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.

While we acknowledge the risk and potential of CRGY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRGY and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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