Crescent Energy (NYSE:CRGY) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Crescent Energy (NYSE:CRGY) from a neutral rating to an overweight rating in a research note published on Friday, Marketbeat.com reports. They currently have $19.00 target price on the stock.

Several other equities analysts also recently weighed in on the company. Piper Sandler raised their price target on Crescent Energy from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Wells Fargo & Company upped their price target on shares of Crescent Energy from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 17th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $9.00 target price on shares of Crescent Energy in a research report on Sunday, January 25th. Weiss Ratings raised Crescent Energy from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, February 27th. Finally, BMO Capital Markets started coverage on shares of Crescent Energy in a research report on Friday, January 9th. They set a “market perform” rating and a $10.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.78.

Crescent Energy Price Performance

CRGY stock opened at $12.66 on Friday. The firm has a 50 day moving average of $10.31 and a 200-day moving average of $9.30. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.07. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 24.34 and a beta of 1.57. Crescent Energy has a 12-month low of $6.83 and a 12-month high of $12.94.

Crescent Energy (NYSE:CRGY) last posted its earnings results on Wednesday, February 25th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.19. Crescent Energy had a return on equity of 8.36% and a net margin of 3.71%.The company had revenue of $865.05 million for the quarter, compared to analyst estimates of $884.64 million. As a group, equities analysts expect that Crescent Energy will post 0.77 EPS for the current fiscal year.

Crescent Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, March 11th. Crescent Energy’s dividend payout ratio (DPR) is currently 92.31%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Caitlin John LLC acquired a new position in Crescent Energy in the third quarter worth $27,000. Nisa Investment Advisors LLC boosted its position in Crescent Energy by 50.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,714 shares of the company’s stock worth $33,000 after acquiring an additional 1,241 shares during the period. Fifth Third Bancorp grew its position in Crescent Energy by 109.3% in the 4th quarter. Fifth Third Bancorp now owns 3,905 shares of the company’s stock valued at $33,000 after buying an additional 2,039 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Crescent Energy by 134.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,986 shares of the company’s stock valued at $33,000 after acquiring an additional 2,286 shares in the last quarter. Finally, Quarry LP boosted its stake in Crescent Energy by 303.5% during the 3rd quarter. Quarry LP now owns 4,152 shares of the company’s stock valued at $37,000 after purchasing an additional 3,123 shares in the last quarter. Institutional investors and hedge funds own 52.11% of the company’s stock.

More Crescent Energy News

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.

About Crescent Energy

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.