Devon to exit Eagle Ford with $4.2bn sale to Crescent
By Newsbase analysts Devon Energy (NYSE: DVN) announced last week that it had struck a deal to sell its Eagle Ford assets to ...
Analysis updated on Oct. 15, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Our AI ranks Crescent Energy Co outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Crescent Energy Co is a mid-cap company with a market capitalization of $5.14B. It ranks number 25 by market capitalization among the 60 Crude Petroleum & Natural Gas issuers in our coverage with a current forecast. Its P/E Ratio of 97.71x is the highest of the 29 peers that report one.
For CRGY, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 19.0%, measured on 358 forecast dates between 2022-07-28 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -14.0%, measured on 400 forecast dates between 2022-07-28 and 2026-09-15. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.3%, buy ≥ +0.4%, sell < -0.7%, strong sell < -1.5% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-15 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, CRGY included.
Follow CRGY free90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Crude Petroleum & Natural Gas peers listed below that report each metric.
| Metric | CRGY | Rank |
|---|---|---|
| Market Cap | $5.14B | 25/60 |
| P/E Ratio | 97.71x | 1/29 |
| P/B Ratio | 1.00x | 37/41 |
| Dividend Yield | 2.73% | 11/24 |
| Book Value/Share | $12.88 | – |
| Revenue/Share | $10.77 | – |
| Metric | CRGY | Rank |
|---|---|---|
| ROE | 1.0% | 20/26 |
| ROA | 0.4% | 22/29 |
| ROIC | 8.2% | 19/39 |
| Operating Margin | 20.6% | 18/39 |
| Net Margin | 1.2% | 22/28 |
| EBT Margin | 3.5% | 29/45 |
| Tax Rate | 51.7% | – |
| Metric | CRGY | Rank |
|---|---|---|
| Current Ratio | 0.94x | 29/52 |
| D/E Ratio | 1.33x | 15/46 |
| Financial Leverage | 2.33x | 15/44 |
| Interest Coverage | 5.7x | 28/41 |
| Working Capital | -$65M | 30/52 |
| Metric | CRGY | Rank |
|---|---|---|
| Operating Cash Flow | $1.96B | 17/51 |
| OCF Growth YoY | 23.4% | 15/45 |
| Metric | CRGY | Rank |
|---|---|---|
| Asset Turnover | 0.36x | 23/45 |
| Fixed Assets Turnover | 0.4x | 26/41 |
| Metric | CRGY | Rank |
|---|---|---|
| Total Revenue | $4.31B | 15/48 |
| Operating Income | $886M | 17/42 |
| Net Income | $53M | 23/30 |
| Metric | CRGY | Rank |
|---|---|---|
| Dividends Per Share | $0.35 | – |
| Shares Outstanding | 400M | – |
| Net Income Growth | 108.4% | 5/14 |
| Total Current Assets | $1.10B | 9.2% of assets |
| Cash & Short-term Investments | $265M | 2.2% of assets |
| Total Liabilities | $6.85B | 57.1% of assets |
Companies classified under the same SEC industry code as Crescent Energy Co (Crude Petroleum & Natural Gas): 60 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| CRGY Crescent Energy Co | ▲ | $5.14B |
| TTE Totalenergies Se | ▼ | $197.80B |
| PBR Petrobras - Petroleo Brasileiro Sa | ▶ | $193.05B |
| CNQ Canadian Natural Resources Ltd | ▼ | $107.87B |
| E Eni Spa | ▼ | $94.78B |
| EOG Eog Resources Inc | ▶ | $80.88B |
| CVE Cenovus Energy Inc. | ▼ | $61.44B |
| OXY Occidental Petroleum Corp /De/ | ▼ | $61.39B |
| FANG Diamondback Energy, Inc. | ▲ | $55.31B |
| DVN Devon Energy Corp/De | ▼ | $54.91B |
| WDS Woodside Energy Group Ltd | ▼ | $43.84B |
