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Crescent Energy Company Class A (CRGY) Receives a Buy from Siebert Williams Shank & Co

Tipranks - Tipranks - Tue Feb 24, 6:12AM CST

In a report released on February 20, Gabriele Sorbara from Siebert Williams Shank & Co maintained a Buy rating on Crescent Energy Company Class A, with a price target of $14.00. The company’s shares closed last Friday at $10.71.

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Sorbara covers the Energy sector, focusing on stocks such as Coterra Energy, Devon Energy, and CNX Resources. According to TipRanks, Sorbara has an average return of 15.1% and a 63.49% success rate on recommended stocks.

Crescent Energy Company Class A has an analyst consensus of Moderate Buy, with a price target consensus of $12.25, a 14.38% upside from current levels. In a report released on February 4, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $10.50 price target.

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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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