Crescent Energy Co. (CRGY): A Case For Going Higher

After Hours

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Stocks Info

The company is listed on the NYSE and operates within the Oil & Gas Integrated industry segment. The current market capitalization of Crescent Energy Co. is $1.87B. A total of 4.19 million shares were traded on the day, compared to an average of 2.76M shares.

In the most recent transaction, DUGINSKI MICHAEL bought 9,000 shares of CRGY for 11.10 per share on Aug 23 ’24. After the transaction, the Director now owns 220,000 company shares. In a previous transaction on Aug 22 ’24, DUGINSKI MICHAEL bought 1,000 shares at 11.00 per share. CRGY shares that Director owns now total 211,000.

Among the insiders who bought shares, Falk Todd acquired of 1,000 shares on Aug 09 ’24 at a per-share price of $10.49. This resulted in the insider holding 6,000 shares of CRGY after the transaction. In another insider transaction, DUGINSKI MICHAEL bought 9,344 shares at $10.62 per share on Aug 08 ’24. Company shares held by the Director now total 201,081.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Crescent Energy Co. pays an annual dividend of $0.48, resulting in a dividend yield of 4.19%, and it has a price to earnings (P/E) ratio of 1286.52. CRGY’s most recent ex-dividend date was 8/19/2024 when it declared a $0.12 quarterly dividend that was paid in cash on 9/3/2024. Previously, the company paid the dividend on 6/7/2024 with an ex-dividend date of 5/20/2024. The CRGY stock dividend was $0.12 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, CRGY has a high of $14.22 and a low of $9.88.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $19.01, while its Total Shareholder’s Equity was $3.02B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 4.56.

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