Crescent EnergyCRGY
Market Cap: 1.35B
About: Crescent Energy Co an independent energy company with a portfolio of assets in key basins across the lower 48 states. The company maintains a diverse portfolio of assets in key proven basins across the United States, including the Eagle Ford, Rockies, Barnett, Permian, and Mid-Con. It seeks to deliver attractive risk-adjusted investment returns and predictable cash flows across cycles with a focus on operated oil and gas assets complemented by non‐operated assets, mineral and royalty interests, and midstream infrastructure.
Employees: 904
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
81% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 27
34% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 47
20% more capital invested
Capital invested by funds: $750M [Q4 2023] → $902M (+$152M) [Q1 2024]
17.41% more ownership
Funds ownership: 65.31% [Q4 2023] → 82.72% (+17.41%) [Q1 2024]
13% more funds holding
Funds holding: 166 [Q4 2023] → 188 (+22) [Q1 2024]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q4 2023] → 2 (+0) [Q1 2024]
36% less call options, than puts
Call options by funds: $3.41M | Put options by funds: $5.36M
Research analyst outlook
8 Wall Street Analysts provided 1 year price forecasts over the past 6 months
8 analyst ratings
Truist Securities Neal Dingmann | 57%upside $19 | Buy Maintained | 22 Jul 2024 |
Keybanc Tim Rezvan | 32%upside $16 | Overweight Initiated | 27 Jun 2024 |
Truist Securities Neal Dingmann | 65%upside $20 | Buy Maintained | 23 May 2024 |
Mizuho William Janela | 16%upside $14 | Neutral Maintained | 13 May 2024 |
Wells Fargo Roger Read | 65%upside $20 | Overweight Maintained | 22 Apr 2024 |
Financial journalist opinion
Based on 14 articles about CRGY published over the past 30 days