CRGY stock icon

Crescent Energy
CRGY

$12.2
1.29%
 

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

0
Funds holding %
of 6,689 funds
0
Analysts bullish %
of 8 analysts
0
News positive %
of 15 articles

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

37% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 46

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]

59% less call options, than puts

Call options by funds: $1.74M | Put options by funds: $4.23M

Research analyst outlook

8 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$13
7%
upside
Avg. target
$16.5
35%
upside
High target
$20
64%
upside

8 analyst ratings

positive
63%
neutral
38%
negative
0%
Truist Securities
Neal Dingmann
64%upside
$20
Buy
Maintained
23 May 2024
Mizuho
William Janela
15%upside
$14
Neutral
Maintained
13 May 2024
Wells Fargo
Roger Read
64%upside
$20
Overweight
Maintained
22 Apr 2024
Truist Securities
Neal Dingmann
56%upside
$19
Buy
Maintained
5 Apr 2024
Mizuho
William Janela
7%upside
$13
Neutral
Reiterated
22 Mar 2024

Financial journalist opinion

Based on 15 articles about CRGY published over the past 30 days