Siebert Williams Shank & Co Remains a Buy on Crescent Energy Company Class A (CRGY)

Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Crescent Energy Company Class A on November 28 and set a price target of $14.00. The company’s shares closed last Friday at $9.43.

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Sorbara covers the Energy sector, focusing on stocks such as SM Energy, Chord Energy, and Coterra Energy. According to TipRanks, Sorbara has an average return of 19.2% and a 58.06% 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 $13.20 average price target, a 39.98% upside from current levels. In a report released on November 18, Piper Sandler also maintained a Buy rating on the stock with a $13.00 price target.

Based on Crescent Energy Company Class A’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $866.58 million and a GAAP net loss of $9.51 million. In comparison, last year the company earned a revenue of $744.87 million and had a GAAP net loss of $9.95 million