Taking On Challenges And Growing? – Crescent Energy Co. (CRGY)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Crescent Energy Announces Expiration and Results of Its Tender Offer for Its 7.250% Senior Notes Due 2026.

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Stocks Info

This NYSE-listed company operates within the Oil & Gas E&P industry segment, falling under the Energy sector. The current market capitalization of Crescent Energy Co. is $1.07B. A total of 1.74 million shares were traded on the day, compared to an average of 1.19M 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

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Crescent Energy Co. pays an annual dividend of $0.48, resulting in a dividend yield of 4.11%, and it has a price to earnings (P/E) ratio of 9.23. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. 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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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.

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