYSE: CRGY) Right Now?
Crescent Energy Co (NYSE: CRGY) has a price-to-earnings ratio that is above its average at 22.52x. The stock has a 36-month beta value of 1.14. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 4 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for CRGY is 151.85M, and at present, short sellers hold a 11.68% of that float. On November 14, 2024, the average trading volume of CRGY was 3.08M shares.
CRGY) stock’s latest price update
Crescent Energy Co (NYSE: CRGY)’s stock price has decreased by -0.65 compared to its previous closing price of 13.89. However, the company has seen a 3.29% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-05 that Crescent Energy Company (NYSE:CRGY ) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Reid Gallagher – Investor Relations David Rockecharlie – CEO Brandi Kendall – CFO Clay Rynd – EVP of Investments Conference Call Participants Neal Dingmann – Truist Securities Tim Rezvan – KeyBanc Capital Oliver Huang – TPH & Company Michael Scialla – Stephens John Freeman – Raymond James Arun Jayaram – J.P. Morgan John Abbott – Wolfe Research Michael Furrow – Pickering Energy Operator Greetings, and welcome to the Crescent Energy Third Quarter 2024 Conference Call.
Analysts’ Opinion of CRGY
Evercore ISI, on the other hand, stated in their research note that they expect to see CRGY reach a price target of $17. The rating they have provided for CRGY stocks is “Outperform” according to the report published on September 24th, 2024.
JP Morgan gave a rating of “Neutral” to CRGY, setting the target price at $12 in the report published on September 18th of the current year.
CRGY Trading at 13.78% 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 -2.68% of loss for the given period.
Volatility was left at 2.89%, however, over the last 30 days, the volatility rate increased by 2.95%, as shares surge +10.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.77% upper at present.
During the last 5 trading sessions, CRGY rose by +3.29%, which changed the moving average for the period of 200-days by +19.07% in comparison to the 20-day moving average, which settled at $12.80. In addition, Crescent Energy Co saw 4.47% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CRGY starting from Shi Bo, who purchase 950 shares at the price of $11.13 back on Sep 05 ’24. After this action, Shi Bo now owns 45,811 shares of Crescent Energy Co, valued at $10,574 using the latest closing price.
Falk Todd, the of Crescent Energy Co, purchase 1,000 shares at $11.24 during a trade that took place back on Sep 05 ’24, which means that Falk Todd is holding 7,000 shares at $11,240 based on the most recent closing price.
Stock Fundamentals for CRGY
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.5 for the gross margin
The net margin for Crescent Energy Co stands at 0.02. The total capital return value is set at 0.02. Equity return is now at value 2.64, with 0.73 for asset returns.
Based on Crescent Energy Co (CRGY), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 1.19. The interest coverage ratio of the stock is 2.94.
Currently, EBITDA for the company is 1.17 billion with net debt to EBITDA at 2.51. When we switch over and look at the enterprise to sales, we see a ratio of 2.29. The receivables turnover for the company is 5.33for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.
Conclusion
To sum up, Crescent Energy Co (CRGY) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
