CRGY Price Prediction Next Week
Analysis and Insights
Based on the analysis of Crescent Energy Co (CRGY), here is the prediction for the stock price and recommendation for the next trading week:
News and Fundamental Analysis:
- Crescent Energy recently passed through a 4% yield mark, indicating strong dividend performance and potential investor interest.
- Analysts have provided mixed ratings, with Evercore ISI maintaining a Buy rating and a $18.00 price target, while Mizuho Securities maintained a Hold rating.
- The stock has shown strong financial performance, with a recent earnings report indicating an EPS increase from 61 cents to 70 cents year-over-year.
Technical Analysis:
- The stock is currently trading at $10.38, near its lower Fibonacci support level of $10.77.
- The RSI_6 is at 4.09, indicating an oversold condition, which may signal a potential short-term bounce.
- The MACD is negative (-1.11), suggesting bearish momentum, but the oversold RSI could lead to a reversal.
Price Prediction and Recommendation:
- Based on the oversold condition and potential short-term bounce, the stock is expected to reach $12.50 in the next trading week.
- However, due to the overall bearish trend and mixed analyst sentiment, it is recommended to sell on the rally as the stock is likely to resume its downtrend after the potential bounce.
CRGY Similar Chart Price Prediction
The price of CRGY is predicted to go up -61.4%, based on the high correlation periods with CETX. The similarity of these two price pattern on the periods is 99.15%.
CRGY
CETX
Down: -61.4%Similarity: 99.15%
CRGY Revenue Forecast
CRGY EPS Forecast
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CRGY Analyst's Forecast
Arun Jayaram
JP Morgan
Hold
2025-03-13
Price Target
$18 → $12
Upside
+14.39%
JPMorgan lowered the firm's price target on Crescent Energy to $12 from $18 and keeps a Neutral rating on the shares. The firm have refreshed its exploration and production models, including its natural gas supply-demand analysis, after digesting 2025 producer capex budgets, updated winter degree day data, and stronger than expected liquified natural gas demand pull. The combination of record U.S. oil supply, the return of OPEC+ barrels in April, and global trade risk amid tariffs could result in a further decline in oil prices to force higher cost barrels out of the market, the analyst tells investors in a research note.
John Freeman
Raymond James
Strong Buy
2025-01-23
Price Target
$22 → $23
Upside
+40.76%
William Janela
Mizuho
Hold
2025-01-14
Price Target
$16 → $17
Upside
+2.47%
