Mizuho Raises Crescent Energy (NYSE:CRGY) Price Target to $14.00

Crescent Energy (NYSE:CRGYGet Free Report) had its price objective upped by stock analysts at Mizuho from $13.00 to $14.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price target suggests a potential upside of 14.38% from the company’s current price.

Several other brokerages have also weighed in on CRGY. TheStreet raised Crescent Energy from a “d” rating to a “c-” rating in a report on Wednesday, February 14th. Wells Fargo & Company upped their price target on shares of Crescent Energy from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Tudor, Pickering, Holt & Co. initiated coverage on Crescent Energy in a report on Wednesday, April 10th. They issued a “buy” rating and a $18.00 price target for the company. Raymond James decreased their price objective on Crescent Energy from $16.00 to $15.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Finally, Truist Financial reduced their target price on Crescent Energy from $23.00 to $19.00 and set a “buy” rating for the company in a report on Friday, April 5th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Crescent Energy has an average rating of “Buy” and an average price target of $16.50.

Check Out Our Latest Research Report on Crescent Energy

Crescent Energy Stock Up 0.7 %

Crescent Energy stock traded up $0.08 during midday trading on Monday, hitting $12.24. 351,600 shares of the stock were exchanged, compared to its average volume of 1,379,565. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of -61.00 and a beta of 2.29. Crescent Energy has a 52-week low of $9.17 and a 52-week high of $14.22. The business’s 50-day moving average price is $11.32 and its 200-day moving average price is $11.48.

Crescent Energy (NYSE:CRGYGet Free Report) last issued its quarterly earnings results on Monday, March 4th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.37. The business had revenue of $657.73 million for the quarter, compared to analyst estimates of $584.12 million. Crescent Energy had a positive return on equity of 12.90% and a negative net margin of 0.67%. On average, research analysts expect that Crescent Energy will post 1.28 EPS for the current fiscal year.

Insider Transactions at Crescent Energy

In other news, major shareholder Energy Aggregator Independence sold 13,800,000 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 13.20% of the stock is currently owned by insiders.

Institutional Trading of Crescent Energy

Several hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in Crescent Energy by 186.5% during the 1st quarter. GAMMA Investing LLC now owns 4,507 shares of the company’s stock valued at $54,000 after buying an additional 2,934 shares during the period. Amalgamated Bank raised its position in Crescent Energy by 58.5% during the 4th quarter. Amalgamated Bank now owns 7,444 shares of the company’s stock valued at $98,000 after purchasing an additional 2,748 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new stake in Crescent Energy in the 4th quarter worth approximately $136,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Crescent Energy in the 4th quarter worth approximately $139,000. Finally, Carson Advisory Inc. purchased a new position in shares of Crescent Energy during the fourth quarter valued at approximately $144,000. 52.11% of the stock is owned by institutional investors.

About Crescent Energy

(Get Free Report)

Crescent Energy Company, an energy company, acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. The company holds a portfolio of oil and natural gas assets in key proven regions, including Eagle Ford and Uinta basins. The company is based in Houston, Texas.

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