Crescent Energy (NYSE:CRGY) Has Affirmed Its Dividend Of $0.12 [Yahoo! Finance]
Crescent Energy Company (CRGY)
Company Research
Source: Yahoo! Finance
This payment means that the dividend yield will be 4.6%, which is around the industry average. Check out our latest analysis for Crescent Energy Crescent Energy Is Paying Out More Than It Is Earning While it is always good to see a solid dividend yield, we should also consider whether the payment is feasible. Prior to this announcement, the dividend made up 281% of earnings, and the company was generating negative free cash flows. Paying out such a large dividend compared to earnings while also not generating free cash flows is a major warning sign for the sustainability of the dividend as these levels are certainly a bit high. The next 12 months is set to see EPS grow by 53.0%. If the dividend continues on its recent course, the company could be paying out several times what it earns in the next 12 months, which could start applying pressure to the balance sheet. Crescent Energy's Dividend Has Lacked Consistency The track record isn't the longest, but we are already seein
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CRGY
News
- Crescent Energy (NYSE: CRGY) had its "outperform" rating re-affirmed by analysts at Evercore ISI. They now have a $17.00 price target on the stock.MarketBeat
- Do Its Financials Have Any Role To Play In Driving Crescent Energy Company's (NYSE:CRGY) Stock Up Recently? [Yahoo! Finance]Yahoo! Finance
- Crescent Energy (CRGY) Stock Moves -0.09%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Crescent Energy (NYSE: CRGY) is now covered by analysts at JPMorgan Chase & Co.. They set a "neutral" rating and a $12.00 price target on the stock.MarketBeat
- Crescent Energy (NYSE: CRGY) had its price target lowered by analysts at Mizuho from $14.00 to $13.00. They now have a "neutral" rating on the stock.MarketBeat
CRGY
Earnings
- 8/5/24 - Beat
CRGY
Sec Filings
- 9/24/24 - Form SD
- 9/9/24 - Form 4
- 9/9/24 - Form 4
- CRGY's page on the SEC website