Crescent Energy Stock Price Jumps 6.6%

Analysts weigh in on the energy company's recent stock performance.

Mar. 3, 2026 at 12:39am

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Crescent Energy Company's (NYSE:CRGY) stock price rose 6.6% during trading on Friday, reaching a high of $11.55 before closing at $11.5340. Trading volume was down 19% from the average daily volume. The stock price increase comes after a series of analyst reports, with some upgrading the company's rating while others lowered their price targets.

Why it matters

Crescent Energy is an independent exploration and production company focused on oil and natural gas resources in North America, particularly the Permian Basin. The fluctuations in its stock price reflect investor sentiment around the company's performance and outlook, which can be influenced by factors like commodity prices, production levels, and analyst assessments.

The details

Several analysts have recently weighed in on Crescent Energy. Wall Street Zen downgraded the stock from 'buy' to 'hold', while Evercore initiated coverage with an 'outperform' rating and $13 price target. Weiss Ratings upgraded the stock from 'sell' to 'hold', and Piper Sandler reduced their price target from $15 to $13, maintaining an 'overweight' rating. Wells Fargo also lowered their target price from $15 to $13, keeping an 'overweight' rating.

  • Crescent Energy's stock price closed at $10.82 on the previous trading day.
  • The stock traded as high as $11.55 and last traded at $11.5340 on Friday.

The players

Crescent Energy Company

An independent exploration and production company focused on oil and natural gas resources in North America, particularly the Permian Basin.

Wall Street Zen

A financial research firm that downgraded Crescent Energy's stock from 'buy' to 'hold'.

Evercore

An investment banking advisory firm that initiated coverage of Crescent Energy with an 'outperform' rating and $13 price target.

Weiss Ratings

A financial research firm that upgraded Crescent Energy's stock from 'sell' to 'hold'.

Piper Sandler

An investment bank that reduced its price target for Crescent Energy from $15 to $13, maintaining an 'overweight' rating.

Wells Fargo & Company

A financial services company that lowered its price target for Crescent Energy from $15 to $13, while keeping an 'overweight' rating.

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What they’re saying

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