Crescent Energy Co (NYSE: CRGY) is 7.57% higher on its value in year-to-date trading and has touched a low of $9.88 and a high of $15.54 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CRGY stock was last observed hovering at around $14.60 in the last trading session, with the day’s loss setting it -0.39%.
Currently trading at $14.21, the stock is -2.98% and 4.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.22 million and changing -2.67% at the moment leaves the stock 17.61% off its SMA200. CRGY registered 21.45% gain for a year compared to 6-month gain of 19.31%. The firm has a 50-day simple moving average (SMA 50) of $13.5982 and a 200-day simple moving average (SMA200) of $12.0679.
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The stock witnessed a 1.57% loss in the last 1 month and extending the period to 3 months gives it a 29.30%, and is -1.32% 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 2.82% over the week and 3.27% over the month.
Crescent Energy Co (CRGY) has around 904 employees, a market worth around $3.60B and $2.71B in sales. Current P/E ratio is 23.19 and Fwd P/E is 7.06. Profit margin for the company is 2.17%. Distance from 52-week low is 43.83% and -8.56% from its 52-week high. The company has generated returns on investments over the last 12 months (0.97%).
with sales reaching $893.92M over the same period.The EPS is expected to shrink by -22.87% this year, but quarterly earnings will post 23.27% year-over-year. Quarterly sales are estimated to grow 35.91% in year-over-year returns.
Crescent Energy Co (CRGY) Top Institutional Holders
317.0 institutions hold shares in Crescent Energy Co (CRGY), with institutional investors hold 79.61% of the company’s shares. The shares outstanding are 162.39M, and float is at 151.78M with Short Float at 10.53%. Institutions hold 75.16% 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).
