Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Crescent Energy Co before investing.

In this article, we go over a few key elements for understanding Crescent Energy Co’s stock price such as:

• Crescent Energy Co’s current stock price and volume
• Why Crescent Energy Co’s stock price changed recently
• Upgrades and downgrades for CRGY from analysts
• CRGY’s stock price momentum as measured by its relative strength

About Crescent Energy Co (CRGY)

Before we jump into Crescent Energy Co’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Crescent Energy Company is an independent energy company. The Company is engaged in the acquiring and developing a portfolio of energy assets. Its asset bases include oil and natural gas assets in onshore United States basins, such as the Eagle Ford, Rockies, Barnett, Permian, and Mid-Con. The Company has a portfolio of assets in various regions across the United States in approximately 48 states, primarily focused on Texas and the Rockies. Its portfolio includes oil and natural gas assets, and operations are located onshore in the United States basins, such as the Eagle Ford, Rockies, Barnett, Permian, and Mid-Con. The Company seeks to invest in energy assets and deliver operations.

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Crescent Energy Co’s Stock Price as of Market Close

As of December 06, 2023, 4:00 PM, CST, Crescent Energy Co’s stock price was $10.95.

Crescent Energy Co is down 4.7% from its previous closing price of $11.49.

During the last market session, Crescent Energy Co’s stock traded between $11.45 and $11.78. Currently, there are 169.76 million shares of Crescent Energy Co stock available for purchase.

Crescent Energy Co’s price-earnings (P/E) ratio is currently at 85.0, which is high compared to the Oil & Gas - Exploration and Production industry median of 7.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Crescent Energy Co Stock Price History

Crescent Energy Co’s (CRGY) price is currently down 3.95% so far this month.

During the month of December, Crescent Energy Co’s stock price has reached a high of $11.79 and a low of $10.95.

Over the last year, Crescent Energy Co has hit prices as high as $14.22 and as low as $9.17. Year to date, Crescent Energy Co’s stock is down 13.64%.

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What Caused Crescent Energy Co Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of December 05, 2023, there were 4 analysts who downgraded Crescent Energy Co’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Crescent Energy Co’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Crescent Energy Co’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Crescent Energy Co’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Crescent Energy Co (CRGY) by visiting AAII Stock Evaluator.

Relative Price Strength of Crescent Energy Co

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of December 05, 2023, Crescent Energy Co has a weighted four-quarter relative price strength of -7.64%, which translates to a Momentum Score of 36 and is considered to be Weak.

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Crescent Energy Co Stock Price: Bottom Line

As of December 6, 2023, Crescent Energy Co’s stock price is $10.95, which is down 4.7% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Crescent Energy Co stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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