Crescent Energy vs. Hot Oil Stocks

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Is Crescent Energy Company (CRGY) the Best Hot Oil Stock to Buy According to Hedge Funds?

Summary

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79% Informative

The United States of America is currently producing more oil and gas than any other country in the world.

The country’s oil production has surged by almost 50% in the last ten years , reaching just over 13.45 million barrels per day in October 2024 .

Next on our list of Hot Oil Stocks to Buy is Crescent Energy Company (NYSE:CRGY), a company with operations focused in the Rockies and Wyoming .

Crescent Energy Company (NYSE:CRGY) had a solid Q3 2024 and reported record production of 219,000 barrels of oil equivalent per day.

The company reported a revenue of approx. $744.9 million during the quarter , up almost 16% YoY but still missing the analysts’ estimates by $33.18 million .

Crescent Energy maintains a strong balance sheet with $1.5 billion of liquidity.

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