Crescent Energy Company (NYSE:CRGY) is one of the Stocks to Buy Under $10 with High Potential. Wall Street is bullish on Crescent Energy Company (NYSE:CRGY) as the company gets close to releasing its fiscal Q4 2025 results on February 25. Analysts’ 12 month price target reflects more than 67% upside from the current levels.
Recently, on January 9, Phillip Jungwirth from BMO Capital Markets initiated Crescent Energy Company (NYSE:CRGY) with a Buy rating and a $10 price target. Earlier on December 16, Evercore ISI also resumed coverage on the stock with an Outperform rating and a $13 price target.
Analysts at BMO Capital noted that the company has gone through a major strategic transformation in the last two years, driven by the acquisitions of the Eagle Ford basin. Moreover, the firm also likes the company’s entry into the Permian basin, along with the divestiture of non-Eagle Ford and Uinta positions. The firm believes that this has helped the company improve its margins and cost structures. BMO sees 2026 as a transition year for the company. However, the firm sees legacy Vital production declining to a sustainable baseline. Moreover, the oil prices are also expected to slow down, hence contributing to a Hold rating.
Crescent Energy Company (NYSE:CRGY) operates as an energy company. The company is engaged in the production and exploration of natural gas, crude oil, and natural gas liquids across the United States. It operates mainly in Texas and the Rocky Mountain region.
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Disclosure: None. This article is originally published at Insider Monkey.