Evercore ISI Maintains a Buy on Crescent Energy (CRGY) With an $11 PT

Crescent Energy Company (NYSE:CRGY) is one of the most oversold energy stocks to buy right now. On July 21, Evercore ISI analyst Stephen Richardson maintained a Buy rating on Crescent Energy Company (NYSE:CRGY) and set a price target of $11.00.

Crescent Energy Company (NYSE:CRGY) delivered solid performance in fiscal Q1 2025, with all key metrics exceeding and meeting guidance expectations. The company generated $337 million in operating cash flow and $242 million in levered free cash flow, which implies an annualized yield of around 45%.

Crescent Energy Company (NYSE:CRGY) also continued to drive operating efficiencies, improving South Texas drilling, completion, and facilities (DC&F) expenses by around 10% compared to 2024.

Crescent Energy Company (NYSE:CRGY) is a differentiated US energy company with operations focused on Texas and the Rockies, with active development in the Eagle Ford and Uinta basins. The company is also involved in the operation of conventional assets in Wyoming, where it focuses on carbon capture, use, and storage (CCUS).

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Disclosure: None. This article is originally published at Insider Monkey.