Crescent Energy Company (CRGY)
Market Cap | 3.32B |
Revenue (ttm) | 2.71B |
Net Income (ttm) | 58.97M |
Shares Out | 228.29M |
EPS (ttm) | 0.53 |
PE Ratio | 27.50 |
Forward PE | 8.35 |
Dividend | $0.48 (3.30%) |
Ex-Dividend Date | Nov 18, 2024 |
Volume | 2,185,055 |
Open | 14.28 |
Previous Close | 14.31 |
Day's Range | 14.28 - 14.59 |
52-Week Range | 9.88 - 14.59 |
Beta | 1.11 |
Analysts | Buy |
Price Target | 15.80 (+8.52%) |
Earnings Date | Nov 4, 2024 |
About CRGY
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. The company is based in Houston, Texas. [Read more]
Financial Performance
In 2023, Crescent Energy Company's revenue was $2.38 billion, a decrease of -22.06% compared to the previous year's $3.06 billion. Earnings were $67.61 million, a decrease of -30.06%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for CRGY stock is "Buy." The 12-month stock price forecast is $15.8, which is an increase of 8.52% from the latest price.
News
Crescent Energy Company (CRGY) Q3 2024 Earnings Call Transcript
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 - CF...
Crescent Energy: Eagle Ford Or Bust
Crescent Energy's recent major acquisition and smaller acquisition signal a focus on the Eagle Ford. The latest quarterly report is clouded by acquisition-related costs, making it less useful; expect ...
Crescent Energy Reports Third Quarter 2024 Results
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”) today announced financial and operating results for the third quarter of 2024. Crescent's earnings release ...
Crescent Energy Schedules Third Quarter 2024 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) today announced plans to host a conference call and webcast at 10 a.m. CT, on Tuesday, November 5, 2024, to discuss its third quarter 202...
3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
The financial news frequently emphasizes stocks with heavy insider selling, premised on the assumption that insiders believe the stock is overpriced and that they are taking profits ahead of retail in...
Crescent Energy Co (CRGY) Stock Price Up 10.88% on Oct 2
Shares of Crescent Energy Co (CRGY, Financial) surged 10.88% in mid-day trading on Oct 2. The stock reached an intraday high of $12.49, before settling at $12.39, up from its previous close of $11.17.
Crescent Energy Set to Join S&P SmallCap 600
NEW YORK , Oct. 1, 2024 /PRNewswire/ -- Crescent Energy Co. (NYSE:CRGY) will replace Perficient Inc. (NASD:PRFT) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, October 4....
Crescent Energy Announces Pricing of $250 Million Private Placement of Additional 7.375% Senior Notes Due 2033
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today that its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) has priced its previously announc...
Crescent Energy Announces Offering of $250 Million Private Placement of Additional 7.375% Senior Notes Due 2033
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) in...
Crescent Energy Announces Complementary Central Eagle Ford Bolt-On
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”) today announced the signing of a definitive agreement to acquire assets from a private Eagle Ford operator ...
Crescent Energy: Eagle Ford Is Now 'The' Core Area
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 ...
Crescent Energy Company (CRGY) Q2 2024 Earnings Call Transcript
Crescent Energy Company (NYSE:CRGY) Q2 2024 Earnings Conference Call August 6, 2024 11:00 AM ET Company Participants Reid Gallagher - Principal, Investor Relations David Rockecharlie - Chief Executiv...
Crescent Energy Reports Second Quarter 2024 Results
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”) today announced financial and operating results for the second quarter of 2024. Crescent's earnings release...
Crescent Energy Closes Transformative Acquisition of SilverBow Resources
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) ("Crescent" or the "Company"), today announced the closing of its acquisition of SilverBow Resources, Inc. (“SilverBow”). The transaction...
Crescent Stockholders Overwhelmingly Approve Merger with SilverBow Resources
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”), today announced it received overwhelming stockholder approval for the issuance of Crescent Class A common ...
Crescent Energy and SilverBow Resources Announce Preliminary Results for Election of Form of Merger Consideration
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“Crescent”) and SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow”) jointly announced today the preliminary results of the elections ma...
Crescent Energy Schedules Second Quarter 2024 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) today announced plans to host a conference call and webcast at 10 a.m. CT, on Tuesday, August 6, 2024 to discuss its second quarter 2024 ...
Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Crescent Energy and SilverBow Resources Shareholders Vote “FOR” Proposed Merger
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”), today announced that leading independent proxy advisory firms, Institutional Shareholder Services (“ISS”) ...
Crescent Energy and SilverBow Resources Announce Election Deadline for SilverBow Resources Stockholders to Elect Form of Merger Consideration
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“Crescent”) and SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow”) jointly announced today that, in connection with Crescent's pending...
SILVERBOW RESOURCES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of SilverBow Resources, Inc. - SBOW
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of SilverBow Resour...
Crescent Energy and SilverBow Resources Announce Expiration of Hart-Scott-Rodino Act Waiting Period
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) ("Crescent" or the "Company") and SilverBow Resources, Inc. (NYSE: SBOW) ("SilverBow") today announced the expiration of the waiting peri...
Crescent Energy Among The 'Very Best' E&P Companies, Says Analyst: SilverBow Deal Offers 'Clear Synergies'
Crescent Energy Co CRGY inked an agreement to acquire SilverBow Resources Inc SBOW for $2.1 billion.
Crescent Energy Announces Pricing of $750 Million Private Placement of 7.375% Senior Notes Due 2033
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today that its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) has priced its previously announc...
Crescent Energy Announces Offering of $750 Million Private Placement of Senior Notes Due 2033
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) in...
Crescent Energy Receives Favorable Responses from All Three Rating Agencies on Its Recently Announced Agreement to Acquire SilverBow Resources
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”) today announced that S&P Global Ratings (“S&P”) and Fitch Ratings, Inc. (“Fitch”) have taken positive ratin...