Crescent Energy (NYSE:CRGY) Shares Gap Up After Analyst Upgrade

Crescent Energy Company (NYSE:CRGY) shares gapped up before the market opened on Friday after JPMorgan Chase & Co. upgraded the stock from a neutral rating to an overweight rating. The stock had previously closed at $12.25, but opened at $12.63. JPMorgan Chase & Co. now has a $19.00 price target on the stock. Crescent Energy shares last traded at $12.6390, with a volume of 2,549,047 shares traded.

A number of other analysts have also recently weighed in on the stock. Piper Sandler increased their target price on shares of Crescent Energy from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Wells Fargo & Company boosted their price objective on shares of Crescent Energy from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Tuesday, March 17th. Weiss Ratings upgraded shares of Crescent Energy from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, February 27th. Mizuho raised their target price on shares of Crescent Energy from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, William Blair restated an “outperform” rating on shares of Crescent Energy in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.78.

Trending Headlines about Crescent Energy

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

• Positive Sentiment: JPMorgan upgraded CRGY from “neutral” to “overweight” and set a $19.00 price target (roughly +50% upside vs recent levels), which is a major catalyst for buying interest. Read More. Read More.
• Positive Sentiment: Unusual options activity: traders bought 4,578 call options (up 128% vs average daily call volume), signaling speculative or hedged bullish bets that can amplify upside momentum in the underlying shares.
• Positive Sentiment: Broker optimism: Wells Fargo publicly forecasted strong price appreciation for CRGY, and brokerages collectively show a consensus “Moderate Buy,” adding institutional credibility to the rally. Read More. Read More.
• Positive Sentiment: Technical/market action: reports note CRGY hit a new 52-week high after the analyst upgrade, which can attract momentum and ETF/quant flows that buy stocks breaking to new highs. Read More.
• Neutral Sentiment: Capital-structure item: a recent ESOP shelf filing has drawn attention — this could be part of employee-compensation planning or a mechanism to issue equity in the future. Impact depends on whether shares are issued (possible dilution) or used minimally; for now it’s informational. Read More.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Corient Private Wealth LLC increased its holdings in shares of Crescent Energy by 62.6% during the fourth quarter. Corient Private Wealth LLC now owns 28,731 shares of the company’s stock valued at $241,000 after purchasing an additional 11,063 shares during the period. Alpine Global Management LLC acquired a new stake in Crescent Energy in the fourth quarter worth about $183,000. MidFirst Bank acquired a new stake in Crescent Energy in the fourth quarter worth about $232,000. Sunbelt Securities Inc. grew its position in Crescent Energy by 9.7% in the 4th quarter. Sunbelt Securities Inc. now owns 150,343 shares of the company’s stock valued at $1,261,000 after buying an additional 13,344 shares in the last quarter. Finally, Invesco Ltd. grew its position in Crescent Energy by 38.8% in the 4th quarter. Invesco Ltd. now owns 2,260,663 shares of the company’s stock valued at $18,967,000 after buying an additional 632,147 shares in the last quarter. Institutional investors own 52.11% of the company’s stock.

Crescent Energy Stock Performance

The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 24.34 and a beta of 1.57. The company’s 50 day simple moving average is $10.31 and its 200 day simple moving average is $9.30. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.48 and a current ratio of 1.48.

Crescent Energy (NYSE:CRGY) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.19. The company had revenue of $865.05 million during the quarter, compared to analyst estimates of $884.64 million. Crescent Energy had a net margin of 3.71% and a return on equity of 8.36%. On average, equities research analysts anticipate that Crescent Energy Company will post 0.77 earnings per share for the current year.

Crescent Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Wednesday, March 11th. Crescent Energy’s dividend payout ratio is 92.31%.

Crescent Energy Company Profile

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.