64,906 Shares in Crescent Energy (NYSE:CRGY) Bought by Moody National Bank Trust Division

Moody National Bank Trust Division acquired a new position in shares of Crescent Energy (NYSE:CRGY) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 64,906 shares of the company’s stock, valued at approximately $769,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CRGY. GAMMA Investing LLC increased its position in Crescent Energy by 186.5% during the first quarter. GAMMA Investing LLC now owns 4,507 shares of the company’s stock worth $54,000 after buying an additional 2,934 shares in the last quarter. Amalgamated Bank grew its position in shares of Crescent Energy by 58.5% in the fourth quarter. Amalgamated Bank now owns 7,444 shares of the company’s stock valued at $98,000 after purchasing an additional 2,748 shares during the period. J.W. Cole Advisors Inc. purchased a new stake in shares of Crescent Energy in the fourth quarter valued at $136,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Crescent Energy in the fourth quarter valued at $139,000. Finally, Carson Advisory Inc. purchased a new stake in shares of Crescent Energy in the fourth quarter valued at $144,000. 52.11% of the stock is owned by institutional investors and hedge funds.

Crescent Energy Stock Down 5.7 %

Shares of NYSE:CRGY traded down $0.62 during trading on Monday, hitting $10.20. The company’s stock had a trading volume of 5,203,843 shares, compared to its average volume of 2,008,357. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 0.75. Crescent Energy has a fifty-two week low of $9.88 and a fifty-two week high of $14.22. The stock’s 50-day moving average price is $12.06 and its two-hundred day moving average price is $11.59. The company has a market capitalization of $1.81 billion, a PE ratio of -50.98 and a beta of 2.32.

Crescent Energy (NYSE:CRGY) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.28. The firm had revenue of $657.47 million during the quarter, compared to analyst estimates of $579.44 million. Crescent Energy had a positive return on equity of 12.90% and a negative net margin of 0.67%. As a group, sell-side analysts expect that Crescent Energy will post 1.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. KeyCorp assumed coverage on Crescent Energy in a research report on Thursday, June 27th. They issued an “overweight” rating and a $16.00 price objective for the company. Mizuho boosted their price target on Crescent Energy from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Wolfe Research initiated coverage on Crescent Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $16.00 price target for the company. Wells Fargo & Company boosted their price target on Crescent Energy from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Finally, Truist Financial lowered their price target on Crescent Energy from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Crescent Energy currently has a consensus rating of “Buy” and a consensus price target of $16.40.

About Crescent Energy

Crescent Energy Company acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. Its portfolio of assets comprises mid-cycle unconventional and conventional assets in the Eagle Ford and Uinta Basins. It also owns and operates various midstream assets, which provide services to customers.