What Are The Chances Of Crescent Energy Co. (NYSE: CRGY) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that Crescent Energy Announces Expiration and Results of Its Tender Offer for Its 7.250% Senior Notes Due 2026.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Stocks Info

As a NYSE listed company, CRGY falls under the Energy sector while operating within the Oil & Gas E&P industry segment. The current market capitalization of Crescent Energy Co. is $1.09B. A total of 1.71 million shares were traded on the day, compared to an average of 1.17M shares.

In the most recent transaction, Kendall Brandi bought 488 shares of CRGY for 11.08 per share on Mar 15 ’24. After the transaction, the insider now owns 21,130 company shares. In a previous transaction on Mar 11 ’24, Independence Energy Aggregator sold 13,800,000 shares at 9.87 per share. CRGY shares that 10% Owner owns now total 0.

Among the insiders who sold shares, KKR Group Partnership L.P. disposed of 13,800,000 shares on Mar 11 ’24 at a per-share price of $9.87. This resulted in the 10% Owner holding 0 shares of CRGY after the transaction. In another insider transaction, Rockecharlie David C. bought 20,000 shares at $11.32 per share on Dec 06 ’23. Company shares held by the insider now total 100,000.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Crescent Energy Co. pays an annual dividend of $0.48, resulting in a dividend yield of 4.03%, and it has a price to earnings (P/E) ratio of 9.40. CRGY’s most recent ex-dividend date was 3/14/2024 when it declared a $0.12 quarterly dividend that was paid in cash on 3/28/2024. Previously, the company paid the dividend on 12/4/2023 with an ex-dividend date of 11/17/2023. The CRGY stock dividend was $0.12 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, CRGY has a high of $14.22 and a low of $9.17.

As of this writing, CRGY has an earnings estimate of $0.21 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.48 per share and a lower estimate of $0.08. The company reported an EPS of -$0.67 in the last quarter, which was -348.10% lower than expectations of $0.27.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. CRGY’s latest balance sheet shows that the firm has $128.58M in Cash & Short Term Investments as of fiscal 2021. There were $1.09B in debt and $616.12M in liabilities at the time. Its Book Value Per Share was $18.61, while its Total Shareholder’s Equity was $3.02B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CRGY is Buy with a score of 4.13.

Most Popular

Related Posts