KeyCorp Estimates Crescent Energy’s Q2 Earnings (NYSE:CRGY)

Crescent Energy Company (NYSE:CRGY) – Equities researchers at KeyCorp dropped their Q2 2026 earnings estimates for shares of Crescent Energy in a note issued to investors on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now expects that the company will post earnings per share of $0.50 for the quarter, down from their previous forecast of $0.51. KeyCorp has a “Overweight” rating and a $19.00 price target on the stock. The consensus estimate for Crescent Energy’s current full-year earnings is $1.99 per share. KeyCorp also issued estimates for Crescent Energy’s Q2 2027 earnings at $0.61 EPS, Q3 2027 earnings at $0.57 EPS and FY2027 earnings at $2.48 EPS.

CRGY has been the topic of several other reports. JPMorgan Chase & Co. raised shares of Crescent Energy from a “neutral” rating to an “overweight” rating and set a $19.00 price target on the stock in a research report on Friday, March 20th. Weiss Ratings downgraded Crescent Energy from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Piper Sandler upped their target price on Crescent Energy from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Raymond James Financial reissued a “strong-buy” rating and set a $20.00 price target on shares of Crescent Energy in a research report on Thursday, April 30th. Finally, Stephens restated an “overweight” rating and issued a $18.00 price target on shares of Crescent Energy in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Crescent Energy Stock Down 0.0%

Shares of Crescent Energy stock opened at $11.54 on Monday. The business’s 50 day simple moving average is $12.79 and its 200 day simple moving average is $10.83. Crescent Energy has a 52-week low of $7.68 and a 52-week high of $14.29. The firm has a market cap of $3.81 billion, a PE ratio of -15.38 and a beta of 1.37. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.57 and a current ratio of 0.57.

Crescent Energy (NYSE:CRGY) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.14. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Crescent Energy had a positive return on equity of 8.10% and a negative net margin of 7.47%.Crescent Energy’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 EPS.

Crescent Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were given a dividend of $0.12 per share. The ex-dividend date was Monday, May 18th. This represents a $0.48 annualized dividend and a yield of 4.2%. Crescent Energy’s dividend payout ratio (DPR) is -64.00%.

Hedge Funds Weigh In On Crescent Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Crescent Energy by 34.6% during the fourth quarter. Vanguard Group Inc. now owns 27,292,081 shares of the company’s stock worth $228,981,000 after purchasing an additional 7,015,982 shares during the period. Balyasny Asset Management L.P. boosted its stake in Crescent Energy by 775.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 3,303,260 shares of the company’s stock valued at $27,714,000 after purchasing an additional 2,925,780 shares during the period. State Street Corp grew its holdings in Crescent Energy by 27.6% in the 4th quarter. State Street Corp now owns 12,808,605 shares of the company’s stock valued at $107,464,000 after buying an additional 2,767,096 shares in the last quarter. Bank of America Corp DE grew its holdings in Crescent Energy by 308.2% in the 1st quarter. Bank of America Corp DE now owns 3,056,820 shares of the company’s stock valued at $41,267,000 after buying an additional 2,307,971 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Crescent Energy by 77.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,105,558 shares of the company’s stock worth $42,836,000 after buying an additional 2,234,324 shares during the period. Institutional investors and hedge funds own 52.11% of the company’s stock.

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.