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Analysts Offer Insights on Energy Companies: Targa Resources (TRGP) and Crescent Energy Company Class A (CRGY)

Tipranks - Tipranks - Fri Jun 12, 4:28AM CDT

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Targa Resources (TRGP) and Crescent Energy Company Class A (CRGY) with bullish sentiments.

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Targa Resources (TRGP)

In a report issued on June 9, Robert Kad from Morgan Stanley maintained a Buy rating on Targa Resources, with a price target of $331.00. The company’s shares closed last Wednesday at $272.54.

According to TipRanks.com, Kad is a 4-star analyst with an average return of 8.5% and a 59.4% success rate. Kad covers the NA sector, focusing on stocks such as Enterprise Products Partners, Western Midstream Partners, and Hess Midstream Partners. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Targa Resources with a $280.73 average price target, which is a 5.9% upside from current levels. In a report issued on May 27, Bank of America Securities also maintained a Buy rating on the stock with a $300.00 price target.

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Crescent Energy Company Class A (CRGY)

KeyBanc analyst Tim Rezvan maintained a Buy rating on Crescent Energy Company Class A today and set a price target of $19.00. The company’s shares closed last Wednesday at $11.71.

According to TipRanks.com, Rezvan ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -3.7% and a 42.4% success rate. Rezvan covers the NA sector, focusing on stocks such as Infinity Natural Resources, Inc. Class A, Mach Natural Resources LP, and National Fuel Gas Company. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Crescent Energy Company Class A with a $18.00 average price target.

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