10 Best New Stocks to Buy With Huge Upside Potential

8. Crescent Energy Company (NYSE:CRGY)

Average Upside Potential: 63.34%

Crescent Energy Company (NYSE:CRGY) is one of the best new stocks to buy with the huge upside potential. On May 4, Crescent Energy reported Q1 2026 earnings, driven by record production of 341 MBoe/d and the accelerated integration of its Permian assets. By optimizing operational planning and reducing well costs through service contract rebidding and improved facility designs, the company captured $120 million in synergies. These efficiencies, combined with high oil realizations linked to international pricing, helped generate $192 million in levered free cash flow.

The company now anticipates generating ~$1 billion in levered free cash flow for the full year, with production and capital expenditures trending toward the higher end of its guidance. Crescent Energy plans to prioritize a disciplined investment strategy, focusing on increased lateral lengths and the expansion of simul-frac completions to 50% of its Permian wells.

To manage potential risks, Crescent Energy Company (NYSE:CRGY) has implemented hedges to protect against gas price volatility and is shifting its completion fleets to dual-fuel units to lower costs. While the company expects to maintain its current momentum, it remains focused on long-term sustainability, including testing new formations in the Uinta Basin and maintaining a leverage ratio of 1.5x or below for its minerals business.

Crescent Energy Company (NYSE:CRGY) is an energy company with a portfolio of oil and gas assets in Texas and the Rocky Mountain region. The company is based in Houston, Texas.