Crescent Energy Co.’s filing revealed that its 10% Owner KKR Group Partnership L.P. unloaded Company’s shares for reported $64.44 million on Apr 01 ’24. In the deal valued at $10.74 per share,6,000,000 shares were sold. As a result of this transaction, KKR Group Partnership L.P. now holds 0 shares worth roughly $0.0.
Then, Independence Energy Aggregator sold 6,000,000 shares, generating $64,440,000 in total proceeds. Upon selling the shares at $10.74, the 10% Owner now owns 0 shares.
Before that, Kendall Brandi bought 488 shares. Crescent Energy Co. shares valued at $5,407 were divested by the insider at a price of $11.08 per share. As a result of the transaction, Kendall Brandi now holds 21,130 shares, worth roughly $0.22 million.
Tudor Pickering Holt & Co. initiated its Crescent Energy Co. [CRGY] rating to a Buy in a research note published on April 10, 2024; the price target was $18. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Neutral”. Raymond James began covering CRGY with “Strong buy” recommendation on December 05, 2023. Evercore ISI started covering the stock on December 01, 2023. It rated CRGY as “an Outperform”.
Price Performance Review of CRGY
On Friday, Crescent Energy Co. [NYSE:CRGY] saw its stock jump 0.67% to $10.57. Over the last five days, the stock has lost -2.40%. Crescent Energy Co. shares have fallen nearly -19.98% since the year began. Nevertheless, the stocks have fallen -0.38% over the past one year. While a 52-week high of $14.22 was reached on 01/02/24, a 52-week low of $9.17 was recorded on 05/01/24. SMA at 50 days reached $11.22, while 200 days put it at $11.76. A total of 0.94 million shares were traded, compared to the trading of 1.03 million shares in the previous session.
Levels Of Support And Resistance For CRGY Stock
The 24-hour chart illustrates a support level at 10.46, which if violated will result in even more drops to 10.34. On the upside, there is a resistance level at 10.67. A further resistance level may holdings at 10.76. The Relative Strength Index (RSI) on the 14-day chart is 40.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.42%. Stochastics %K at 21.25% indicates the stock is a holding.
The most recent change occurred on September 27, 2023 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $17 price target.
