Crescent Energy (NYSE:CRGY) Issues Earnings Results, Beats Expectations By $0.10 EPS

Crescent Energy (NYSE:CRGY) issued its quarterly earnings results on Monday. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.10, FiscalAI reports. Crescent Energy had a return on equity of 10.73% and a net margin of 1.27%.The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.26 billion. Crescent Energy’s quarterly revenue was up 55.3% compared to the same quarter last year.

Crescent Energy Price Performance

NYSE CRGY traded down $0.32 during trading hours on Wednesday, reaching $10.96. 1,319,203 shares of the company’s stock were exchanged, compared to its average volume of 7,172,853. The stock has a market cap of $3.62 billion, a PE ratio of -14.61 and a beta of 1.41. Crescent Energy has a one year low of $7.68 and a one year high of $14.29. The firm has a fifty day moving average of $10.75 and a 200-day moving average of $11.35. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.12.

Crescent Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, August 17th. Crescent Energy’s payout ratio is presently -64.00%.

Analysts Set New Price Targets

A number of brokerages recently commented on CRGY. Morgan Stanley lowered Crescent Energy to an “underweight” rating in a research note on Monday. Wells Fargo & Company upped their target price on shares of Crescent Energy from $14.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Wall Street Zen cut shares of Crescent Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Raymond James Financial reiterated a “strong-buy” rating and issued a $19.00 price objective on shares of Crescent Energy in a research note on Monday. Finally, Stephens raised their target price on Crescent Energy from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Crescent Energy currently has an average rating of “Moderate Buy” and a consensus price target of $15.75.

Key Headlines Impacting Crescent Energy

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

• Positive Sentiment: Strong Q2 results: Crescent reported adjusted earnings of $0.69 per share, exceeding the $0.59 consensus estimate, while revenue reached $1.39 billion versus expectations of $1.26 billion. Revenue increased 55.3% year over year, supporting the bullish case for the company’s operating performance. Crescent Energy Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Higher cash-flow and synergy outlook: Management outlined a $250 million to $300 million Permian synergy target and projected more than $1 billion in 2026 levered free cash flow. These targets could improve shareholder returns and accelerate debt reduction if achieved. Crescent Outlines Permian Synergy Target and 2026 Free Cash Flow Projection
• Positive Sentiment: Analyst support and dividend: Stephens raised its price target to $18 from $17 and maintained an overweight rating. Crescent also declared a quarterly dividend of $0.12 per share, equivalent to an indicated yield of approximately 4.3%, adding to the stock’s income appeal. Stephens Raises Crescent Energy Price Target
• Neutral Sentiment: Mizuho increased its price target to $16 from $15 but retained a neutral rating, indicating analysts see upside while remaining cautious about Crescent’s risk and valuation. Mizuho Raises Crescent Energy Price Target
• Negative Sentiment: An analyst fair-value estimate was trimmed as firms revised their oil-price assumptions. Lower commodity-price expectations could pressure Crescent’s future revenue, earnings and cash flow despite the company’s improved guidance. Crescent Energy Fair Value Trim

Hedge Funds Weigh In On Crescent Energy

A number of institutional investors and hedge funds have recently bought and sold shares of CRGY. Osaic Holdings Inc. increased its stake in shares of Crescent Energy by 25.2% in the second quarter. Osaic Holdings Inc. now owns 5,301 shares of the company’s stock valued at $46,000 after buying an additional 1,066 shares in the last quarter. First Citizens Bank & Trust Co. lifted its position in Crescent Energy by 1.8% during the 4th quarter. First Citizens Bank & Trust Co. now owns 65,241 shares of the company’s stock worth $547,000 after buying an additional 1,152 shares in the last quarter. AQR Capital Management LLC lifted its position in Crescent Energy by 8.9% during the 1st quarter. AQR Capital Management LLC now owns 17,104 shares of the company’s stock worth $192,000 after buying an additional 1,397 shares in the last quarter. Comerica Bank grew its holdings in Crescent Energy by 2.1% during the 3rd quarter. Comerica Bank now owns 84,852 shares of the company’s stock worth $757,000 after acquiring an additional 1,726 shares during the last quarter. Finally, Oxford Asset Management LLP increased its position in Crescent Energy by 7.7% in the 4th quarter. Oxford Asset Management LLP now owns 30,763 shares of the company’s stock valued at $258,000 after acquiring an additional 2,198 shares in the last quarter. Institutional investors and hedge funds own 52.11% of the company’s stock.

About Crescent Energy

Crescent Energy Co (NYSE: CRGY) is an independent exploration and production company focused on the acquisition, development and production of oil and natural gas resources in North America. Headquartered in Oklahoma City, the company’s core business activities include the identification and appraisal of prospective acreage, the design and execution of drilling and completion programs, and the ongoing operation and optimization of producing wells. Crescent Energy’s integrated approach emphasizes capital efficiency, reservoir quality and operational reliability to support sustainable cash flow generation over the commodity cycle.

Crescent Energy’s operations are concentrated in the Permian Basin, with a particular focus on the Delaware Basin’s stacked pay intervals.