How are energy investors positioned?
In a series of transactions reported on March 13, 2025, Michael Duginski, a director at Crescent Energy Co (NYSE:CRGY), acquired a total of 30,000 shares of the company’s Class A common stock over a three-day period. The purchases, which took place on March 11, 12, and 13, were executed at prices ranging from $10.38 to $10.71 per share, amounting to a total investment of approximately $317,180. The timing appears strategic, as InvestingPro data shows the stock trading near its 52-week low of $9.88, with technical indicators suggesting oversold conditions.
The transactions were conducted in the open market, with 4,000 shares purchased on March 11, 6,000 shares on March 12, and an additional 20,000 shares on March 13. Following these acquisitions, Duginski now directly owns 259,607 shares of Crescent Energy, showing significant confidence in the $2.77 billion market cap company that currently offers a 4.48% dividend yield.
These purchases reflect Duginski’s confidence in the company’s prospects as Crescent Energy continues to operate within the crude petroleum and natural gas sector. The transactions were executed in multiple trades, with the reported prices reflecting the weighted average purchase price for each day. Analysts share this optimism, with price targets ranging from $12 to $21 per share. For deeper insights into CRGY’s valuation and growth prospects, access the comprehensive research report available on InvestingPro, which includes additional proprietary metrics and analysis.
In other recent news, Crescent Energy reported its fourth-quarter 2024 earnings, showcasing a significant earnings per share (EPS) beat with $1.08 against the forecasted $0.4616. However, the company experienced a slight revenue miss, with actual revenue at $875.29 million compared to the expected $896.62 million. Crescent Energy generated approximately $260 million in free cash flow and reported $535 million in adjusted EBITDA. The company also announced a dividend of $0.12 per share. In terms of analyst activity, Raymond (NSE:RYMD) James maintained a Strong Buy rating on Crescent Energy but lowered the stock’s price target from $23.00 to $18.00, citing a decline in oil prices and revised capital expenditure estimates. The analysts at Raymond James noted Crescent Energy’s robust projected free cash flow to enterprise value in 2025 and the company’s undervalued trading position. Crescent Energy completed the Ridgemar Energy acquisition and continued to make operational advancements in the Eagle Ford and Uinta regions.
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