Crescent EnergyCRGY
About: Crescent Energy Co is 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 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 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 46
66% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 41
50% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]
28% more capital invested
Capital invested by funds: $1.13B [Q2] → $1.45B (+$316M) [Q3]
11% more funds holding
Funds holding: 211 [Q2] → 234 (+23) [Q3]
4.38% less ownership
Funds ownership: 85.6% [Q2] → 81.22% (-4.38%) [Q3]
27% less call options, than puts
Call options by funds: $3.15M | Put options by funds: $4.34M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Raymond James John Freeman 16% 1-year accuracy 3 / 19 met price target | 52%upside $23 | Strong Buy Maintained | 23 Jan 2025 |
Mizuho William Janela 36% 1-year accuracy 9 / 25 met price target | 12%upside $17 | Neutral Maintained | 14 Jan 2025 |
Truist Securities Neal Dingmann 35% 1-year accuracy 55 / 157 met price target | 39%upside $21 | Buy Maintained | 13 Jan 2025 |
Financial journalist opinion
Based on 8 articles about CRGY published over the past 30 days
