Crescent Energy Co. [NYSE: CRGY] jumped around 0.45 points on Wednesday, while shares priced at $12.32 at the close of the session, up 3.79%.
Compared to the average trading volume of 1.52M shares, CRGY reached a trading volume of 3552422 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Crescent Energy Co. [CRGY]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CRGY shares is $16.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CRGY stock is a recommendation set at 1.44. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Tudor Pickering Holt & Co. have made an estimate for Crescent Energy Co. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 10, 2024. While these analysts kept the previous recommendation, Mizuho dropped their target price from $18 to $14. The new note on the price target was released on January 03, 2024, representing the official price target for Crescent Energy Co. stock. Previously, the target price had yet another raise to $16, while Raymond James analysts kept a Strong Buy rating on CRGY stock.
The Average True Range (ATR) for Crescent Energy Co. is set at 0.43, with the Price to Sales ratio for CRGY stock in the period of the last 12 months amounting to 0.46. The Price to Book ratio for the last quarter was 0.66, with the Price to Cash per share for the same quarter was set at 0.06. Price to Free Cash Flow for CRGY in the course of the last twelve months was 3.21 with Quick ratio for the last quarter at 0.75.
How has CRGY stock performed recently?
Crescent Energy Co. [CRGY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.31. With this latest performance, CRGY shares gained by 2.67% in over the last four-week period, additionally plugging by 2.75% over the last 6 months – not to mention a rise of 13.03% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CRGY stock in for the last two-week period is set at 66.69, with the RSI for the last a single of trading hit 73.92, and the three-weeks RSI is set at 62.06 for Crescent Energy Co. [CRGY]. The present Moving Average for the last 50 days of trading for this stock 11.26, while it was recorded at 11.21 for the last single week of trading, and 11.77 for the last 200 days.
Crescent Energy Co. [CRGY]: Deeper insight into the fundamentals
Crescent Energy Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.75 and a Current Ratio set at 0.75.
Earnings analysis for Crescent Energy Co. [CRGY]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CRGY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Crescent Energy Co. go to -4.60%.
Insider trade positions for Crescent Energy Co. [CRGY]
The top three institutional holders of CRGY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CRGY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CRGY stock with ownership which is approximately 5.8386%.
