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

Core Viewpoint - Crescent Energy Company (NYSE:CRGY) is considered a cheap oil stock under $10, with a Buy rating maintained by Siebert Williams Shank & Co. and a price target of $14 [1]. Financial Performance - Crescent Energy reported Q3 2025 revenues of $866.6 million, which is 16% higher than Q3 2024 but below the forecast of $876.5 million [2]. - The company's EPS fell short of analyst expectations by 111.76%, attributed to non-cash charges from asset impairments and acquisition expenses [2]. Production Metrics - Average net production for the quarter was 253 thousand barrels of oil equivalent per day (Mboe/d), consisting of 41% oil and 58% liquids, despite a 4 Mboe/d decline due to recent divestitures [3]. - Management reported drilling 16 gross operated wells and bringing 31 online in the Eagle Ford region [3]. Capital Expenditures - Full-year 2025 capital expenditures have been raised to $910–$970 million, reflecting a 4% improvement from initial targets, driven by efficiencies and proceeds from divestitures [4]. Company Overview - Crescent Energy is an oil and natural gas company that develops and operates large-scale production assets across the United States, focusing on crude oil and natural gas [4].