Financial Review: ReNew Energy Global (NASDAQ:RNW) versus Crescent Energy (NYSE:CRGY)

ReNew Energy Global (NASDAQ:RNW) and Crescent Energy (NYSE:CRGY) are both mid-cap energy companies, but which is the better stock? We will contrast the two companies based on the strength of their institutional ownership, analyst recommendations, earnings, dividends, profitability, valuation and risk.

Valuation and Earnings

This table compares ReNew Energy Global and Crescent Energy”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
ReNew Energy Global	$1.14 billion	1.79	$45.00 million	$0.42	13.38
Crescent Energy	$3.58 billion	1.13	$132.91 million	($0.75)	-16.51

Crescent Energy has higher revenue and earnings than ReNew Energy Global. Crescent Energy is trading at a lower price-to-earnings ratio than ReNew Energy Global, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares ReNew Energy Global and Crescent Energy’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
ReNew Energy Global	6.95%	10.50%	1.45%
Crescent Energy	-7.47%	8.10%	3.47%

Volatility and Risk

ReNew Energy Global has a beta of 1.07, suggesting that its stock price is 7% more volatile than the S&P 500. Comparatively, Crescent Energy has a beta of 1.44, suggesting that its stock price is 44% more volatile than the S&P 500.

Analyst Ratings

This is a breakdown of recent recommendations and price targets for ReNew Energy Global and Crescent Energy, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
ReNew Energy Global	1	1	0	0	1.50
Crescent Energy	1	3	8	2	2.79

ReNew Energy Global currently has a consensus target price of $6.52, indicating a potential upside of 15.93%. Crescent Energy has a consensus target price of $15.73, indicating a potential upside of 26.99%. Given Crescent Energy’s stronger consensus rating and higher possible upside, analysts clearly believe Crescent Energy is more favorable than ReNew Energy Global.

Institutional and Insider Ownership

43.6% of ReNew Energy Global shares are held by institutional investors. Comparatively, 52.1% of Crescent Energy shares are held by institutional investors. 8.7% of ReNew Energy Global shares are held by insiders. Comparatively, 13.2% of Crescent Energy shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Summary

Crescent Energy beats ReNew Energy Global on 10 of the 15 factors compared between the two stocks.

About ReNew Energy Global

ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through two segments: Wind Power and Solar Power. It develops, builds, owns, and operates utility scale wind and solar energy, hydro energy, and utility-scale firm power projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers. The company provides engineering, procurement, and construction services; operation and maintenance services; consultancy services; and sells renewable energy certificates. ReNew Energy Global Plc was founded in 2011 and is based in London, the United Kingdom.

About Crescent Energy

Crescent Energy Company acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. Its portfolio of assets comprises mid-cycle unconventional and conventional assets in the Eagle Ford and Uinta Basins. It also owns and operates various midstream assets, which provide services to customers. The company is based in Houston, Texas.