Truist Financial analyst Neal Dingmann maintained a Buy rating on Crescent Energy Company Class A (CRGY – Research Report) today. The company’s shares closed yesterday at $10.79.
According to TipRanks, Dingmann is a top 100 analyst with an average return of 14.5% and a 72.31% success rate. Dingmann covers the Energy sector, focusing on stocks such as Civitas Resources, Northern Oil And Gas, and Sitio Royalties.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Crescent Energy Company Class A with a $16.67 average price target, a 54.49% upside from current levels. In a report released on April 10, Tudor Pickering also initiated coverage with a Buy rating on the stock with a $18.00 price target.
CRGY market cap is currently $1.94B and has a P/E ratio of 10.76.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRGY in relation to earlier this year. Earlier this month, Independence Energy Aggregator L.P., a Major Shareholder at CRGY sold 6,000,000.00 shares for a total of $64,440,000.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Crescent Energy Company Class A (CRGY) Company Description:
Crescent Energy Co is a diversified, well capitalized, U.S. independent energy company with a portfolio of assets in key proven basins across the lower 48 states.
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