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HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”), today announced the closing of its acquisition of Central Eagle Ford assets from Ridgemar Energy for upfront consideration of $905 million, consisting of $830 million in cash and 5,454,546 shares of Class A common stock, plus future oil price contingent consideration, subject to customary purchase price adjustments. Crescent plans to provide 2025 guidance reflecting the acquisition along with its fourt.
Crescent Energy (CRGY) closed at $15.45 in the latest trading session, marking a -1.21% move from the prior day.
Here is how Crescent Energy (CRGY) and Kodiak Gas Services (KGS) have performed compared to their sector so far this year.
Crescent Energy (CRGY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Two oil and gas stocks hit 52-week highs as energy prices popped Friday. The stocks are in buy zones while a medical device stock climbed.
In the latest trading session, Crescent Energy (CRGY) closed at $15.73, marking a +0.06% move from the previous day.
Crescent Energy (CRGY) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Here is how Crescent Energy (CRGY) and Kodiak Gas Services (KGS) have performed compared to their sector so far this year.
Say hello to the index effect.
Shares of Crescent Energy Co (CRGY, Financial) surged 10.88% in mid-day trading on Oct 2. The stock reached an intraday high of $12.49, before settling at $12.39, up from its previous close of $11.17.