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Crescent Energy (CRGY) Advances But Underperforms Market: Key Facts
ZACKS· 2025-01-10 00:20
Crescent Energy (CRGY) closed the most recent trading day at $15.73, moving +0.06% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.16%. Meanwhile, the Dow gained 0.25%, and the Nasdaq, a tech-heavy index, lost 0.06%.Heading into today, shares of the oil and gas company had gained 6.43% over the past month, outpacing the Oils-Energy sector's loss of 11.11% and the S&P 500's loss of 2.7% in that time.The investment community will be paying close attention to t ...
Crescent Energy Company (CRGY) Hit a 52 Week High, Can the Run Continue?
ZACKS· 2025-01-08 15:15
Have you been paying attention to shares of Crescent Energy (CRGY) ? Shares have been on the move with the stock up 8% over the past month. The stock hit a new 52-week high of $15.72 in the previous session. Crescent Energy has gained 7.6% since the start of the year compared to the 6% move for the Zacks Oils-Energy sector and the 68.5% return for the Zacks Alternative Energy - Other industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed o ...
Is Crescent Energy Company (CRGY) Outperforming Other Oils-Energy Stocks This Year?
ZACKS· 2025-01-07 15:41
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Crescent Energy (CRGY) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Crescent Energy is a member of the Oils-Energy sector. This group includes 250 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank includes 16 different groups and is listed in order from best to w ...
Crescent Energy Co(CRGY) - 2024 Q3 - Quarterly Results
2024-12-03 21:26
Exhibit 99.1 Crescent Energy Reports Third Quarter 2024 Financial and Operating Results, Raises Outlook for Third Consecutive Quarter Houston, November 4, 2024 – Crescent Energy Company (NYSE: CRGY) ("Crescent" or the "Company") today announced financial and operating results for the third quarter of 2024. A supplemental slide deck can be found at www.crescentenergyco.com. The Company plans to host a conference call and webcast at 10 a.m. CT on Tuesday, November 5, 2024. Details can be found in this release ...
Crescent Energy Co(CRGY) - 2024 Q3 - Earnings Call Transcript
2024-11-05 19:08
Crescent Energy Company (NYSE:CRGY) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Reid Gallagher - Investor Relations David Rockecharlie - CEO Brandi Kendall - CFO Clay Rynd - EVP of Investments Conference Call Participants Neal Dingmann - Truist Securities Tim Rezvan - KeyBanc Capital Oliver Huang - TPH & Company Michael Scialla - Stephens John Freeman - Raymond James Arun Jayaram - J.P. Morgan John Abbott - Wolfe Research Michael Furrow - Pickering Energy Operator Gre ...
Crescent Energy (CRGY) Q3 Earnings Top Estimates
ZACKS· 2024-11-05 00:26
Earnings Performance - Crescent Energy reported quarterly earnings of $0 39 per share, beating the Zacks Consensus Estimate of $0 28 per share, representing a 39 29% earnings surprise [1] - The company's earnings per share (EPS) increased from $0 35 per share a year ago [1] - Over the last four quarters, the company has surpassed consensus EPS estimates four times [2] Revenue Performance - Crescent Energy posted revenues of $744 87 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 6 17% [2] - This compares to year-ago revenues of $642 4 million, showing a year-over-year increase [2] - The company has topped consensus revenue estimates three times over the last four quarters [2] Stock Performance - Crescent Energy shares have lost about 7 2% since the beginning of the year, underperforming the S&P 500's gain of 20 1% [3] - The stock's immediate price movement will depend on management's commentary on the earnings call [3] Earnings Outlook - The current consensus EPS estimate is $0 36 on $912 23 million in revenues for the coming quarter [7] - For the current fiscal year, the consensus EPS estimate is $1 36 on $3 01 billion in revenues [7] - The estimate revisions trend for Crescent Energy is currently unfavorable, translating into a Zacks Rank 5 (Strong Sell) [6] Industry Context - Crescent Energy belongs to the Zacks Alternative Energy - Other industry, which is currently in the bottom 28% of the 250 plus Zacks industries [8] - The top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8] Peer Comparison - ReNew Energy Global PLC (RNW), another company in the same industry, is expected to post quarterly earnings of $0 14 per share, representing a year-over-year change of +27 3% [9] - ReNew Energy Global PLC's revenues are expected to be $346 96 million, up 0 6% from the year-ago quarter [9]
Crescent Energy Co(CRGY) - 2024 Q3 - Quarterly Report
2024-11-04 21:27
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-41132 Crescent Energy Company (Exact name of registrant as specified in its charter) Delaware 87-1133610 (State or other jur ...
Crescent Energy (CRGY) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2024-10-29 23:20
Crescent Energy (CRGY) closed at $12.13 in the latest trading session, marking a -0.66% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.16%. Meanwhile, the Dow experienced a drop of 0.37%, and the technology-dominated Nasdaq saw an increase of 0.78%. Prior to today's trading, shares of the oil and gas company had gained 11.51% over the past month. This has outpaced the Oils-Energy sector's loss of 9.36% and the S&P 500's gain of 1.67% in that time. The upcoming earnin ...
New Strong Sell Stocks for October 25th
ZACKS· 2024-10-25 08:51
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Crescent Energy Company (CRGY) is an explorer and producer of oil and natural gas. The Zacks Consensus Estimate for its current year earnings has been revised 5% downward over the last 60 days.DHT Holdings, Inc. (DHT) is an oil tankers company. The Zacks Consensus Estimate for its current year earnings has been revised 11.3% downward over the last 60 days.Liberty Energy Inc. (LBRT) is a hydraulic services provider.The Zacks Consensus ...
3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
MarketBeat· 2024-10-12 11:15
The financial news frequently emphasizes stocks with heavy insider selling, premised on the assumption that insiders believe the stock is overpriced and that they are taking profits ahead of retail investors. However, most of the time, these sales are part of a previously disclosed plan and disclosed to the SEC months in advance. This proves the saying that investors have many reasons to sell a stock, but the same is not necessarily true of insider buying. Typically, insiders have only one reason to buy a s ...