Crescent Energy Among The 'Very Best' E&P Companies, Says Analyst: SilverBow Deal Offers 'Clear Synergies'
Crescent Energy Among The 'Very Best' E&P Companies, Says Analyst: SilverBow Deal Offers 'Clear Synergies'
Crescent Energy Co (NYSE:CRGY) inked an agreement to acquire SilverBow Resources Inc (NYSE:SBOW) for $2.1 billion.
Crescent Energy Co（紐交所: CRGY）簽署協議收購SilverBow Resources Inc （紐交所：SBOW），交易價值21億美元。
While the company has been growing mainly through acquisitions, the purchase of SilverBow Resources "is the most impactful to date," according to KeyBanc Capital Markets.
據KeyBanc資本市場稱，儘管該公司一直通過收購進行增長，但SilverBow Resources的收購“是迄今爲止最有影響力的。”
The Crescent Energy Analyst: Tim Rezvan initiated coverage of Crescent Energy with an Overweight rating and price target of $16.
Crescent Energy分析師：Tim Rezvan發起對Crescent Energy的覆蓋，評級爲Overweight，目標價爲16美元。
The Crescent Energy Thesis: The acquisition of SilverBow Resources will add to Crescent Energy's scale and production in the Eagle Ford, Rezvan said in the initiation note.
Rezvan在評級報告中說，SilverBow Resources的收購將增加Crescent Energy在Eagle Ford的規模和產量。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
The purchase offers "clear synergies that can be attained, both financially (lower cost of capital, lower G&A/boe) and operationally (more simul-frac opportunities, best practices in the field and hydrocarbon optionality in the Eagle Ford)," the analyst wrote.
分析師稱，這次購買提供了“明顯的協同效應，包括財務方面（更低的資本成本、更低的油氣單位G&A支出），以及運營方面（更多的滑鐵盧裂縫壓裂機會，現場最佳實踐，Eagle Ford中的烴選擇性）”
The 2025 estimates for Crescent Energy's free cash flow yield ranks "among the very best of any E&P company under coverage," Rezvan stated.
Rezvan表示，到2025年，Crescent Energy的自由現金流收益率“在所覆蓋的任何勘探與生產公司中都排名最高”。
"The increased size of the Company, in addition to more high-quality inventory, warrants multiple expansion," he added.
他補充說：“公司的規模增長，加上更高質量的庫存，有助於多重擴張。”
CRGY Price Action: Shares of Crescent Energy had risen by 0.69% to $11.71 at the time of publication on Thursday.
CRGY價格走勢：週四發佈時，Crescent Energy的股價上漲了0.69%，至11.71美元。
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