Crescent Energy (NYSE:CRGY) Raised to Overweight at JPMorgan Chase & Co.

Crescent Energy (NYSE:CRGY) was upgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report issued on Friday, Marketbeat reports. The firm presently has a $19.00 target price on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 50.14% from the stock’s current price.

CRGY has been the subject of a number of other reports. Wells Fargo & Company increased their price target on shares of Crescent Energy from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Tuesday, March 17th. Piper Sandler boosted their price objective on shares of Crescent Energy from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Jefferies Financial Group reaffirmed a “hold” rating and set a $9.00 price objective on shares of Crescent Energy in a research report on Sunday, January 25th. Mizuho increased their target price on shares of Crescent Energy from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Finally, BMO Capital Markets began coverage on Crescent Energy in a research report on Friday, January 9th. They set a “market perform” rating and a $10.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Crescent Energy presently has an average rating of “Moderate Buy” and a consensus price target of $13.78.

Crescent Energy Trading Up 3.3%

Shares of CRGY stock opened at $12.66 on Friday. Crescent Energy has a fifty-two week low of $6.83 and a fifty-two week high of $12.94. The stock has a market capitalization of $4.15 billion, a P/E ratio of 24.34 and a beta of 1.57. The stock has a 50-day simple moving average of $10.31 and a 200 day simple moving average of $9.30. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.07.

Crescent Energy (NYSE:CRGY) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.19. The company had revenue of $865.05 million during the quarter, compared to analysts’ expectations of $884.64 million. Crescent Energy had a return on equity of 8.36% and a net margin of 3.71%. On average, sell-side analysts expect that Crescent Energy will post 0.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Crescent Energy

Several institutional investors and hedge funds have recently bought and sold shares of CRGY. Corient Private Wealth LLC raised its stake in shares of Crescent Energy by 62.6% in the 4th quarter. Corient Private Wealth LLC now owns 28,731 shares of the company’s stock valued at $241,000 after buying an additional 11,063 shares in the last quarter. Alpine Global Management LLC acquired a new stake in shares of Crescent Energy during the 4th quarter valued at about $183,000. MidFirst Bank bought a new stake in Crescent Energy in the fourth quarter valued at about $232,000. Sunbelt Securities Inc. increased its stake in Crescent Energy by 9.7% in the fourth quarter. Sunbelt Securities Inc. now owns 150,343 shares of the company’s stock valued at $1,261,000 after acquiring an additional 13,344 shares during the period. Finally, Invesco Ltd. raised its position in Crescent Energy by 38.8% in the fourth quarter. Invesco Ltd. now owns 2,260,663 shares of the company’s stock worth $18,967,000 after purchasing an additional 632,147 shares in the last quarter. Institutional investors own 52.11% of the company’s stock.

Key Headlines Impacting Crescent Energy

Here are the key news stories impacting Crescent Energy this week:

• Positive Sentiment: JPMorgan upgraded CRGY from “neutral” to “overweight” and set a $19.00 price target (roughly +50% upside vs recent levels), which is a major catalyst for buying interest. Read More. Read More.
• Positive Sentiment: Unusual options activity: traders bought 4,578 call options (up 128% vs average daily call volume), signaling speculative or hedged bullish bets that can amplify upside momentum in the underlying shares.
• Positive Sentiment: Broker optimism: Wells Fargo publicly forecasted strong price appreciation for CRGY, and brokerages collectively show a consensus “Moderate Buy,” adding institutional credibility to the rally. Read More. Read More.
• Positive Sentiment: Technical/market action: reports note CRGY hit a new 52-week high after the analyst upgrade, which can attract momentum and ETF/quant flows that buy stocks breaking to new highs. Read More.
• Neutral Sentiment: Capital-structure item: a recent ESOP shelf filing has drawn attention — this could be part of employee-compensation planning or a mechanism to issue equity in the future. Impact depends on whether shares are issued (possible dilution) or used minimally; for now it’s informational. Read More.

About Crescent Energy

Crescent Energy Co (NYSE: CRGY) is an independent exploration and production company focused on the acquisition, development and production of oil and natural gas resources in North America. Headquartered in Oklahoma City, the company’s core business activities include the identification and appraisal of prospective acreage, the design and execution of drilling and completion programs, and the ongoing operation and optimization of producing wells. Crescent Energy’s integrated approach emphasizes capital efficiency, reservoir quality and operational reliability to support sustainable cash flow generation over the commodity cycle.

Crescent Energy’s operations are concentrated in the Permian Basin, with a particular focus on the Delaware Basin’s stacked pay intervals.