Crescent Energy to Acquire SilverBow in $2.1B Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 16 2024
0mins
Source: WSJ
- Acquisition Deal: SilverBow Resources has agreed to be acquired by Crescent Energy, a Houston-based rival, in a deal valued at $2.1 billion.
- Stock Movement: Following the announcement, shares of SilverBow jumped 11% in premarket trading to $36, while Crescent shares slid 1% to $12.11.
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Analyst Views on CRGY
Wall Street analysts forecast CRGY stock price to fall
9 Analyst Rating
6 Buy
3 Hold
0 Sell
Moderate Buy
Current: 13.100
Low
9.00
Averages
12.25
High
14.00
Current: 13.100
Low
9.00
Averages
12.25
High
14.00
About CRGY
Crescent Energy Company is an energy company. The Company's investing and operating activities are focused on the Eagle Ford, Permian and Uinta basins. It operates in the oil, condensate and dry gas windows of Eagle Ford. Its premier position in the Permian spans both the Midland and Delaware basins. The Permian basin complements its strategy with stable production, low-risk development inventory and meaningful potential for resource expansion and further growth through acquisition opportunities. Its Uinta position has a large inventory of attractive, low-risk undeveloped locations with significant resource potential across multiple, prolific formations. The Uinta basin produces crude, and it sells 100% of its production into the Salt Lake City refining complex. Its minerals focus on Texas and the Rockies with exposure to operators.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Analysis of Stocks Under $50
- Redwire Stock Risks: Redwire (NYSE:RDW) is currently priced at $15.14, and its historically negative EPS raises concerns for conservative investors, while a 14 percentage point decline in free cash flow margin over the past five years indicates increased investments to maintain market position, potentially leading to liquidity issues and the need for additional equity financing that could dilute shareholder value.
- PayPal's Growth Struggles: PayPal (NASDAQ:PYPL) is trading at $44.35, with only 5.3% annual sales growth over the past two years, significantly lagging behind peers, and its 2.8% annual EPS growth has not kept pace with revenue gains, suggesting difficulties in generating incremental demand from its large revenue base, warranting caution from investors.
- Crescent Energy Investment Opportunity: Crescent Energy (NYSE:CRGY) is priced at $13.11, boasting an impressive 41.5% annual revenue growth over the past five years, reflecting significant market share gains, and its superior unit economics yield a gross margin of 59%, making it a free cash flow powerhouse with the flexibility to invest in growth or return capital to shareholders.
- Market Dynamics Observation: In the current market environment, investors should focus on stocks that not only possess high-quality businesses but also pay attention to their recent market movements to seize potential investment opportunities, with StockStory's list of strong momentum stocks being particularly noteworthy.
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Miller Value Partners Acquires Crescent Energy Shares Worth $20.98 Million
- New Position Disclosure: Miller Value Partners disclosed a new position in Crescent Energy on May 15, 2026, acquiring 2,003,132 shares valued at approximately $20.98 million, indicating strong confidence in the company's future prospects.
- Increased Position Value: As of March 31, 2026, the value of Crescent Energy's position rose to $27.04 million, reflecting both the stock price appreciation and the acquisition, suggesting the company is outperforming market expectations.
- Strong Performance: Crescent Energy achieved record production of 341 thousand barrels of oil equivalent per day in the latest quarter, generating $409 million in operating cash flow, showcasing its robust cash generation capabilities and ongoing growth potential.
- Financial Stability: The management has strengthened the balance sheet by refinancing debt at lower rates and extending maturities, maintaining about $2 billion in liquidity, which provides a solid foundation for future expansion and investments.
See More
Crescent Energy (CRGY.US) 10% Stakeholder Plans to Sell $427.06 Million in Common Shares via Form 144
Stock Sale Announcement: Liberty Mutual Foundation Inc. plans to sell 32.6 million shares of Crescent Energy's common stock.
Market Value: The total market value of the shares being sold is approximately $427.06 million.
See More
Crescent Energy (CRGY) Q1 2026 Earnings Transcript
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Crescent Energy Declares Quarterly Dividend of $0.12
- Quarterly Dividend Announcement: Crescent Energy Company has declared a quarterly dividend of $0.12 per share, indicating the company's stable cash flow and profitability in the current market environment, which is likely to attract more income-focused investors.
- Yield Analysis: The forward yield of 3.5% not only provides shareholders with a substantial return but also reflects the company's robust performance in the oil and gas sector, helping to bolster investor confidence.
- Payment Schedule: The dividend will be payable on June 1, with a record date of May 18 and an ex-dividend date also on May 18, ensuring that shareholders can receive their earnings promptly, thereby enhancing their willingness to hold shares.
- Market Reaction Expectations: The dividend announcement from Crescent Energy may trigger a positive market response, especially in the current economic climate, as a stable dividend policy enhances the attractiveness of the company's stock, potentially driving up its price.
See More
Crescent Energy Reports Q1 Earnings Miss Despite Revenue Growth
- Earnings Miss: Crescent Energy reported a Q1 GAAP EPS of -$1.28, missing expectations by $1.63, indicating challenges in profitability that could impact investor confidence moving forward.
