Crescent Energy (CRGY) Expected to Announce Earnings on Wednesday

Crescent Energy (NYSE:CRGY) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $889.39 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Crescent Energy Price Performance

Shares of NYSE CRGY opened at $14.29 on Monday. The firm has a market capitalization of $3.26 billion, a P/E ratio of 23.04 and a beta of 2.16. Crescent Energy has a one year low of $9.88 and a one year high of $16.94. The company’s fifty day moving average is $15.09 and its two-hundred day moving average is $13.43. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.93 and a current ratio of 0.93.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CRGY. Siebert Williams Shank assumed coverage on shares of Crescent Energy in a report on Monday, February 3rd. They issued a “buy” rating on the stock. Stephens increased their price objective on Crescent Energy from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Mizuho lifted their price objective on Crescent Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Raymond James upped their target price on shares of Crescent Energy from $22.00 to $23.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Truist Financial lifted their price target on shares of Crescent Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $17.50.

Crescent Energy Company Profile

Crescent Energy Company acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. Its portfolio of assets comprises mid-cycle unconventional and conventional assets in the Eagle Ford and Uinta Basins. It also owns and operates various midstream assets, which provide services to customers.