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

Crescent Energy (NYSE:CRGY) is projected 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 that wish to listen to the company’s conference call can do so using this link.

Crescent Energy Price Performance

Shares of NYSE CRGY opened at $14.23 on Tuesday. The stock has a market cap of $3.25 billion, a PE ratio of 22.95 and a beta of 2.16. Crescent Energy has a fifty-two week low of $9.88 and a fifty-two week high of $16.94. 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 stock has a fifty day moving average of $15.09 and a 200-day moving average of $13.46.

Analyst Upgrades and Downgrades

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