Crescent Energy (NYSE:CRGY) Now Covered by Siebert Williams Shank

Siebert Williams Shank assumed coverage on shares of Crescent Energy (NYSE:CRGY) in a report published on Monday, Marketbeat.com reports. The brokerage issued a buy rating on the stock.

Several other equities analysts also recently weighed in on the stock. Raymond James raised their price target on shares of Crescent Energy from $22.00 to $23.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. Pickering Energy Partners began coverage on shares of Crescent Energy in a research note on Monday, October 28th. They issued an “outperform” rating on the stock. Wells Fargo & Company dropped their price target on Crescent Energy from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Mizuho lifted their price objective on Crescent Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Finally, Stephens upped their target price on Crescent Energy from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $17.50.

Crescent Energy Stock Down 0.3 %

CRGY stock opened at $15.02 on Monday. Crescent Energy has a 52 week low of $9.88 and a 52 week high of $16.94. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.12. The firm has a 50-day simple moving average of $15.03 and a 200-day simple moving average of $13.11. The stock has a market capitalization of $3.43 billion, a P/E ratio of 24.22 and a beta of 2.16.

Crescent Energy (NYSE:CRGY) last announced its earnings results on Monday, November 4th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.11. The business had revenue of $744.87 million during the quarter, compared to analysts’ expectations of $793.88 million. Crescent Energy had a return on equity of 12.53% and a net margin of 2.17%. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Equities analysts forecast that Crescent Energy will post 0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Crescent Energy

A number of institutional investors have recently made changes to their positions in CRGY. Farther Finance Advisors LLC boosted its position in shares of Crescent Energy by 15,675.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,155 shares of the company’s stock worth $35,000 after purchasing an additional 3,135 shares during the period. Amalgamated Bank lifted its stake in Crescent Energy by 86.4% during the third quarter. Amalgamated Bank now owns 4,903 shares of the company’s stock worth $54,000 after purchasing an additional 2,272 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Crescent Energy by 48.3% during the fourth quarter. GAMMA Investing LLC now owns 4,978 shares of the company’s stock worth $73,000 after buying an additional 1,621 shares during the period. Toth Financial Advisory Corp acquired a new stake in shares of Crescent Energy in the fourth quarter valued at $131,000. Finally, Zacks Investment Management purchased a new stake in shares of Crescent Energy in the 3rd quarter valued at $121,000. 52.11% of the stock is currently owned by institutional investors and hedge funds.

Crescent Energy Company Profile

Crescent Energy Company acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. Its portfolio of assets comprises mid-cycle unconventional and conventional assets in the Eagle Ford and Uinta Basins. It also owns and operates various midstream assets, which provide services to customers.