Crescent Energy’s (CRGY) “Overweight” Rating Reiterated at Stephens

Crescent Energy (NYSE:CRGY)‘s stock had its “overweight” rating reaffirmed by equities researchers at Stephens in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $18.00 target price on the stock. Stephens’ target price points to a potential upside of 29.17% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. KeyCorp boosted their price target on shares of Crescent Energy from $15.00 to $19.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. JPMorgan Chase & Co. upgraded shares of Crescent Energy from a “neutral” rating to an “overweight” rating and set a $19.00 price target on the stock in a research note on Friday, March 20th. Weiss Ratings upgraded shares of Crescent Energy from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, February 27th. Wall Street Zen lowered shares of Crescent Energy from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Research upgraded shares of Crescent Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.73.

Crescent Energy Stock Up 1.6%

Shares of Crescent Energy stock traded up $0.23 during trading on Tuesday, hitting $13.94. 2,017,296 shares of the stock were exchanged, compared to its average volume of 7,604,007. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 26.73 and a beta of 1.44. The firm’s 50-day moving average price is $12.37 and its 200 day moving average price is $10.14. Crescent Energy has a 12-month low of $7.68 and a 12-month high of $14.29. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.48 and a quick ratio of 1.48.

Crescent Energy (NYSE:CRGY) last released its quarterly earnings data on Monday, May 4th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.14. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Crescent Energy had a net margin of 3.71% and a return on equity of 8.36%. The company’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 EPS. As a group, analysts forecast that Crescent Energy will post 1.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Crescent Energy

Hedge funds have recently made changes to their positions in the stock. Strs Ohio acquired a new position in shares of Crescent Energy in the 1st quarter valued at $32,000. Caitlin John LLC purchased a new position in shares of Crescent Energy in the 3rd quarter valued at $27,000. Nisa Investment Advisors LLC raised its stake in shares of Crescent Energy by 50.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,714 shares of the company’s stock valued at $33,000 after acquiring an additional 1,241 shares during the period. Fifth Third Bancorp raised its stake in shares of Crescent Energy by 109.3% in the 4th quarter. Fifth Third Bancorp now owns 3,905 shares of the company’s stock valued at $33,000 after acquiring an additional 2,039 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Crescent Energy by 134.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,986 shares of the company’s stock valued at $33,000 after acquiring an additional 2,286 shares during the period. Institutional investors and hedge funds own 52.11% of the company’s stock.

Key Crescent Energy News

Here are the key news stories impacting Crescent Energy this week:

• Positive Sentiment: Q1 results beat Wall Street: Crescent reported $0.53 EPS vs. $0.39 consensus and $1.18B revenue vs. $1.15B expected; revenue rose ~24.5% year?over?year—this combination of a top?line beat and EPS beat is the primary near?term catalyst. Press Release
• Positive Sentiment: Dividend declared: Crescent announced a $0.12 quarterly dividend (record May 18; payable June 1) representing about a 3.5% yield — supports income investor demand and signals free?cash?flow confidence.
• Positive Sentiment: Analyst sentiment and price?target upside: Zacks highlights a consensus analyst upside (~26.3% median potential) and upgraded estimate momentum, which can drive bullish flows from momentum/value investors. Analyst Upside Article
• Positive Sentiment: Zacks Rank #1 listings: CRGY was named to Zacks’ top value and income stock lists (Strong Buy), which can attract retail and ETF flows keyed to Zacks rankings. Value Stock List Income Stock List
• Positive Sentiment: Notable investor activity: Bill Miller’s firm added CRGY to its holdings, a signal that can attract other value?oriented investors. Bill Miller Purchase Article
• Neutral Sentiment: Mixed fundamentals: while Crescent beat estimates, quarterly EPS of $0.53 was slightly below last year’s $0.57 and the company’s net margin (?3.7%) and ROE (~8.4%) remain modest—items investors may watch for sustainability. Key Metrics Article
• Neutral Sentiment: Multiple recap pieces and an earnings transcript are available for investors wanting detail (operational outlook, capital allocation, slide deck). Use these to assess whether beats are repeatable and how management will allocate free cash flow. Yahoo Coverage

Crescent Energy Company Profile

Crescent Energy Co (NYSE: CRGY) is an independent exploration and production company focused on the acquisition, development and production of oil and natural gas resources in North America. Headquartered in Oklahoma City, the company’s core business activities include the identification and appraisal of prospective acreage, the design and execution of drilling and completion programs, and the ongoing operation and optimization of producing wells. Crescent Energy’s integrated approach emphasizes capital efficiency, reservoir quality and operational reliability to support sustainable cash flow generation over the commodity cycle.

Crescent Energy’s operations are concentrated in the Permian Basin, with a particular focus on the Delaware Basin’s stacked pay intervals.