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Piper Sandler Sticks to Its Buy Rating for Crescent Energy Company Class A (CRGY)

Tipranks - Tipranks - Fri Mar 6, 7:03AM CST

Piper Sandler analyst Mark Lear maintained a Buy rating on Crescent Energy Company Class A today and set a price target of $14.00.

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According to TipRanks, Lear is a 4-star analyst with an average return of 5.1% and a 57.45% success rate. Lear covers the Energy sector, focusing on stocks such as Devon Energy, Coterra Energy, and Occidental Petroleum.

In addition to Piper Sandler, Crescent Energy Company Class A also received a Buy from TipRanks – Google’s Google Oil and Gas Exploration and Production in a report issued on March 3. However, on the same day, TipRanks – xAI reiterated a Hold 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 December 31, the company reported a quarterly revenue of $865.05 million and a GAAP net loss of $8.66 million. In comparison, last year the company earned a revenue of $875.29 million and had a GAAP net loss of $118.04 million

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