Evercore ISI resumed coverage of Crescent Energy (CRGY) with an Outperform rating and $13 price target after the closing of its merger with Vital Energy (VTLE). The Vital transaction “marks a major step change in scale, basin diversification, and free cash flow durability” and the combined company is a top-ten independent U.S. oil and gas producer, the analyst tells investors.
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Read More on CRGY:
- Crescent Energy Completes Acquisition of Vital Energy
- Crescent shareholders overwhelmingly approve Vital Energy merger
- Crescent Energy price target raised to $12 from $11 at Mizuho
- Sezzle to replace Vital Energy in S&P 600 at open on 12/15
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