Truist Financial Sticks to Their Buy Rating for Crescent Energy Company Class A (CRGY)

In a report released today, Neal Dingmann from Truist Financial maintained a Buy rating on Crescent Energy Company Class A (CRGY – Research Report). The company’s shares closed yesterday at $11.64.

According to TipRanks, Dingmann is a 5-star analyst with an average return of 12.0% and a 69.46% success rate. Dingmann covers the Energy sector, focusing on stocks such as APA, Civitas Resources, and Devon Energy.

Currently, the analyst consensus on Crescent Energy Company Class A is a Moderate Buy with an average price target of $16.25, implying a 39.60% upside from current levels. In a report released on May 7, Wells Fargo also maintained a Buy rating on the stock with a $20.00 price target.

Based on Crescent Energy Company Class A’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $657.73 million and a GAAP net loss of $140.28 million. In comparison, last year the company earned a revenue of $684.76 million and had a net profit of $329.8 million

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. Last 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.