Crescent Energy price target raised to $18 from $17 at Evercore ISI

Evercore ISI analyst Stephen Richardson raised the firm’s price target on Crescent Energy (CRGY) to $18 from $17 and keeps an Outperform rating on the shares. Since closing on SilverBow mid-year, Crescent has now announced two bolt-on transactions in the Eagle Ford in the past six months, “helping solidify their position as the natural consolidator in the basin,” the analyst tells investors.