There is no way Crescent Energy Company (CRGY) can keep these numbers up

Crescent Energy Company (NYSE: CRGY) stock jumped 0.32% on Monday to $12.49 against a previous-day closing price of $12.45. With 0.8 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.79 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $12.89 whereas the lowest price it dropped to was $12.27. The 52-week range on CRGY shows that it touched its highest point at $16.39 and its lowest point at $9.17 during that stretch. It currently has a 1-year price target of $16.20. With its current market cap of 2.24 billion, CRGY has annualized dividend of $0.48 while the current yield stands at 3.84%. Beta for the stock currently stands at 1.32.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CRGY was up-trending over the past week, with a rise of 1.54%, but this was down by -8.43% over a month. Three-month performance surged to 21.14% while six-month performance rose 21.14%. The stock lost -20.95% in the past year, while it has gained 4.17% so far this year. A look at the trailing 12-month EPS for CRGY yields 1.15 with Next year EPS estimates of 1.68. For the next quarter, that number is 0.25. This implies an EPS growth rate of 127.20% for this year and 41.23% for next year.

Float and Shares Shorts:

At present, 167.01 million CRGY shares are outstanding with a float of 71.67 million shares on hand for trading. On Aug 30, 2023, short shares totaled 8.07 million, which was 10.63% higher than short shares on Jul 30, 2023. In addition to Mr. David C. Rockecharlie as the firm’s CEO & Director, Ms. Brandi Kendall serves as its CFO & Director.

Institutional Ownership:

Through their ownership of 44.85% of CRGY’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 29.34% of CRGY, in contrast to 25.32% held by mutual funds. Shares owned by individuals account for 15.97%. As the largest shareholder in CRGY with 10.53% of the stake, Teacher Retirement System of Texa holds 7,994,884 shares worth 7,994,884. A second-largest stockholder of CRGY, Crescent Real Estate LLC, holds 4,684,598 shares, controlling over 6.17% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in CRGY, holding 3,857,463 shares or 5.08% stake. With a 1.44% stake in CRGY, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,091,086 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 1.32% of CRGY stock, is the second-largest Mutual Fund holder. It holds 1,004,054 shares valued at 13.69 million. iShares Russell 2000 ETF holds 1.25% of the stake in CRGY, owning 953,357 shares worth 12.99 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, CRGY reported revenue of $908.43M and operating income of $501.89M. The EBITDA in the recently reported quarter was $635.47M and diluted EPS was $1.30.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CRGY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CRGY analysts setting a high price target of $21.00 and a low target of $12.00, the average target price over the next 12 months is $15.67. Based on these targets, CRGY could surge 68.13% to reach the target high and fall by -3.92% to reach the target low. Reaching the average price target will result in a growth of 25.46% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded CRGY stock several times over the past three months with 2 Buys and 3 Sells. In these transactions, 27,597,245 shares were bought while 82,791,597 shares were sold. The number of buy transactions has increased to 30 while that of sell transactions has risen to 5 over the past year. The total number of shares bought during that period was 27,753,136 while 83,364,667 shares were sold.

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