KeyBanc Keeps Their Buy Rating on Crescent Energy Company Class A (CRGY)

KeyBanc analyst Tim Rezvan maintained a Buy rating on Crescent Energy Company Class A yesterday and set a price target of $19.00. The company’s shares closed yesterday at $12.20.

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Rezvan covers the Energy sector, focusing on stocks such as National Fuel Gas Company, Kimbell Royalty Partners, and Texas Pacific Land. According to TipRanks, Rezvan has an average return of -3.2% and a 43.49% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Crescent Energy Company Class A with a $18.00 average price target.

Based on Crescent Energy Company Class A’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.18 billion and a GAAP net loss of $419.85 million. In comparison, last year the company earned a revenue of $950.17 million and had a GAAP net loss of $2.15 million

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRGY in relation to earlier this year. Last month, Marcus Rowland, a Director at CRGY sold 40,000.00 shares for a total of $530,000.00.