Reviewing Crescent Energy (NYSE:CRGY) and ReNew Energy Global (NASDAQ:RNW)

ReNew Energy Global (NASDAQ:RNW) and Crescent Energy (NYSE:CRGY) are both mid-cap energy companies, but which is the superior investment? We will compare the two businesses based on the strength of their risk, earnings, profitability, dividends, analyst recommendations, valuation and institutional ownership.

Institutional & Insider Ownership

43.6% of ReNew Energy Global shares are owned by institutional investors. Comparatively, 52.1% of Crescent Energy shares are owned by institutional investors. 8.7% of ReNew Energy Global shares are owned by insiders. Comparatively, 13.2% of Crescent Energy shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Valuation & Earnings

This table compares ReNew Energy Global and Crescent Energy”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
ReNew Energy Global	$1.14 billion	1.79	$45.00 million	$0.42	13.38
Crescent Energy	$3.58 billion	1.13	$132.91 million	($0.75)	-16.51

Crescent Energy has higher revenue and earnings than ReNew Energy Global. Crescent Energy is trading at a lower price-to-earnings ratio than ReNew Energy Global, indicating that it is currently the more affordable of the two stocks.

Analyst Recommendations

This is a summary of recent ratings and price targets for ReNew Energy Global and Crescent Energy, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
ReNew Energy Global	1	1	0	0	1.50
Crescent Energy	1	3	8	2	2.79

ReNew Energy Global presently has a consensus price target of $6.52, indicating a potential upside of 15.93%. Crescent Energy has a consensus price target of $15.73, indicating a potential upside of 26.99%. Given Crescent Energy’s stronger consensus rating and higher possible upside, analysts clearly believe Crescent Energy is more favorable than ReNew Energy Global.

Volatility and Risk

ReNew Energy Global has a beta of 1.07, indicating that its stock price is 7% more volatile than the S&P 500. Comparatively, Crescent Energy has a beta of 1.44, indicating that its stock price is 44% more volatile than the S&P 500.

Profitability

This table compares ReNew Energy Global and Crescent Energy’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
ReNew Energy Global	6.95%	10.50%	1.45%
Crescent Energy	-7.47%	8.10%	3.47%

Summary

Crescent Energy beats ReNew Energy Global on 10 of the 15 factors compared between the two stocks.

About ReNew Energy Global

ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through two segments: Wind Power and Solar Power. It develops, builds, owns, and operates utility scale wind and solar energy, hydro energy, and utility-scale firm power projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers. The company provides engineering, procurement, and construction services; operation and maintenance services; consultancy services; and sells renewable energy certificates. ReNew Energy Global Plc was founded in 2011 and is based in London, the United Kingdom.

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. The company is based in Houston, Texas.