Mizuho raised the firm’s price target on Crescent Energy (CRGY) to $17 from $16 and keeps a Neutral rating on the shares. The firm expects a relatively in-line quarter for Crescent Energy, with oil volumes and pricing near consensus, EBITDX modestly below, and free cash flow ahead of expectations, though the bigger focus will be the 2025 outlook given the recent Ridgemar acquisition and Crescent’s increasingly positive view on natural gas prices and fundamentals, which may prompt some reallocation of capital into gassier EFS areas in 2025 and beyond, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRGY:
- Crescent Energy price target raised to $21 from $18 at Truist
- Crescent Energy price target raised to $17 from $16 at Wolfe Research
- Crescent Energy price target raised to $16 from $14 at Mizuho
- Crescent Energy price target raised to $18 from $17 at Evercore ISI
- Crescent Energy’s Strategic Upsized Public Offering