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Crescent Energy Co (CRGY) receives an Outperform rating from Pickering Energy Partners

In a filing, Crescent Energy Co revealed its insider Shi Bo acquired Company’s shares for reported $10574.0 on Sep 05 ’24. In the deal valued at $11.13 per share,950 shares were bought. As a result of this transaction, Shi Bo now holds 45,811 shares worth roughly $0.66 million.

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Then, Falk Todd bought 1,000 shares, generating $11,240 in total proceeds. Upon buying the shares at $11.24, the insider now owns 7,000 shares.

Before that, Rockecharlie David C. bought 10,000 shares. Crescent Energy Co shares valued at $110,700 were divested by the insider at a price of $11.07 per share. As a result of the transaction, Rockecharlie David C. now holds 110,000 shares, worth roughly $1.58 million.

Pickering Energy Partners initiated its Crescent Energy Co [CRGY] rating to an Outperform in a research note published recently. JP Morgan began covering CRGY with “Neutral” recommendation on September 18, 2024.

Price Performance Review of CRGY

On Monday, Crescent Energy Co [NYSE:CRGY] saw its stock jump 1.41% to $14.40. Over the last five days, the stock has lost -2.90%. Crescent Energy Co shares have risen nearly 9.01% since the year began. Nevertheless, the stocks have risen 28.57% over the past one year. While a 52-week high of $15.54 was reached on 11/22/24, a 52-week low of $9.88 was recorded on 08/05/24. SMA at 50 days reached $13.36, while 200 days put it at $11.99.

Levels Of Support And Resistance For CRGY Stock

The 24-hour chart illustrates a support level at 14.18, which if violated will result in even more drops to 13.96. On the upside, there is a resistance level at 14.60. A further resistance level may holdings at 14.81. The Relative Strength Index (RSI) on the 14-day chart is 54.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.86%. Stochastics %K at 31.36% indicates the stock is a holding.

How much short interest is there in Crescent Energy Co?

A steep rise in short interest was recorded in Crescent Energy Co stocks on 2024-11-15, dropping by -2.79 million shares to a total of 17.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 19.85 million shares. There was a decline of -16.34%, which implies that there is a negative sentiment for the stock.

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