Crescent Energy Company (CRGY)

NYSE: CRGY · Real-Time Price · USD
14.56
+0.25 (1.75%)
Nov 20, 2024, 4:00 PM EST - Market closed
1.75%
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]

Sector Energy
Founded 1986
Employees 904
Stock Exchange NYSE
Ticker Symbol CRGY
Full Company Profile

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 Statements

Analyst 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.

Price Target
$15.8
(8.52% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

15 days ago - Seeking Alpha

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 ...

Other symbols: F
16 days ago - Seeking Alpha

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 ...

16 days ago - Business Wire

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...

4 weeks ago - Business Wire

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...

Other symbols: MBLYRIG
4 weeks ago - Benzinga

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.

7 weeks ago - GuruFocus

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....

Other symbols: SPGI
7 weeks ago - PRNewsWire

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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 ...

2 months ago - Business Wire

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 ...

3 months ago - Seeking Alpha

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...

3 months ago - Seeking Alpha

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...

3 months ago - Business Wire

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...

4 months ago - Business Wire

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 ...

4 months ago - Business Wire

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...

4 months ago - Business Wire

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 ...

4 months ago - Business Wire

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”) ...

4 months ago - Business Wire

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...

4 months ago - Business Wire

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...

5 months ago - Business Wire

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...

5 months ago - Business Wire

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.

5 months ago - Benzinga

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...

5 months ago - Business Wire

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...

5 months ago - Business Wire

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...

6 months ago - Business Wire