Crescent Energy (CRGY) Price Target Cut by Piper Sandler

The share price of Crescent Energy Company (NYSE:CRGY) fell by 7.33% between November 11 and November 18, 2025, putting it among the Energy Stocks that Lost the Most This Week.

Crescent Energy Company (NYSE:CRGY) engages in the exploration and production of crude oil, natural gas, and natural gas liquids in the United States, with activities focused in Texas and the Rocky Mountain region.

Crescent Energy Company (NYSE:CRGY) faced a target revision on November 18 when Piper Sandler analyst Mark Lear lowered the stock’s price target from $15 to $13, while keeping an ‘Overweight’ rating on its shares. The change forms part of the analyst firm updating its exploration and production models following the Q3 reports. While the sector posted encouraging results, the analyst believes that the oil macro environment ‘still doesn’t feel great’.

It is worth noting that Crescent Energy Company (NYSE:CRGY) gained over 20% earlier this month after posting results for its third quarter, with the company’s adjusted EPS of $0.35 topping expectations by $0.04. Revenue also grew by 16.3% YoY to $866 million. Moreover, a Bloomberg report indicated that the company has agreed to sell its drilling portfolio in the US Rocky Mountain region for over $400 million, allowing it to solidify its balance sheet and focus on its core acreage in the Eagle Ford and Uinta basins. So the recent dip in share price could also be due to investors booking their profits.

While we acknowledge the potential of CRGY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best Renewable Energy Dividend Stocks to Buy Now and 11 Best High Yield Energy Stocks to Buy Now.

Disclosure: None.