Crescent Energy (NYSE:CRGY – Get Rating) announced a quarterly dividend on Thursday, May 12th, Wall Street Journal reports. Shareholders of record on Tuesday, May 24th will be paid a dividend of 0.17 per share on Tuesday, June 7th. This represents a $0.68 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Monday, May 23rd. This is a boost from Crescent Energy’s previous quarterly dividend of $0.12.
Shares of NYSE:CRGY opened at $16.72 on Friday. The company has a debt-to-equity ratio of 3.77, a current ratio of 0.53 and a quick ratio of 0.53. Crescent Energy has a 52 week low of $11.90 and a 52 week high of $19.65. The company has a market capitalization of $2.83 billion, a P/E ratio of 97.88 and a beta of 2.52. The firm has a 50 day moving average price of $17.08.
Separately, Truist Financial started coverage on Crescent Energy in a research report on Friday, April 8th. They set a “buy” rating and a $25.00 price target for the company.
Crescent Energy Company Profile (Get Rating)
Crescent Energy Company, an energy company, explores for, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. The company holds a portfolio of oil and natural gas assets in key proven basins, including the Eagle Ford, Rockies, Barnett, Permian, Mid-Con, and other basins in the United States.
- Get a free copy of the StockNews.com research report on Crescent Energy (CRGY)
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