Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Crescent Energy and SilverBow Resources Shareholders Vote "FOR" Proposed Merger
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 18 2024
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Source: Newsfilter
- Crescent Energy Company Merger Approval: Leading proxy advisory firms ISS and Glass Lewis recommend Crescent Energy shareholders to vote "FOR" the issuance of shares for the pending merger with SilverBow Resources, Inc.
- Special Meeting Details: The special meeting for Crescent shareholders to vote on the proposed merger with SilverBow is scheduled for July 29, 2024, and shareholders can participate virtually or by proxy.
Analyst Views on CRGY
Wall Street analysts forecast CRGY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRGY is 12.80 USD with a low forecast of 10.00 USD and a high forecast of 15.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 8.390
Low
10.00
Averages
12.80
High
15.00
Current: 8.390
Low
10.00
Averages
12.80
High
15.00
About CRGY
Crescent Energy Company is an energy company. The Company's investing and operating activities are focused on the Eagle Ford, Permian and Uinta basins. It operates in the oil, condensate and dry gas windows of Eagle Ford. Its premier position in the Permian spans both the Midland and Delaware basins. The Permian basin complements its strategy with stable production, low-risk development inventory and meaningful potential for resource expansion and further growth through acquisition opportunities. Its Uinta position has a large inventory of attractive, low-risk undeveloped locations with significant resource potential across multiple, prolific formations. The Uinta basin produces crude, and it sells 100% of its production into the Salt Lake City refining complex. Its minerals focus on Texas and the Rockies with exposure to operators.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
