Scotiabank Initiates Coverage On Crescent Energy with Sector Outperform Rating, Announces Price Target of $18

Shares of oil and gas-related companies are trading higher after reports suggesting that Iran placed its armed forced on high alert for 72 hours. Also, reports of an attempted Houthi strike on Saudi Arabia's Red Sea port of Yanbu and another Iranian strike on a vessel near the Strait of Hormuz may fuel concerns that high energy prices may persist and benefit the sector.

8-K filing — Crescent Energy Co (CRGY)

Filed: 2026-10-15 AccNo: 0001866175-26-000138 Size: 2 MB Item 1.01: Entry into a Material Definitive Agreement Item 2.02: Results of Operations and Financial Condition Item 2.03: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits

Evercore ISI Group Maintains Outperform on Crescent Energy, Lowers Price Target to $17

Evercore ISI Group analyst Stephen Richardson maintains Crescent Energy (NYSE:CRGY) with a Outperform and lowers the price target from $18 to $17.