A new trading day began on Monday, with Crescent Energy Co (NYSE: CRGY) stock price up 2.20% from the previous day of trading, before settling in for the closing price of $12.26. CRGY’s price has ranged from $9.88 to $13.85 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Energy sector saw sales topped by 37.53%. Meanwhile, its annual earnings per share averaged -37.63%. With a float of $152.57 million, this company’s outstanding shares have now reached $163.12 million.
The extent of productivity of a business whose workforce counts for 904 workers is very important to gauge. 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas Integrated Industry. The insider ownership of Crescent Energy Co is 6.46%, while institutional ownership is 58.41%. 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
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.67 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.35 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -37.63% per share during the next fiscal year.
Crescent Energy Co (NYSE: CRGY) Trading Performance Indicators
Here are Crescent Energy Co’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.87. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.08. Likewise, its price to free cash flow for the trailing twelve months is 5.70.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.01, a number that is poised to hit 0.35 in the next quarter and is forecasted to reach 1.44 in one year’s time.
Technical Analysis of Crescent Energy Co (CRGY)
The latest stats from [Crescent Energy Co, CRGY] show that its last 5-days average volume of 1.74 million was inferior to 2.35 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 49.57%. Additionally, its Average True Range was 0.39.
During the past 100 days, Crescent Energy Co’s (CRGY) raw stochastic average was set at 71.91%, which indicates a significant increase from 59.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.37% in the past 14 days, which was lower than the 41.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.85, while its 200-day Moving Average is $11.60. Now, the first resistance to watch is $12.84. This is followed by the second major resistance level at $13.14. The third major resistance level sits at $13.42. If the price goes on to break the first support level at $12.25, it is likely to go to the next support level at $11.97. The third support level lies at $11.67 if the price breaches the second support level.
Crescent Energy Co (NYSE: CRGY) Key Stats
With a market capitalization of 2.83 billion, the company has a total of 177,465K Shares Outstanding. Currently, annual sales are 2,383 M while annual income is 67,610 K. The company’s previous quarter sales were 653,280 K while its latest quarter income was 37,550 K.
