Crescent Energy Co (NYSE:CRGY) shares, rose in value on Thursday, December 12, with the stock price down by -0.14% to the previous day’s close as strong demand from buyers drove the stock to $14.76.
Actively observing the price movement in the last trading, the stock closed the session at $14.78, falling within a range of $14.59 and $14.9. The value of beta (5-year monthly) was 1.108 whereas the PE ratio was 24.09 over 12-month period. Referring to stock’s 52-week performance, its high was $15.54, and the low was $9.88. On the whole, CRGY has fluctuated by 6.26% over the past month.
With the market capitalization of Crescent Energy Co currently standing at about $3.74 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.48, with its dividend yield at 3.25%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.94B, with a low estimate of 875M and a high estimate of 913.46M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 893.92M.
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 0.86, with the price of CRGY currently trading nearly 1.14% and 8.88% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.27, while the 7-day volatility ratio is showing 3.20% which for the 30-day chart, stands at 3.27%. Furthermore, Crescent Energy Co (CRGY)’s beta value is 1.18, and its average true range (ATR) is 0.47.
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 -0.14% in last session, and over the past year, it grew by 38.07%%.
Data on historical trading for Crescent Energy Co (NYSE:CRGY) indicates that the trading volumes over the past 10 days have averaged 5.23 and over the past 3 months, they’ve averaged 3.58 million. According to company’s latest data on outstanding shares, there are 162.39 million shares outstanding.
Nearly 6.51% of Crescent Energy Co’s shares belong to company insiders and institutional investors own 82.23% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.98 million shares as on 2024-11-29, resulting in a short ratio of 7.71. According to the data, the short interest in Crescent Energy Co (CRGY) stood at 1049.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 17.73 million. The stock has risen by 11.73% 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.
