Crescent Energy (CRGY) Expected to Announce Quarterly Earnings on Wednesday

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

Crescent Energy Stock Down 0.2 %

Shares of CRGY stock opened at $14.23 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.93 and a current ratio of 0.93. The firm’s 50-day moving average is $15.09 and its 200-day moving average is $13.46. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 22.95 and a beta of 2.16. Crescent Energy has a 52-week low of $9.88 and a 52-week high of $16.94.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Truist Financial upped their target price on shares of Crescent Energy from $18.00 to $21.00 and gave the company a “buy” rating in a report on Monday, January 13th. Pickering Energy Partners started coverage on shares of Crescent Energy in a research report on Monday, October 28th. They set an “outperform” rating on the stock. Raymond James increased their target price on shares of Crescent Energy from $22.00 to $23.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Siebert Williams Shank began coverage on shares of Crescent Energy in a research report on Monday, February 3rd. They set a “buy” rating on the stock. Finally, Stephens boosted their price objective on Crescent Energy from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $17.50.

About Crescent Energy

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.