On Monday, Crescent Energy Co. (NYSE: CRGY) opened lower -2.79% from the last session, before settling in for the closing price of $12.56. Price fluctuations for CRGY have ranged from $9.88 to $13.85 over the past 52 weeks.
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Annual sales at Energy sector company grew by 37.53% over the past five years. Company’s average yearly earnings per share was noted -38.43% at the time writing. With a float of $152.57 million, this company’s outstanding shares have now reached $163.12 million.
Let’s look at the performance matrix of the company that is accounted for 904 employees. In terms of profitability, gross margin is 65.98%, operating margin of 13.18%, and the pretax margin is 1.98%.
Crescent Energy Co. (CRGY) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Oil & Gas Integrated industry is another important factor to consider. The insider ownership of Crescent Energy Co. is 6.46%, while institutional ownership is 58.37%. The most recent insider transaction that took place on Sep 05 ’24, was worth 10,574. In this transaction an insider of this company bought 950 shares at a rate of $11.13, taking the stock ownership to the 45,811 shares. Before that another transaction happened on Sep 05 ’24, when Company’s See remarks bought 1,000 for $11.24, making the entire transaction worth $11,240. This insider now owns 7,000 shares in total.
Crescent Energy Co. (CRGY) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.67 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.27) by -0.94. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.34 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -38.43% per share during the next fiscal year.
Crescent Energy Co. (NYSE: CRGY) Trading Performance Indicators
Check out the current performance indicators for Crescent Energy Co. (CRGY). In the past quarter, the stock posted a quick ratio of 1.87. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.76. Likewise, its price to free cash flow for the trailing twelve months is 4.01.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.01, a number that is poised to hit 0.27 in the next quarter and is forecasted to reach 1.38 in one year’s time.
Technical Analysis of Crescent Energy Co. (CRGY)
Crescent Energy Co. (NYSE: CRGY) saw its 5-day average volume 1.5 million, a negative change from its year-to-date volume of 2.37 million. As of the previous 9 days, the stock’s Stochastic %D was 35.52%. Additionally, its Average True Range was 0.40.
During the past 100 days, Crescent Energy Co.’s (CRGY) raw stochastic average was set at 63.23%, which indicates a significant increase from 8.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.89% in the past 14 days, which was lower than the 41.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.72, while its 200-day Moving Average is $11.57. Nevertheless, the first resistance level for the watch stands at $12.35 in the near term. At $12.50, the stock is likely to face the second major resistance level. The third major resistance level sits at $12.63. If the price goes on to break the first support level at $12.07, it is likely to go to the next support level at $11.94. The third support level lies at $11.79 if the price breaches the second support level.
Crescent Energy Co. (NYSE: CRGY) Key Stats
There are currently 177,465K shares outstanding in the company with a market cap of 1.99 billion. Presently, the company’s annual sales total 2,383 M according to its annual income of 67,610 K. Last quarter, the company’s sales amounted to 653,280 K and its income totaled 37,550 K.
