Evercore cuts target to USD 17.00 for Crescent Energy stock
Published on 10/15/2026 at 22:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and reporting date
- On October 14, 2026, Evercore ISI set a USD 17.00 target after lowering it from USD 18.00.
- Second-quarter revenue reached USD 1.39 billion, up 55.30 percent year over year.
- Crescent Energy stock costs EUR 11.25 at Lang & Schwarz on October 15, 2026 at 10:38 p.m. CEST, down 2.65 percent on the NYSE.
- Crescent Energy is scheduled to report third-quarter results on October 27, 2026.
Evercore ISI lowered its Crescent Energy target to USD 17.00 from USD 18.00 on October 14, 2026, while keeping an Outperform rating, according to Markets Insider. Against the NYSE price of USD 12.51, the new target stands 35.89 percent higher. Crescent Energy reported second-quarter revenue of USD 1.39 billion, up 55.30 percent from the year-earlier quarter, according to Investing.com. The stock was trading at EUR 11.25 at Lang & Schwarz on October 15, 2026 at 10:38 p.m. CEST, down 2.65 percent on the NYSE.
Revenue provides the operating anchor
The second-quarter revenue figure gives the analyst debate a current operating reference. Crescent Energy also reported adjusted earnings of USD 1.30 per share for the quarter, compared with a consensus estimate of USD 0.60, while revenue exceeded the USD 1.31 billion estimate, according to Investing.com. The comparison matters because the target reduction came after a period in which reported operating figures were ahead of expectations.
Price position on October 15
The euro quote stood between its daily high of EUR 11.40 and daily low of EUR 11.10, with a bid of EUR 11.10 and an ask of EUR 11.40 at Lang & Schwarz. On the NYSE, Crescent Energy's 52-week range was USD 7.68 to USD 15.47, placing the USD 12.51 price 19.13 percent below the high and 62.89 percent above the low. The year-to-date gain was 55.00 percent in the October 12, 2026 market context cited by Investing.com.
Valuation and the next report
Crescent Energy had a market capitalization of USD 4.1 billion, a price-to-earnings ratio of minus 286.27 and a dividend yield of 0.04 percent as of October 15, 2026. Its next scheduled reporting date is October 27, 2026, when third-quarter results are listed by RTTNews. The date gives investors the next fixed point for testing whether revenue growth is translating into earnings.
Comparison with peers
CRGY (NYSE, USD): minus 2.65 percent, P/E minus 286.27, market capitalization USD 4.1 billion
Devon Energy (NYSE, USD): minus 1.36 percent, P/E 11.70, market capitalization USD 54.2 billion
APA Corporation (NYSE, USD): minus 0.30 percent, P/E 9.99, market capitalization USD 16.5 billion
Price and scheduled results
The analyst target remains materially above the NYSE price, but the latest target action was a reduction rather than an increase. The next earnings date on October 27, 2026 will provide the next dated operating update.
The stock was trading at EUR 11.25 at Lang & Schwarz on October 15, 2026 at 10:38 p.m. CEST, down 2.65 percent on the NYSE.
The further course of trading is shown by the continuously updated real-time quote of Crescent Energy stock.
Crescent Energy market data
- Company: Crescent Energy Company
- ISIN: US44952J1043
- Ticker: CRGY
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 15, 2026, 10:38 p.m. CEST): EUR 11.25
- Change on NYSE: minus 2.65 percent (October 15, 2026)
- Market capitalization: USD 4.1 billion (as of October 15, 2026)
- 52-week range: USD 7.68-15.47 (as of October 15, 2026)
- Sector / Industry: Basic materials / oil and gas production and exploration
- Next earnings date: October 27, 2026
Market context: Market report S&P 500.