| EC Ecopetrol S.A. | ▼ | $36.80B |
| EQT Eqt Corp | ▼ | $33.00B |
| EXE Expand Energy Corp | ▼ | $21.70B |
| PR Permian Resources Corp | ▶ | $20.15B |
| OVV Ovintiv Inc. | ▼ | $18.39B |
| APA Apa Corp | ▼ | $16.60B |
| AR Antero Resources Corp | ▼ | $11.26B |
| RRC Range Resources Corp | ▶ | $9.78B |
| SM Sm Energy Co | ▼ | $9.09B |
| CHRD Chord Energy Corp | ▶ | $8.00B |
| MTDR Matador Resources Co | ▶ | $6.83B |
| MGY Magnolia Oil & Gas Corp | ▲ | $5.89B |
| MUR Murphy Oil Corp | ▼ | $5.64B |
| CNX Cnx Resources Corp | ▼ | $5.15B |
| CRC California Resources Corp | ▶ | $4.52B |
| PARR Par Pacific Holdings, Inc. | ▲ | $4.44B |
| CRK Comstock Resources Inc | ▼ | $4.02B |
| HESM Hess Midstream Lp | ▲ | $3.93B |
| BSM Black Stone Minerals, L.P. | ▼ | $3.35B |
| GPOR Gulfport Energy Corp | ▼ | $2.93B |
| TALO Talos Energy Inc. | ▶ | $2.84B |
| NOG Northern Oil & Gas, Inc. | ▶ | $2.80B |
| BKV Bkv Corp | ▼ | $2.53B |
| VET Vermilion Energy Inc. | ▶ | $1.90B |
| MNR Mach Natural Resources Lp | ▲ | $1.82B |
| KOS Kosmos Energy Ltd. | ▲ | $1.61B |
| GFR Greenfire Resources Ltd. | ▲ | $1.58B |
| DMLP Dorchester Minerals, L.P. | ▼ | $1.47B |
| AESI Atlas Energy Solutions Inc. | ▲ | $1.38B |
| DEC Diversified Energy Co | ▶ | $1.04B |
| TBN Tamboran Resources Corp | ▲ | $1000M |
| INR Infinity Natural Resources, Inc. | ▼ | $843M |
| TXO Txo Partners, L.P. | ▲ | $790M |
| TTI Tetra Technologies Inc | ▲ | $789M |
| OBE Obsidian Energy Ltd. | ▲ | $774M |
| GPRK Geopark Ltd | ▶ | $750M |
| VTS Vitesse Energy, Inc. | ▼ | $734M |
| GRNT Granite Ridge Resources, Inc. | ▶ | $652M |
| SOC Sable Offshore Corp. | ▼ | $645M |
| EGY Vaalco Energy Inc /De/ | ▲ | $637M |
| WTI W&T Offshore Inc | ▲ | $551M |
| SD Sandridge Energy Inc | ▲ | $521M |
| GTE Gran Tierra Energy Inc. | ▼ | $380M |
| NUAI New Era Energy & Digital, Inc. | ▶ | $363M |
| REI Ring Energy, Inc. | ▲ | $344M |
| PNRG Primeenergy Resources Corp | ▼ | $336M |
| KGEI Kolibri Global Energy Inc. | ▶ | $227M |
| AMPY Amplify Energy Corp. | ▶ | $180M |
| EPSN Epsilon Energy Ltd. | ▲ | $180M |
By Newsbase analysts Devon Energy (NYSE: DVN) announced last week that it had struck a deal to sell its Eagle Ford assets to ...
The filing was prompted by the closing of an offering by Crescent Energy Co on October 8, 2026. KKR top-level ownership: KKR ...
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Our AI ranks Crescent Energy Co outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
For CRGY, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 19.0%, measured on 358 forecast dates between 2022-07-28 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -14.0%, measured on 400 forecast dates between 2022-07-28 and 2026-09-15. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Crescent Energy Co forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 15, 2026.
60 issuers in our coverage, CRGY included, share the SEC industry code Crude Petroleum & Natural Gas. The largest are: Totalenergies Se (TTE), Petrobras - Petroleo Brasileiro Sa (PBR), Canadian Natural Resources Ltd (CNQ), Eni Spa (E), Eog Resources Inc (EOG), Cenovus Energy Inc. (CVE).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.
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