Crescent Energy (NYSE:CRGY – Get Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports. The firm currently has a $21.00 price target on the stock. Zacks Investment Research‘s target price points to a potential upside of 12.78% from the stock’s current price.
According to Zacks, “Crescent Energy Company is an independent oil and natural gas company, acquires, explores, develops, exploits and produces crude oil and natural gas properties principally in the shallow waters of the Gulf of Mexico and onshore properties in Texas, Oklahoma, Louisiana and Wyoming in the United States. Crescent Energy Company, formerly known as Contango Oil & Gas Company, is based in FORT WORTH, Texas. “
Separately, Truist Financial assumed coverage on shares of Crescent Energy in a research report on Friday, April 8th. They issued a “buy” rating and a $25.00 price objective for the company.
A number of large investors have recently modified their holdings of the stock. Cutler Group LP acquired a new position in Crescent Energy in the 1st quarter worth approximately $30,000. Rockefeller Capital Management L.P. bought a new position in Crescent Energy in the 4th quarter worth $33,000. Future Financial Wealth Managment LLC bought a new position in Crescent Energy in the 1st quarter worth $35,000. Whittier Trust Co. bought a new position in Crescent Energy in the 1st quarter worth $43,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Crescent Energy during the 4th quarter worth about $65,000. Hedge funds and other institutional investors own 25.92% of the company’s stock.
Crescent Energy Company Profile (Get Rating)
Crescent Energy Company, an energy company, explores for, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. The company holds a portfolio of oil and natural gas assets in key proven basins, including the Eagle Ford, Rockies, Barnett, Permian, Mid-Con, and other basins in the United States.
- Get a free copy of the StockNews.com research report on Crescent Energy (CRGY)
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