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Crescent Energy Company Class A ( (CRGY) ) has issued an update.
On January 31, 2025, Crescent Energy Company announced the successful completion of its acquisition of Central Eagle Ford assets from Ridgemar Energy for $905 million, which includes cash and shares, along with contingent future considerations. This strategic acquisition aims to enhance Crescent’s oil-weighted production and extend its low-risk inventory, thereby strengthening the company’s financial profile and reinforcing its capacity to maintain sustained cash flow and returns, aligning with its strategy for profitable growth and investment-grade ambitions.
More about Crescent Energy Company Class A
Crescent Energy Company is a U.S.-based energy firm committed to generating shareholder value through a disciplined growth strategy centered on acquisitions and consistent capital returns. The company’s portfolio includes unconventional and conventional assets with a focus on the Eagle Ford and Uinta basins, featuring a long reserve life and a robust inventory of high-return development locations.
YTD Price Performance: 3.83%
Average Trading Volume: 3,191,392
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.91B
For an in-depth examination of CRGY stock, go to TipRanks’ Stock Analysis page.
