Truist Financial Issues Positive Forecast for Crescent Energy (NYSE:CRGY) Stock Price

Crescent Energy (NYSE:CRGY) had its price target boosted by Truist Financial from $19.00 to $20.00 in a report published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also issued reports on CRGY. Wall Street Zen upgraded shares of Crescent Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 19th. Stephens lifted their price target on shares of Crescent Energy from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Morgan Stanley lowered shares of Crescent Energy to an “underweight” rating in a research note on Monday, August 3rd. BMO Capital Markets reissued a “market perform” rating and set a $16.00 price objective on shares of Crescent Energy in a research note on Friday, September 18th. Finally, Scotiabank began coverage on shares of Crescent Energy in a report on Wednesday, October 14th. They issued a “sector outperform” rating and a $18.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.21.

Crescent Energy Price Performance

Shares of CRGY stock opened at $11.73 on Wednesday. The business’s fifty day moving average is $13.56 and its 200 day moving average is $12.02. The company has a quick ratio of 0.94, a current ratio of 0.67 and a debt-to-equity ratio of 0.92. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of -586.46 and a beta of 1.71. Crescent Energy has a twelve month low of $7.68 and a twelve month high of $15.47.

Crescent Energy (NYSE:CRGY) last announced its quarterly earnings data on Monday, November 2nd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.59 by $0.18. Crescent Energy had a return on equity of 13.43% and a net margin of 1.30%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.24 billion. Research analysts expect that Crescent Energy will post 2.03 EPS for the current fiscal year.

Crescent Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, November 16th. This represents a $0.48 dividend on an annualized basis and a yield of 4.1%. Crescent Energy’s payout ratio is presently -960.00%.

Institutional Investors Weigh In On Crescent Energy

Several hedge funds have recently added to or reduced their stakes in CRGY. Keybank National Association OH boosted its stake in Crescent Energy by 43.4% in the 3rd quarter. Keybank National Association OH now owns 69,421 shares of the company’s stock worth $895,000 after purchasing an additional 21,006 shares in the last quarter. Fulcrum Asset Management LLP increased its stake in Crescent Energy by 484.1% during the 3rd quarter. Fulcrum Asset Management LLP now owns 132,470 shares of the company’s stock valued at $1,708,000 after purchasing an additional 109,792 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in Crescent Energy by 16.3% during the 3rd quarter. Pictet Asset Management Holding SA now owns 44,521 shares of the company’s stock valued at $574,000 after purchasing an additional 6,229 shares in the last quarter. Covestor Ltd increased its stake in Crescent Energy by 136.3% during the 3rd quarter. Covestor Ltd now owns 12,569 shares of the company’s stock valued at $162,000 after purchasing an additional 7,250 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. raised its holdings in Crescent Energy by 1.6% in the third quarter. Mraz Amerine & Associates Inc. now owns 211,424 shares of the company’s stock worth $2,725,000 after buying an additional 3,359 shares during the last quarter. 52.11% of the stock is owned by institutional investors.

Key Crescent Energy News

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

• Positive Sentiment: Truist raised its price target to $20 from $19 and reiterated a Buy rating. The new target implies substantial upside from the cited share price and may support investor sentiment. Truist raises Crescent Energy price target
• Positive Sentiment: Q3 results topped expectations: Crescent reported earnings of $0.77 per share versus the $0.59 consensus estimate, and revenue of $1.35 billion versus $1.24 billion expected. The company’s discussion also highlighted operating efficiencies and portfolio changes. Q3 operational deep dive
• Positive Sentiment: Crescent declared a quarterly dividend of $0.12 per share payable November 30, equivalent to $0.48 annually and a reported yield of 3.7%. The dividend provides an income component for shareholders.
• Neutral Sentiment: The company filed for a proposed IPO of its royalty subsidiary. A listing could potentially provide a way to monetize the business, but the filing is preliminary and the reports provided no details on timing or valuation. Proposed royalty subsidiary IPO
• Neutral Sentiment: Management’s focus is shifting toward integration following portfolio transformation. This may help realize efficiencies, though execution and integration remain important factors for investors. Q3 2026 earnings call transcript

Crescent Energy Company Profile

Crescent Energy Company is an independent energy company focused on the acquisition, development and operation of oil and natural gas properties in the United States. Its activities include exploration and production, well development, production optimization and management of mature and unconventional oil and gas assets.

The company’s portfolio is concentrated in onshore U.S. basins, including the Eagle Ford in South Texas and the Uinta Basin in Utah, along with other producing properties.