Crescent Energy Company (CRGY) To Go Ex-Dividend on November 17th

Crescent Energy Company (NYSE:CRGY) declared a quarterly dividend on Monday, November 3rd. Stockholders of record on Monday, November 17th will be given a dividend of 0.12 per share on Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, November 17th.

Crescent Energy has a payout ratio of 31.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Crescent Energy to earn $2.21 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 21.7%.

Crescent Energy Stock Performance

NYSE:CRGY opened at $8.07 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.75. Crescent Energy has a fifty-two week low of $6.83 and a fifty-two week high of $16.94. The stock has a market cap of $2.05 billion, a PE ratio of -44.82 and a beta of 1.89. The firm’s fifty day simple moving average is $8.75 and its 200-day simple moving average is $8.89.

Crescent Energy (NYSE:CRGY) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.20. Crescent Energy had a net margin of 0.67% and a return on equity of 13.35%. The business had revenue of $897.98 million for the quarter, compared to analysts’ expectations of $868.34 million. Analysts expect that Crescent Energy will post 0.77 earnings per share for the current fiscal year.

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.