Crescent EnergyCRGY
Market Cap: $1.73B
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 Q2 SEC filings by fund managers ($100M+ AUM)
105% more call options, than puts
Call options by funds: $18.2M | Put options by funds: $8.91M
98% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 42
53% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 36
23% more capital invested
Capital invested by funds: $908M [Q1] → $1.12B (+$208M) [Q2]
10% more funds holding
Funds holding: 191 [Q1] → 210 (+19) [Q2]
1.15% more ownership
Funds ownership: 83.34% [Q1] → 84.49% (+1.15%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Wells Fargo Hanwen Chang 10% 1-year accuracy 1 / 10 met price target | 96%upside $21 | Overweight Maintained | 5 Sept 2024 |
Stephens & Co. Mike Scialla 24% 1-year accuracy 5 / 21 met price target | 87%upside $20 | Overweight Reiterated | 6 Aug 2024 |
Truist Securities Neal Dingmann 31% 1-year accuracy 40 / 131 met price target | 77%upside $19 | Buy Maintained | 22 Jul 2024 |
Keybanc Tim Rezvan 26% 1-year accuracy 9 / 35 met price target | 49%upside $16 | Overweight Initiated | 27 Jun 2024 |
Financial journalist opinion
Based on 3 articles about CRGY published over the past 30 days