Crescent Energy Company is an energy company. The Company’s operations are focused on Texas and the Rockies with active development in the Eagle Ford and Uinta basins. It also operates conventional assets in Wyoming, where it is active in carbon capture, use and storage (CCUS). It is an operator in the Eagle Ford with a proven ability to scale and safely capture operational upside. It operates in both the oil and condensate windows of the Eagle Ford. Its Uinta position has a large inventory of low-risk undeveloped locations with significant resource potential across multiple, prolific formations. The Uinta basin produces high-value crude, and it has secured takeaway capacity into the Salt Lake City refining complex. Its Wyoming operations comprise low-decline conventional production spanning numerous conventional fields. It operates two enhanced oil recovery projects (EOR) in Wyoming.
Turnaround to Loss
The company's performance has turned to a loss, with the latest annual loss of USD 114.61M.%!(EXTRA int=2)
Undervalued
The company’s latest PB is 0.48, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 191.90M shares, decreasing 7.92% quarter-over-quarter.
Held by The Vanguard
Star Investor The Vanguard holds 20.58M shares of this stock.
Higher Market Activity
The company has more investor interest, with a 20-day turnover ratio of 0.22.