Crescent Energy Company (CRGY) To Go Ex-Dividend on November 17th

Crescent Energy Company (NYSE:CRGY) announced a quarterly dividend on Monday, November 3rd. Stockholders of record on Monday, November 17th will be given a dividend of 0.12 per share on Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Monday, November 17th.

Crescent Energy has a payout ratio of 31.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Crescent Energy to earn $2.21 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 21.7%.

Crescent Energy Stock Performance

Crescent Energy stock opened at $9.33 on Friday. The stock has a fifty day moving average price of $8.68 and a 200 day moving average price of $8.92. Crescent Energy has a 52 week low of $6.83 and a 52 week high of $16.94. The firm has a market capitalization of $2.37 billion, a P/E ratio of -51.81 and a beta of 1.85. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75.

Crescent Energy (NYSE:CRGY) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $866.58 million during the quarter, compared to analysts’ expectations of $887.54 million. Crescent Energy had a return on equity of 13.35% and a net margin of 0.67%. Equities research analysts anticipate that Crescent Energy will post 0.77 earnings per share for the current year.

Crescent Energy Company Profile

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.