On Dec 06, major Wall Street analysts update their ratings for $Crescent Energy (CRGY.US)$, with price targets ranging from $16 to $22.
J.P. Morgan analyst Arun Jayaram maintains with a hold rating, and adjusts the target price from $14 to $16.
Wells Fargo analyst Hanwen Chang maintains with a buy rating, and adjusts the target price from $20 to $21.
Mizuho Securities analyst William Janela maintains with a hold rating.
Raymond James analyst John Freeman maintains with a buy rating, and adjusts the target price from $20 to $22.
Truist Financial analyst Neal Dingmann maintains with a buy rating, and maintains the target price at $18.
Furthermore, according to the comprehensive report, the opinions of $Crescent Energy (CRGY.US)$'s main analysts recently are as follows:
By 2025, it's anticipated that natural gas producers will benefit from three significant secular demand trends: the expansion of substantial liquefied natural gas export capabilities, increased power demand driven by electrification, and transitions from coal to gas. Updated exploration and production models projecting through 2030 suggest a supportive view for long-term gas prices remaining above $3.50 per MMBtu, a necessary adjustment to spur supply growth from the Haynesville and other costlier gas basins. It is anticipated that the oil market dynamics will evolve from balanced conditions in 2024 to a surplus in 2025 due to additional supplies, prompting a shift towards a more defensive market posture.
Crescent Energy persists in pushing forward with its growth-through-acquisition strategy while preserving its leverage targets.
Here are the latest investment ratings and price targets for $Crescent Energy (CRGY.US)$ from 5 analysts:
Note:
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