Truist starts coverage and sets a USD 19.00 target for Crescent Energy stock

Published on 10/07/2026 at 07:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 1.39 billion, up 55.30 percent year over year. Crescent Energy stock had a EUR 12.10 prior close on October 5, 2026.

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Truist Financial started coverage of Crescent Energy on September 17, 2026, with a Buy rating and a USD 19.00 target, according to MarketBeat. The call gives Crescent Energy stock a fresh analyst benchmark while the company works through a stronger operating outlook.

Production guidance moves higher

Crescent reported USD 1.39 billion of revenue in the second quarter of 2026, compared with USD 1.26 billion expected by analysts, according to MarketBeat. Revenue was up 55.30 percent year over year, creating a quantified comparison for the latest reported quarter.

On the Q2 2026 earnings call, Yahoo Finance reported that production reached 335,000 barrels of oil equivalent per day and levered free cash flow reached USD 418.0 million in the second quarter. Management raised full-year 2026 total production guidance to 327,000 to 335,000 barrels of oil equivalent per day.

Synergies and cash flow shape the case

The earnings call also outlined a higher Permian synergy target of USD 250.0 million to USD 300.0 million, compared with an initial target of USD 90.0 million to USD 100.0 million. Crescent had captured USD 190.0 million of annualized synergies by the second quarter, while adjusted operating expense guidance improved to USD 11.00 to USD 12.00 per barrel of oil equivalent.

Management also said on the August 4, 2026 call that liquidity stood at USD 2.2 billion at the end of the second quarter and that 2026 levered free cash flow was expected to exceed USD 1.0 billion. The combination of higher production guidance and lower operating-cost guidance is the key operating comparison behind the analyst interest, but the target range still depends on commodity prices and execution across the Eagle Ford, Permian and Uinta basins.

Analyst target above prior close

The USD 19.00 Truist target sits above the USD 17.08 average target from 17 analysts cited by MarketBeat. That consensus included 10 Buy ratings, five Holds, one Sell and one Strong Buy, giving investors a broader reference point than a single research note.

The prior close at Lang & Schwarz was EUR 12.10 on October 5, 2026. Crescent Energy Company has a market capitalization of USD 4.5 billion as of October 6, 2026, while its primary-exchange 52-week range was USD 7.68 to USD 15.47.

The further course of trading is shown by the continuously updated real-time quote of Crescent Energy stock.