A Glimpse Into The Expert Outlook On Crescent Energy Through 4 Analysts
Portfolio Pulse from Benzinga Insights
Crescent Energy (NYSE:CRGY) has received mixed analyst ratings over the past quarter, with 1 bullish, 2 somewhat bullish, and 1 indifferent rating. The average 12-month price target for CRGY has increased by 1.56% to $16.25, with a high estimate of $19.00 and a low estimate of $14.00. Analysts from Mizuho, Raymond James, Evercore ISI Group, and Wells Fargo have provided recent evaluations, with Wells Fargo raising its price target from $16.00 to $19.00. Crescent Energy's financial performance shows challenges, with a revenue decline of -25.73%, a net margin of -8.23%, an ROE of -3.46%, an ROA of -0.8%, and a high debt-to-equity ratio of 1.25.
January 03, 2024 | 5:01 pm
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Crescent Energy has mixed analyst ratings but a slight increase in the average price target. Financial challenges include revenue decline and low profitability metrics.
While the average price target for CRGY has increased, indicating a positive sentiment among some analysts, the company's financial challenges such as revenue decline and low profitability metrics may temper investor enthusiasm in the short term. The mixed analyst ratings suggest uncertainty, which could lead to neutral short-term price movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100