KeyBanc Reiterates a Buy Rating on Crescent Energy Company (CRGY)

Crescent Energy Company (NYSE:CRGY) is one of the top oversold NYSE stocks to buy now. KeyBanc analyst Tim Rezvan reiterated a Buy rating on Crescent Energy Company (NYSE:CRGY) on August 5 without a price target.

The rating update came after Crescent Energy Company (NYSE:CRGY) reported its fiscal Q2 2025 results on August 4, exhibiting robust financial performance with all metrics surpassing expectations.

Crescent Energy Company (NYSE:CRGY) generated $499 million in operating cash flow and $171 million in levered free cash flow.

The company also drove continued operating efficiencies, improving drilling, completion, and facilities (DC&F) expenses by around 15% across South Texas and the Uinta when compared to 2024.

Management further reported that Crescent Energy Company (NYSE:CRGY) closed around a “$72 million accretive minerals acquisition” on July 31, adding “complementary assets” to its existing minerals portfolio.

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.