Crescent Energy Co. (NYSE: CRGY) is -15.44% lower on its value in year-to-date trading and has touched a low of $9.88 and a high of $13.85 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 $10.95 in the last trading session, with the day’s gains setting it 0.22%.
Currently trading at $11.17, the stock is 1.77% and -0.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.71 million and changing 2.01% at the moment leaves the stock -3.33% off its SMA200. CRGY registered -11.63% loss for a year compared to 6-month gain of -1.41%. The firm has a 50-day simple moving average (SMA 50) of $11.194 and a 200-day simple moving average (SMA200) of $11.5553.
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The stock witnessed a -6.37% loss in the last 1 month and extending the period to 3 months gives it a -7.23%, and is -4.37% 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 3.41% over the week and 3.56% over the month.
Crescent Energy Co. (CRGY) has around 904 employees, a market worth around $1.82B and $2.61B in sales. Current P/E ratio is 1255.06 and Fwd P/E is 9.11. Profit margin for the company is 0.61%. Distance from 52-week low is 13.06% and -19.35% from its 52-week high. The company has generated returns on investments over the last 12 months (0.35%).
with sales reaching $819.28M over the same period.The EPS is expected to shrink by -35.42% this year, but quarterly earnings will post 26.40% year-over-year. Quarterly sales are estimated to grow 27.50% in year-over-year returns.
Crescent Energy Co. (CRGY) Top Institutional Holders
290.0 institutions hold shares in Crescent Energy Co. (CRGY), with institutional investors hold 66.82% of the company’s shares. The shares outstanding are 163.12M, and float is at 152.57M with Short Float at 8.68%. Institutions hold 62.55% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.76 million shares valued at $139.35 million. The investor’s holdings represent 10.5448% of the CRGY Shares outstanding. As of 2024-06-30, the second largest holder is AMERICAN CENTURY COMPANIES INC with 7.78 million shares valued at $92.14 million to account for 6.9729 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 7.64 million shares representing 6.8523% and valued at over $90.55 million, while STATE STREET CORP holds 3.4053 of the shares totaling 3.8 million with a market value of $45.0 million.
Crescent Energy Co. (CRGY) Insider Activity
The most recent transaction is an insider purchase by Shi Bo. SEC filings show that Shi Bo bought 950 shares of the company’s common stock on Sep 05 ’24 at a price of $11.13 per share for a total of $10574.0. Following the purchase, the insider now owns 45811.0 shares.
Crescent Energy Co. disclosed in a document filed with the SEC on Sep 05 ’24 that Falk Todd () bought a total of 1,000 shares of the company’s common stock. The trade occurred on Sep 05 ’24 and was made at $11.24 per share for $11240.0. Following the transaction, the insider now directly holds 7000.0 shares of the CRGY stock.
Still, SEC filings show that on Sep 05 ’24, Rockecharlie David C. () acquired 10,000 shares at an average price of $11.07 for $0.11 million. The insider now directly holds 110,000 shares of Crescent Energy Co. (CRGY).
