Crescent Energy (CRGY) Posts Q3 Miss but Keeps Buy Rating and $14 Target

Crescent Energy Company (NYSE:CRGY) is one of the cheap oil stocks under $10 to buy now. On November 28, Siebert Williams Shank & Co. stuck with a Buy rating on Crescent Energy Company (NYSE:CRGY), as well as the $14 price target on the stock.

Siebert Williams Maintains Buy on Crescent Energy (CRGY) as Q3 Misses Forecasts

Independent of the analyst action, Crescent issued its Q3 2025 results on November 3, revealing that revenues hit $866.6 million. This figure is 16% higher than in Q3 2024 but lower than the $876.5 million forecast. Management said the miss is largely due to timing shifts in realizations and lower-than-expected contributions from non-core assets. Similarly, the quarter’s EPS fell short of analyst expectations by 111.76%; management tied this massive miss to non-cash charges from asset impairments and acquisition expenses.

In terms of production, the average net production during the quarter averaged 253 thousand barrels of oil equivalent per day (Mboe/d), with 41% oil and 58% liquids. This performance aligns with plans despite a 4 Mboe/d hit from recent divestitures. Management also updated that they drilled 16 gross operated wells and brought online 31 in the Eagle Ford.

Despite the setbacks, management raised full-year 2025 capital expenditures to $910–$970 million, a 4% improvement from initial targets. They cited efficiencies and divestiture proceeds.

Crescent Energy Company (NYSE:CRGY) is an oil and natural gas company. It develops and operates large-scale production assets across the United States. Crescent’s main products are crude oil and natural gas.

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Disclosure: None. This article is originally published at Insider Monkey.