NYSE:CRGYOil and Gas
Crescent Energy (CRGY): Revisiting Valuation After Mixed Q3 Results and Higher Capital Spending Guidance
Crescent Energy (CRGY) is back in focus after Q3 results showed revenue up about 16% year over year, yet still shy of forecasts, and management lifted full year capital spending guidance on the back of efficiencies and divestiture cash.
See our latest analysis for Crescent Energy.
The mixed Q3 update seems to be nudging sentiment off the lows, with a roughly 21% 3 month share price return contrasting against a still weak 1 year total shareholder return of around negative 28%. This suggests...