Raymond James Reaffirms Buy Rating on Crescent Energy
Raymond James maintains its buy rating on Crescent Energy, setting an $18 price target.
Key Points
- Raymond James reiterated its buy rating on Crescent Energy with a price target of $18 on June 18, 2026.
- Crescent Energy trades at $10.78 per share with a market cap of $3.56 billion and a forward P/E of 4.42.
- Insiders like Jerome Hall sold shares in June, while analysts maintain positive outlooks with price targets up to $22.
On June 18, 2026, Raymond James reiterated its buy rating on Crescent Energy Company, listed on the NYSE under the ticker CRGY, with a price target of $18. The reaffirmation comes as Crescent Energy trades at $10.78 per share.
Crescent Energy Stock Snapshot
Shares of NYSE:CRGY are currently trading near $10.78. Crescent Energy Company, with a market cap of approximately $3.56 billion, operates in the oil and gas exploration and production sector. The company has a forward P/E ratio of 4.42 and a beta of 0.883, indicating lower volatility compared to the market. The stock's 52-week range spans from $7.68 to $14.29, and it has a 50-day moving average of $12.454 and a 200-day moving average of $10.3225.
Recent Earnings
Crescent Energy reported revenue of about $3.81 billion, experiencing a growth rate of 24.5%. However, the company faces challenges with a net margin of -7.47% and a return on equity of -5.66%. The next earnings release is expected on August 3, 2026.
Dividend
Crescent Energy pays an annual dividend rate of $0.48, yielding 4.44% at current prices. The dividend payout ratio stands at 88.89%.
Insider Buying and Selling at Crescent Energy Company
Recent insider activity includes sales by Jerome Hall, the Chief Operating Officer, who sold 44,731 shares on June 2, 2026, at an average price of $11.99. Additionally, Liberty Mutual Foundation Inc. sold 32.6 million shares on May 7, 2026, at $12.33 per share.
Analysts Set New Price Targets
On June 18, 2026, Raymond James maintained its buy rating for Crescent Energy with an $18 price target. Mizuho held a neutral stance, maintaining a hold rating with a $15 target on May 27, 2026. Stephens & Co. also reiterated a buy rating with an $18 target on May 5, 2026. The consensus among 14 analysts is a buy rating, with a mean price target of $17.50.
About Crescent Energy
Crescent Energy Company is involved in the exploration and production of oil and natural gas across the United States, focusing on the Eagle Ford, Permian, and Uinta Basins. The company owns various mineral and royalty interests. Headquartered in Houston, Texas, Crescent Energy was founded in 2011 and is led by CEO David C. Rockecharlie. The company employs approximately 1,066 people.
Bottom Line
Raymond James' reaffirmation of a buy rating with an $18 target suggests confidence in Crescent Energy's future potential, despite current challenges. Investors keep a close eye on such analyst ratings as they provide insight into the company's prospects. This review, based on past data, helps inform investment decisions but does not necessarily reflect current or future performance.
See Also
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