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Piper Sandler Remains a Buy on Crescent Energy Company Class A (CRGY)

Tipranks - Tipranks - Thu Jan 22, 6:24AM CST

In a report released today, Mark Lear from Piper Sandler maintained a Buy rating on Crescent Energy Company Class A, with a price target of $13.00.

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According to TipRanks, Lear is a 4-star analyst with an average return of 3.0% and a 52.22% success rate. Lear covers the Energy sector, focusing on stocks such as Coterra Energy, Devon Energy, and APA.

Currently, the analyst consensus on Crescent Energy Company Class A is a Moderate Buy with an average price target of $12.83.

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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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