- Significant Revenue Growth: Despite the earnings miss, the company achieved revenues of $1.18 billion, reflecting a 24.2% year-over-year increase and surpassing market expectations by $20 million, showcasing strong sales performance and market demand.
- Market Reaction Analysis: The earnings miss may lead to negative impacts on Crescent Energy's stock price, prompting investors to closely monitor the company's future profitability and cost management strategies.
- Investment Strategy Adjustments: Miller Deep Value Strategy increased its positions in Crescent Energy and BLMN during Q1, indicating confidence in their long-term value despite the short-term profitability pressures.
See More
Analysis of Stocks Under $50
- Redwire Stock Risks: Redwire (NYSE:RDW) is currently priced at $15.14, and its historically negative EPS raises concerns for conservative investors, while a 14 percentage point decline in free cash flow margin over the past five years indicates increased investments to maintain market position, potentially leading to liquidity issues and the need for additional equity financing that could dilute shareholder value.
- PayPal's Growth Struggles: PayPal (NASDAQ:PYPL) is trading at $44.35, with only 5.3% annual sales growth over the past two years, significantly lagging behind peers, and its 2.8% annual EPS growth has not kept pace with revenue gains, suggesting difficulties in generating incremental demand from its large revenue base, warranting caution from investors.
- Crescent Energy Investment Opportunity: Crescent Energy (NYSE:CRGY) is priced at $13.11, boasting an impressive 41.5% annual revenue growth over the past five years, reflecting significant market share gains, and its superior unit economics yield a gross margin of 59%, making it a free cash flow powerhouse with the flexibility to invest in growth or return capital to shareholders.
- Market Dynamics Observation: In the current market environment, investors should focus on stocks that not only possess high-quality businesses but also pay attention to their recent market movements to seize potential investment opportunities, with StockStory's list of strong momentum stocks being particularly noteworthy.
See More
Miller Value Partners Acquires Crescent Energy Shares Worth $20.98 Million
- New Position Disclosure: Miller Value Partners disclosed a new position in Crescent Energy on May 15, 2026, acquiring 2,003,132 shares valued at approximately $20.98 million, indicating strong confidence in the company's future prospects.
- Increased Position Value: As of March 31, 2026, the value of Crescent Energy's position rose to $27.04 million, reflecting both the stock price appreciation and the acquisition, suggesting the company is outperforming market expectations.
- Strong Performance: Crescent Energy achieved record production of 341 thousand barrels of oil equivalent per day in the latest quarter, generating $409 million in operating cash flow, showcasing its robust cash generation capabilities and ongoing growth potential.
- Financial Stability: The management has strengthened the balance sheet by refinancing debt at lower rates and extending maturities, maintaining about $2 billion in liquidity, which provides a solid foundation for future expansion and investments.
See More
Crescent Energy (CRGY.US) 10% Stakeholder Plans to Sell $427.06 Million in Common Shares via Form 144
Stock Sale Announcement: Liberty Mutual Foundation Inc. plans to sell 32.6 million shares of Crescent Energy's common stock.
Market Value: The total market value of the shares being sold is approximately $427.06 million.
See More
Crescent Energy (CRGY) Q1 2026 Earnings Transcript
See More
Crescent Energy Declares Quarterly Dividend of $0.12
- Quarterly Dividend Announcement: Crescent Energy Company has declared a quarterly dividend of $0.12 per share, indicating the company's stable cash flow and profitability in the current market environment, which is likely to attract more income-focused investors.
- Yield Analysis: The forward yield of 3.5% not only provides shareholders with a substantial return but also reflects the company's robust performance in the oil and gas sector, helping to bolster investor confidence.
- Payment Schedule: The dividend will be payable on June 1, with a record date of May 18 and an ex-dividend date also on May 18, ensuring that shareholders can receive their earnings promptly, thereby enhancing their willingness to hold shares.
- Market Reaction Expectations: The dividend announcement from Crescent Energy may trigger a positive market response, especially in the current economic climate, as a stable dividend policy enhances the attractiveness of the company's stock, potentially driving up its price.
See More
Crescent Energy Reports Q1 Earnings Miss Despite Revenue Growth
- Earnings Miss: Crescent Energy reported a Q1 GAAP EPS of -$1.28, missing expectations by $1.63, indicating challenges in profitability that could impact investor confidence moving forward.
- Significant Revenue Growth: Despite the earnings miss, the company achieved revenues of $1.18 billion, reflecting a 24.2% year-over-year increase and surpassing market expectations by $20 million, showcasing strong sales performance and market demand.
- Market Reaction Analysis: The earnings miss may lead to negative impacts on Crescent Energy's stock price, prompting investors to closely monitor the company's future profitability and cost management strategies.
- Investment Strategy Adjustments: Miller Deep Value Strategy increased its positions in Crescent Energy and BLMN during Q1, indicating confidence in their long-term value despite the short-term profitability pressures.
See More
