Crescent Energy Co(CRGY)

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Here Is Why Bargain Hunters Would Love Fast-paced Mover Crescent Energy (CRGY)
ZACKS· 2024-06-12 13:50
Core Insights - The article emphasizes the importance of identifying the right entry point for fast-moving stocks, as they can lose momentum when future growth potential does not justify high valuations [1] - Crescent Energy (CRGY) is highlighted as a strong candidate for investment due to its recent price performance and favorable momentum indicators [2][3] Group 1: Stock Performance and Valuation - CRGY has shown a price increase of 8.4% over the past 12 weeks, indicating strong momentum [2] - The stock is currently trading at a Price-to-Sales ratio of 0.90, suggesting it is undervalued as investors pay only 90 cents for each dollar of sales [4] - CRGY has a Momentum Score of A, indicating a high probability of success for investors looking to capitalize on its momentum [3] Group 2: Market Dynamics and Investor Sentiment - The stock has a beta of 2.2, meaning it moves 120% higher than the market in either direction, reflecting its fast-paced momentum [10] - An upward trend in earnings estimate revisions has contributed to CRGY earning a Zacks Rank 1 (Strong Buy), which typically attracts more investor interest [11] - A recent price change of 0.1% over the past four weeks indicates growing investor interest in CRGY [9] Group 3: Investment Strategy - The article suggests that momentum investors prefer a strategy of "buying high and selling higher," rather than waiting for cheap stocks to recover [7] - The Zacks Momentum Style Score and the 'Fast-Paced Momentum at a Bargain' screen are tools that can help identify attractive momentum stocks [8]
Wall Street Analysts Think Crescent Energy (CRGY) Could Surge 43.44%: Read This Before Placing a Bet
ZACKS· 2024-06-10 14:55
Crescent Energy (CRGY) closed the last trading session at $12.20, gaining 0.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $17.50 indicates a 43.4% upside potential. While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely ...
Wall Street Analysts Believe Crescent Energy (CRGY) Could Rally 40.64%: Here's is How to Trade
zacks.com· 2024-05-23 14:56
Crescent Energy (CRGY) closed the last trading session at $12.18, gaining 13.1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $17.13 indicates a 40.6% upside potential. The average comprises eight short-term price targets ranging from a low of $14 to a high of $20, with a standard deviation of $2.30. While the lowest estimate indicates an increase of 14.9% from the current price ...
Looking for a Fast-paced Momentum Stock at a Bargain? Consider Crescent Energy (CRGY)
zacks.com· 2024-05-23 13:50
Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point for fast-moving stocks, which can lead to limited upside or downside risks [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify potential candidates [3] Group 2: Crescent Energy (CRGY) Analysis - Crescent Energy (CRGY) has shown a price increase of 13.1% over the past four weeks, indicating growing investor interest [4] - The stock has gained 11% over the past 12 weeks and has a beta of 2.29, suggesting it moves 129% higher than the market in either direction [5] - CRGY has a Momentum Score of A, indicating a favorable time to invest based on momentum [6] - The stock has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [7] - CRGY is trading at a Price-to-Sales ratio of 0.88, suggesting it is undervalued at 88 cents for each dollar of sales [7] Group 3: Investment Opportunities - CRGY appears to have significant growth potential and is part of a broader list of stocks that meet the 'Fast-Paced Momentum at a Bargain' criteria [8] - There are over 45 Zacks Premium Screens available for investors to identify winning stock picks based on their personal investing styles [9]
Kuehn Law Encourages CRGY, HMNF, SBOW, and SQSP Investors to Contact Law Firm
Prnewswire· 2024-05-16 21:11
Core Insights - Kuehn Law is investigating potential claims related to proposed mergers involving Crescent Energy Company, HMN Financial, and Squarespace, focusing on whether the boards acted to maximize shareholder value and disclosed material information [1][4]. Group 1: Mergers and Acquisitions - Crescent Energy Company is set to merge with SilverBow Resources, with Crescent shareholders expected to hold approximately 69% to 79% of the merged entity [2]. - SilverBow Resources will provide its shareholders with 3.125 shares of Crescent Class A common stock per SilverBow share, along with an option for cash consideration capped at $400 million [3]. - HMN Financial has agreed to merge with Alerus Financial Corporation, where HMN shareholders will receive 1.25 shares of Alerus common stock for each share of HMN [2]. - Squarespace, Inc. has entered a definitive merger agreement with Permira, which will pay $44.00 per share in cash to Squarespace shareholders [3].
Crescent Energy Co(CRGY) - 2024 Q1 - Earnings Call Transcript
2024-05-07 20:11
Crescent Energy Company (NYSE:CRGY) Q1 2024 Earnings Conference Call May 7, 2024 11:00 AM ET Company Participants Reid Gallagher - Principal, Investor Relations David Rockecharlie - CEO Brandi Kendall - CFO Conference Call Participants Neal Dingmann - Truist Securities Oliver Huang - TPH Jarrod Giroue - Stephens John Freeman - Raymond James Hanwen Chang - Wells Fargo Nevin Mathew - JPMorgan Operator Greetings and welcome to Crescent Energy Q1 2024 Results Conference Call. [Operator Instructions] As a remind ...
Crescent Energy Co(CRGY) - 2024 Q1 - Quarterly Report
2024-05-06 20:26
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ 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 jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 600 Travis Street, Suite 7200 Houston, Texas 77002 (713) 332-7001 (Address, incl ...
Wall Street Analysts Think Crescent Energy (CRGY) Is a Good Investment: Is It?
Zacks Investment Research· 2024-04-25 14:37
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Crescent Energy (CRGY) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Crescent Energy currently has an av ...
Is Most-Watched Stock Crescent Energy Company (CRGY) Worth Betting on Now?
Zacks Investment Research· 2024-04-24 14:00
Crescent Energy (CRGY) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this oil and gas company have returned -3.4% over the past month versus the Zacks S&P 500 composite's -3% change. The Zacks Alternative Energy - Other industry, to which Crescent Energy belongs, has gained 13.6% over this period. Now the key question is: Where could the stock be headed in the near t ...
Crescent Energy (CRGY) Rises As Market Takes a Dip: Key Facts
Zacks Investment Research· 2024-04-19 23:06
In the latest trading session, Crescent Energy (CRGY) closed at $10.97, marking a +1.67% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.88%. Elsewhere, the Dow gained 0.56%, while the tech-heavy Nasdaq lost 2.05%.The oil and gas company's shares have seen a decrease of 6.01% over the last month, not keeping up with the Oils-Energy sector's gain of 2.78% and the S&P 500's loss of 2.57%.The investment community will be closely monitoring the performance of C ...