Siebert Williams Shank & Co analyst Gabriele Sorbara has maintained their bullish stance on CRGY stock, giving a Buy rating on February 18.
Gabriele Sorbara’s rating is based on Crescent Energy Company’s strong financial performance and promising outlook. The company reported positive fourth-quarter results for 2024, with DCFPS, EBITDA, and free cash flow exceeding expectations due to lower capital expenditures and operating costs. Although oil production was slightly below estimates, this was attributed to temporary refinery downtime, and the overall 2025 outlook remains efficient with reduced production guidance being offset by even lower capital expenditures.
Furthermore, Crescent Energy’s valuation is attractive, trading at an EV/EBITDA discount with a higher-than-average free cash flow yield and substantial NAV upside. The company’s strong inventory runway and the potential for upward revisions in its free cash flow guidance, which is significantly above consensus estimates, further support the Buy rating. The acquisition of Ridgemar Energy and a flexible rig program also contribute to the positive outlook for 2025.
In another report released on February 18, Truist Financial also reiterated a Buy rating on the stock with a $21.00 price target.