Crescent Energy (CRGY) Rallies for 5th Day on Higher Oil, Gas Prices, Upcoming Dividend

We recently published 10 Stocks on a Hot Streak. Crescent Energy Company (NYSE:CRGY) is one of the best-performing stocks on Tuesday.

Crescent Energy extended its winning streak to a 5th straight day on Tuesday, jumping 8.15 percent to close at $9.69 apiece amid higher oil and gas prices, while investors gobbled up shares ahead of a dividend record date.

As of writing, prices of natural gas were up by 5.23 percent at $4.57/MMBtu, while Brent and WTI—the benchmark indices for crude oil—jumped by 1.65 percent and 1.51 percent, respectively, to $65.12 and $61.04 per barrel, as a result of President Donald Trump’s sanctions against Russian oil firms over the war in Ukraine.

Additionally, the industry typically sees a pickup in power demand during the winter season over the increasing consumption from households for heating appliances.

In other news, Crescent Energy Company (NYSE:CRGY) recently announced the results of its earnings performance in the third quarter of the year, where net loss narrowed by 4 percent to $9.5 million from $9.9 million in the same period last year. Revenues increased by 16.3 percent to $866 million from $744.9 million year-on-year.

Meanwhile, common shareholders of Crescent Energy Company (NYSE:CRGY) as of November 17 are expected to receive $0.12 worth of dividends for every share held, payable on December 1, 2025.

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Disclosure: None. This article is originally published at Insider Monkey.