Crescent Energy (NYSE:CRGY) Has Announced A Dividend Of $0.12 [Yahoo! Finance]
Crescent Energy Company (CRGY)
Company Research
Source: Yahoo! Finance
Check out our latest analysis for Crescent Energy Even a low dividend yield can be attractive if it is sustained for years on end. Prior to this announcement, Crescent Energy's dividend was making up a very large proportion of earnings, and the company was also not generating any cash flow to offset this. Generally, we think that this would be a risky long term practice. Over the next year, EPS is forecast to expand by 182.4%. If the dividend continues along recent trends, we estimate the payout ratio will be 47%, which would make us comfortable with the sustainability of the dividend, despite the levels currently being quite high. Even in its short history, we have seen the dividend cut. The most recent annual payment of $0.48 is about the same as the annual payment 3 years ago. Modest growth in the dividend is good to see, but we think this is offset by historical cuts to the payments. It is hard to live on a dividend income if the company's earnings are not consistent. Wit
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CRGY
News
- Crescent Energy (NYSE: CRGY) had its price target raised by analysts at Mizuho from $14.00 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- Oil & Gas Stock Roundup: Spotlight on CVX's Capex Plan, EQNR-SHEL JV [Yahoo! Finance]Yahoo! Finance
- Crescent Energy (NYSE: CRGY) had its price target raised by analysts at Truist Financial Co. from $16.00 to $18.00. They now have a "buy" rating on the stock.MarketBeat
- Crescent Energy Announces Pricing of Upsized $400 Million Private Placement of Additional 7.625% Senior Notes Due 2032Business Wire
- Crescent Energy to Strengthen Eagle Ford Presence With New Acquisition [Yahoo! Finance]Yahoo! Finance
CRGY
Earnings
- 11/4/24 - Miss
CRGY
Sec Filings
- 12/20/24 - Form 8-K
- 12/18/24 - Form 4
- 12/13/24 - Form 4
- CRGY's page on the SEC website