Crescent Energy (NYSE:CRGY – Get Free Report) had its target price hoisted by equities research analysts at Mizuho from $16.00 to $17.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price target would suggest a potential upside of 1.98% from the stock’s previous close.
Several other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. started coverage on Crescent Energy in a report on Wednesday, September 18th. They issued a “neutral” rating and a $12.00 target price on the stock. Raymond James upped their price objective on Crescent Energy from $19.00 to $20.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 21st. Truist Financial raised their target price on shares of Crescent Energy from $18.00 to $21.00 and gave the company a “buy” rating in a report on Monday. Pickering Energy Partners began coverage on shares of Crescent Energy in a research report on Monday, October 28th. They issued an “outperform” rating on the stock. Finally, Evercore ISI reiterated an “outperform” rating and set a $17.00 price objective on shares of Crescent Energy in a research report on Tuesday, September 24th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $17.20.
Get Our Latest Report on Crescent Energy
Crescent Energy Trading Up 0.5 %
Crescent Energy (NYSE:CRGY – Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.11. The firm had revenue of $744.87 million during the quarter, compared to analyst estimates of $793.88 million. Crescent Energy had a net margin of 2.17% and a return on equity of 12.53%. During the same quarter in the prior year, the business earned $0.35 earnings per share. Research analysts anticipate that Crescent Energy will post 0.98 EPS for the current fiscal year.
Hedge Funds Weigh In On Crescent Energy
Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in Crescent Energy by 15,675.0% in the third quarter. Farther Finance Advisors LLC now owns 3,155 shares of the company’s stock worth $35,000 after purchasing an additional 3,135 shares during the last quarter. Amalgamated Bank boosted its holdings in Crescent Energy by 86.4% during the 3rd quarter. Amalgamated Bank now owns 4,903 shares of the company’s stock valued at $54,000 after acquiring an additional 2,272 shares during the period. GAMMA Investing LLC grew its position in Crescent Energy by 48.3% in the 4th quarter. GAMMA Investing LLC now owns 4,978 shares of the company’s stock valued at $73,000 after acquiring an additional 1,621 shares during the last quarter. Zacks Investment Management purchased a new stake in Crescent Energy in the third quarter worth $121,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in Crescent Energy in the third quarter worth $155,000. 52.11% of the stock is owned by hedge funds and other institutional investors.
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.
Recommended Stories
- Five stocks we like better than Crescent Energy
- Investing in Commodities: What Are They? How to Invest in Them
- 4 Social Media Stocks Set to Gain as TikTok Ban Looms
- Consumer Discretionary Stocks Explained
- How Do Stock Buybacks Affect Shareholders?
- Low PE Growth Stocks: Unlocking Investment Opportunities
- JPMorgan Chase & Co. Stock Can Hit $300 This Year
Receive News & Ratings for Crescent Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Energy and related companies with MarketBeat.com's FREE daily email newsletter.