Crescent Energy Co (NYSE:CRGY) shares, rose in value on Thursday, November 21, with the stock price up by 4.26% to the previous day’s close as strong demand from buyers drove the stock to $15.18.
Actively observing the price movement in the last trading, the stock closed the session at $14.56, falling within a range of $14.62 and $15.53. The value of beta (5-year monthly) was 1.108 whereas the PE ratio was 24.77 over 12-month period. Referring to stock’s 52-week performance, its high was $14.59, and the low was $9.88. On the whole, CRGY has fluctuated by 24.12% over the past month.
With the market capitalization of Crescent Energy Co currently standing at about $3.47 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.48, with its dividend yield at 3.16%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.93B, with a low estimate of 864M and a high estimate of 906.74M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 884.12M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CRGY’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.46, with the price of CRGY currently trading nearly 13.44% and 20.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 76.52, while the 7-day volatility ratio is showing 3.55% which for the 30-day chart, stands at 3.19%. Furthermore, Crescent Energy Co (CRGY)’s beta value is 1.15, and its average true range (ATR) is 0.46.
A comparison of Crescent Energy Co (CRGY) with its peers suggests the former has fared considerably weaker in the market. CRGY showed an intraday change of 4.26% in last session, and over the past year, it grew by 32.00%%.
Data on historical trading for Crescent Energy Co (NYSE:CRGY) indicates that the trading volumes over the past 10 days have averaged 1.95 and over the past 3 months, they’ve averaged 3.06 million. According to company’s latest data on outstanding shares, there are 162.35 million shares outstanding.
Nearly 6.49% of Crescent Energy Co’s shares belong to company insiders and institutional investors own 82.55% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.73 million shares as on 2024-10-31, resulting in a short ratio of 4.11. According to the data, the short interest in Crescent Energy Co (CRGY) stood at 1164.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 15.34 million. The stock has risen by 14.91% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CRGY stock heading into the next quarter.
