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Piper Sandler Boosts Crescent Energy (CRGY) Target while Oil Market Focus Shifts to Iran Risk
Yahoo Finance· 2026-03-12 04:20
Core Insights - Crescent Energy Company (NYSE:CRGY) is highlighted as one of the 14 Low PE High Dividend Stocks to consider for investment [1] - Piper Sandler has raised its price target for Crescent Energy from $13 to $14, maintaining an Overweight rating, amid concerns regarding potential geopolitical risks affecting global oil supply [2] Financial Performance - During the Q4 2025 earnings call, the CEO reported nearly $5 billion in transactions for the year, including over $4 billion in acquisitions at valuations below 3x EBITDA and nearly $1 billion in non-core asset sales at over 5x EBITDA [3][4] - The company's minerals platform, Present Royalties, is generating approximately $160 million in annual cash flow, which is seen as a new catalyst for equity value [5] Operational Focus - Crescent Energy's operations are primarily in Texas and the Rockies, with significant development activities in the Eagle Ford and Uinta basins, as well as conventional assets in Wyoming that involve carbon capture, use, and storage (CCUS) [6]