Overview
U.S. oil and gas producer's Q1 revenue rose, beating analyst expectations
EPS for Q1 was negative
Company operates in Eagle Ford, Permian and Uinta Basins with balanced portfolio
Outlook
Company did not provide specific guidance for the current quarter or full year
Result Drivers
STRATEGIC FOCUS - Co highlighted its disciplined, acquisition-driven growth strategy and balanced portfolio in key U.S. oil and gas basins
Company press release: ID:nBw5xb4xDa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.18 bln
$1.16 bln (8 Analysts)
Q1 EPS
-$1.28
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas exploration and production peer group is "buy"
Wall Street's median 12-month price target for Crescent Energy Co is $16.50, about 20.4% above its May 4 closing price of $13.71
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
