Siebert Williams Shank & Co Sticks to Its Buy Rating for Crescent Energy Company Class A (CRGY)
In a report released on December 19, Gabriele Sorbara from Siebert Williams Shank & Co reiterated a Buy rating on Crescent Energy Company Class A, with a price target of $14.00. The company’s shares closed yesterday at $8.05.
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According to TipRanks, Sorbara is a 5-star analyst with an average return of 16.5% and a 55.21% success rate. Sorbara covers the Energy sector, focusing on stocks such as SM Energy, Infinity Natural Resources, Inc. Class A, and Comstock Resources.
Currently, the analyst consensus on Crescent Energy Company Class A is a Strong Buy with an average price target of $13.50, implying a 67.70% upside from current levels. In a report released yesterday, Piper Sandler also reiterated 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
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