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Crescent Energy Co. (CRGY) Stock Could Soon Reward Patient Investors

Crescent Energy Co. (NYSE: CRGY) is -14.23% lower on its value in year-to-date trading and has touched a low of $9.17 and a high of $14.22 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CRGY stock was last observed hovering at around $11.68 in the last trading session, with the day’s loss setting it -0.35%.

Currently trading at $11.33, the stock is 0.42% and 1.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.89 million and changing -3.00% at the moment leaves the stock -2.96% off its SMA200. CRGY registered 1.80% gain for a year compared to 6-month loss of -10.36%. The firm has a 50-day simple moving average (SMA 50) of $1.24 and a 200-day simple moving average (SMA200) of $2.53.

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The stock witnessed a -0.35% gain in the last 1 month and extending the period to 3 months gives it a -14.23%, and is -1.56% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.02% over the week and 3.45% over the month.

Crescent Energy Co. (CRGY) has around 904 employees, a market worth around $1.04B and $2.38B in sales. Current P/E ratio is 8.95 and Fwd P/E is 6.69. Profit margin for the company is 2.84%. Distance from 52-week low is 23.56% and -20.32% from its 52-week high. The company has generated returns on investments over the last 12 months (1.98%).

Crescent Energy Co. quarterly earnings per share for the current quarter are estimated at $0.21 with sales reaching $581.02M over the same period.The EPS is expected to shrink by -42.08% this year, but quarterly earnings will post 0.30% year-over-year. Quarterly sales are estimated to grow 20.60% in year-over-year returns.

Crescent Energy Co. (CRGY) Top Institutional Holders

221 institutions hold shares in Crescent Energy Co. (CRGY), with institutional investors hold 78.08% of the company’s shares. The shares outstanding are 91.61M, and float is at 81.17M with Short Float at 11.88%. Institutions hold 69.48% of the Float.

The top institutional shareholder in the company is Goff John C with over 4.68 million shares valued at $48.81 million. The investor’s holdings represent 5.39% of the CRGY Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 3.94 million shares valued at $41.01 million to account for 4.53% of the shares outstanding. The other top investors are Blackrock Inc. which holds 2.82 million shares representing 3.24% and valued at over $29.36 million, while State Street Corporation holds 1.56% of the shares totaling 1.35 million with a market value of $14.11 million.

Crescent Energy Co. (CRGY) Insider Activity

The most recent transaction is an insider purchase by Kendall Brandi,the company’s. SEC filings show that Kendall Brandi bought 488 shares of the company’s common stock on Mar 15 ’24 at a price of $11.08 per share for a total of $5407.0. Following the purchase, the insider now owns 21130.0 shares.

Crescent Energy Co. disclosed in a document filed with the SEC on Mar 11 ’24 that Independence Energy Aggregator (10% Owner) sold a total of 13,800,000 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $9.87 per share for $136.21 million. Following the transaction, the insider now directly holds 0.0 shares of the CRGY stock.

Still, SEC filings show that on Mar 11 ’24, KKR Group Partnership L.P. (10% Owner) disposed off 13,800,000 shares at an average price of $9.87 for $136.21 million. The insider now directly holds 0 shares of Crescent Energy Co. (CRGY).

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