Crescent Energy (CRGY) Gains on Positive Analyst Coverage

Key Highlights:

• Crescent Energy (CRGY, Financial) receives an Overweight rating from Piper Sandler with a $14 price target.
• The company is strategically shifting towards gas, leveraging counter-cyclical M&A opportunities.
• Recent acquisitions have driven an impressive 31% revenue growth over two years.

Crescent Energy’s Strategic Moves and Analyst Ratings

Crescent Energy (CRGY) saw a notable increase of 0.8% as Piper Sandler initiated coverage with an Overweight rating, setting a $14 target. This rating underscores Crescent’s proactive transition towards gas, coupled with its keen eye on counter-cyclical M&A opportunities. The company’s focus on acquisitions, totaling $3 billion over two years, has resulted in a remarkable 31% revenue growth, spotlighting its robust strategic direction.

Wall Street Analysts Forecast

According to projections from 12 analysts, Crescent Energy Co (CRGY, Financial) is poised for a one-year average target price of $14.00. Expectations range from a high of $20.00 to a low of $10.00, suggesting a potential upside of 53.93% from its current price of $9.10. For a more comprehensive analysis, visit the Crescent Energy Co (CRGY) Forecast page.

Brokerage Recommendations and GF Value Estimate

The consensus among 13 brokerage firms positions Crescent Energy Co (CRGY, Financial) with an average recommendation of 1.8, indicating an “Outperform” status. This rating scale interprets 1 as a Strong Buy and 5 as a Sell, positioning Crescent favorably among investors.

GuruFocus’ GF Value estimate for Crescent Energy Co (CRGY, Financial) in the coming year stands at $10.46, reflecting a projected upside of 15.01% from the current trading price of $9.095. The GF Value represents the fair market value, derived from the stock’s historical trading multiples, past business growth, and anticipated future performance. Explore further details on the Crescent Energy Co (CRGY) Summary page.