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.
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 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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This article is originally published at Insider Monkey.
