Crescent Energy (CRGY) Stock Forecast & Price Target

$12.10

-0.24 (-1.94%)

(As of 07/26/2024 ET)

Crescent Energy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy
Based on 9 Analyst Ratings

Based on 9 Wall Street analysts who have issued ratings for Crescent Energy in the last 12 months, the stock has a consensus rating of "Buy." Out of the 9 analysts, 1 has given a hold rating, 6 have given a buy rating, and 2 have given a strong buy rating for CRGY.

Consensus Price Target

$16.40
35.48% Upside

High Forecast	$20.00
Average Forecast	$16.40
Low Forecast	$13.00

According to the 9 analysts' twelve-month price targets for Crescent Energy, the average price target is $16.40. The highest price target for CRGY is $20.00, while the lowest price target for CRGY is $13.00. The average price target represents a forecasted upside of 35.48% from the current price of $12.11.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Buy	Buy	Buy	Hold
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	3 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$16.40	$16.56	$16.38	$15.17
Forecasted Upside	35.48% Upside	40.97% Upside	41.03% Upside	24.85% Upside

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CRGY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CRGY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Crescent Energy Stock vs. The Competition

Type	Crescent Energy	Oils/Energy Companies	S&P 500
Consensus Rating Score	3.11	2.56	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	35.48% Upside	230.55% Upside	9.10% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/22/2024	Truist Financial 1 of 5 stars		Lower Target	Buy ➝ Buy	$20.00 ➝ $19.00	+56.77%
7/18/2024	Wolfe Research 3 of 5 stars	J. Abbott Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$16.00	+29.98%
6/27/2024	KeyCorp 3 of 5 stars		Initiated Coverage	Overweight	$16.00	+37.81%
5/13/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$13.00 ➝ $14.00	+14.75%
4/22/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$19.00 ➝ $20.00	+82.48%
4/10/2024	Tudor, Pickering, Holt & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$18.00	+50.00%
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3/5/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$17.00	+39.23%
1/24/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Strong-Buy ➝ Strong-Buy	$16.00 ➝ $15.00	+35.14%
12/1/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$16.00	+40.41%
9/27/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$12.00 ➝ $13.00	+6.47%
2/14/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$14.00	+15.32%
10/19/2022	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$15.00	+2.88%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:04 AM ET.

CRGY Forecast - Frequently Asked Questions

What is Crescent Energy's forecast for 2024?: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Crescent Energy is $16.40, with a high forecast of $20.00 and a low forecast of $13.00.
Should I buy or sell Crescent Energy stock right now?: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Crescent Energy in the last twelve months. There is currently 1 hold rating, 6 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CRGY shares.
Does Crescent Energy's stock price have much upside?: According to analysts, Crescent Energy's stock has a predicted upside of 38.98% based on their 12-month stock forecasts.
Has Crescent Energy been upgraded by Wall Street analysts recently?: Over the previous 90 days, Crescent Energy's stock had 1 upgrade by analysts.
What analysts cover Crescent Energy?: Crescent Energy has been rated by research analysts at KeyCorp, Mizuho, Truist Financial, and Wolfe Research in the past 90 days.
Do Wall Street analysts like Crescent Energy more than its competitors?: Analysts like Crescent Energy more than other "oils/energy" companies. The consensus rating for Crescent Energy is Buy while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how CRGY compares to other companies.