Raymond James Financial Issues Pessimistic Forecast for Crescent Energy (NYSE:CRGY) Stock Price

Posted by Brenda Bartman on Jun 18th, 2026

Crescent Energy (NYSE:CRGY – Get Free Report) had its target price cut by analysts at Raymond James Financial from $20.00 to $18.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “strong-buy” rating on the stock. Raymond James Financial’s price objective would suggest a potential upside of 73.66% from the company’s previous close.

A number of other research analysts also recently commented on the stock. Wells Fargo & Company increased their price objective on shares of Crescent Energy from $14.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Stephens restated an “overweight” rating and issued a $18.00 target price on shares of Crescent Energy in a research note on Tuesday, May 5th. Piper Sandler lifted their price target on Crescent Energy from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Mizuho upped their price objective on Crescent Energy from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. raised Crescent Energy from a “neutral” rating to an “overweight” rating and set a $19.00 target price on the stock in a report on Friday, March 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $15.82.

Get Our Latest Analysis on Crescent Energy

Crescent Energy Stock Down 3.8%

Crescent Energy stock traded down $0.41 during trading on Thursday, reaching $10.37. 3,621,495 shares of the company’s stock were exchanged, compared to its average volume of 7,440,553. The company’s 50-day moving average is $12.45 and its two-hundred day moving average is $10.96. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.57 and a current ratio of 0.57. Crescent Energy has a 52-week low of $7.68 and a 52-week high of $14.29. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of -13.82 and a beta of 1.37.

Crescent Energy (NYSE:CRGY – Get Free Report) last released its quarterly earnings data on Monday, May 4th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.39 by $0.14. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Crescent Energy had a positive return on equity of 8.10% and a negative net margin of 7.47%.The firm’s revenue was up 24.5% compared to the same quarter last year. During the same period last year, the company posted $0.57 earnings per share. On average, analysts predict that Crescent Energy will post 1.99 earnings per share for the current year.

Institutional Trading of Crescent Energy

Large investors have recently added to or reduced their stakes in the business. Kohlberg Kravis Roberts & Co. L.P. increased its holdings in shares of Crescent Energy by 7.1% during the 1st quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 28,655,357 shares of the company’s stock valued at $386,847,000 after acquiring an additional 1,897,230 shares during the last quarter. Vanguard Group Inc. raised its holdings in Crescent Energy by 34.6% in the 4th quarter. Vanguard Group Inc. now owns 27,292,081 shares of the company’s stock worth $228,981,000 after acquiring an additional 7,015,982 shares during the period. American Century Companies Inc. lifted its position in Crescent Energy by 8.0% during the 3rd quarter. American Century Companies Inc. now owns 19,363,386 shares of the company’s stock worth $172,721,000 after acquiring an additional 1,434,789 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Crescent Energy by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 13,171,033 shares of the company’s stock valued at $177,810,000 after acquiring an additional 298,818 shares during the period. Finally, State Street Corp increased its stake in shares of Crescent Energy by 27.6% in the fourth quarter. State Street Corp now owns 12,808,605 shares of the company’s stock worth $107,464,000 after purchasing an additional 2,767,096 shares during the period. 52.11% of the stock is owned by institutional investors.

Crescent Energy Company Profile

(Get Free Report)

Crescent Energy Co (NYSE: CRGY) is an independent exploration and production company focused on the acquisition, development and production of oil and natural gas resources in North America. Headquartered in Oklahoma City, the company’s core business activities include the identification and appraisal of prospective acreage, the design and execution of drilling and completion programs, and the ongoing operation and optimization of producing wells. Crescent Energy’s integrated approach emphasizes capital efficiency, reservoir quality and operational reliability to support sustainable cash flow generation over the commodity cycle.

Crescent Energy’s operations are concentrated in the Permian Basin, with a particular focus on the Delaware Basin’s stacked pay intervals.