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Jefferies Sticks to Their Hold Rating for Crescent Energy Company Class A (CRGY)

Tipranks - Tipranks - Mon Jan 26, 4:48PM CST

In a report released today, Lloyd Byrne from Jefferies maintained a Hold rating on Crescent Energy Company Class A, with a price target of $9.00.

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Byrne covers the Energy sector, focusing on stocks such as Baker Hughes Company, Cenovus Energy, and Ovintiv. According to TipRanks, Byrne has an average return of 17.4% and a 55.63% success rate on recommended stocks.

In addition to Jefferies, Crescent Energy Company Class A also received a Hold from Mizuho Securities’s William Janela in a report issued on January 21. However, on January 23, KeyBanc maintained a Buy rating on Crescent Energy Company Class A (NYSE: CRGY).

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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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