Better Times Ahead For Crescent Energy Co. (NYSE: CRGY)?

Crescent Energy Co. (CRGY) concluded trading on Thursday at a closing price of $12.14, with 2.69 million shares of worth about $32.63 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.10% during that period and on July 18, 2024 the price saw a loss of about -1.38%. Currently the company’s common shares owned by public are about 111.52M shares, out of which, 101.28M shares are available for trading.

Stock saw a price change of -1.14% in past 5 days and over the past one month there was a price change of 1.93%. Year-to-date (YTD), CRGY shares are showing a performance of -8.10% which increased to 6.77% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.11 but also hit the highest price of $14.22 during that period. The average intraday trading volume for Crescent Energy Co. shares is 2.31 million.

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Crescent Energy Co. (NYSE: CRGY) currently have 111.52M outstanding shares and institutions hold larger chunk of about 67.86% of that.

The stock has a current market capitalization of $1.35B and its 3Y-monthly beta is at 1.16. It has posted earnings per share of -$0.22 in the same period. It has Quick Ratio of 0.75 while making debt-to-equity ratio of 0.89. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CRGY, volatility over the week remained 1.88% while standing at 2.51% over the month.

Stock’s fiscal year EPS is expected to drop by -15.75% while it is estimated to increase by 47.24% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wolfe Research on Jul-19-24 offering an Outperform rating for the stock and assigned a target price of $16 to it. Coverage by KeyBanc Capital Markets stated Crescent Energy Co. (CRGY) stock as an Overweight in their note to investors on June 27, 2024, suggesting a price target of $16 for the stock. On April 10, 2024, Tudor Pickering Holt & Co. Initiated their recommendations, while on January 03, 2024, Mizuho Downgrade their ratings for the stock with a price target of $14. Stock get a Strong buy rating from Raymond James on December 05, 2023.

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