Here’s Why Piper Sandler Increased Crescent Energy’s (CRGY) Price Target To $16

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Jabran Kundi

Wed, March 18, 2026 astatine 6:03 AM CDT 2 min read

Crescent Energy Company (NYSE:CRGY) is 1 of the 8 astir undervalued lipid stocks to buy. Mark Lear from Piper Sandler accrued the firm’s terms people connected Crescent Energy Company (NYSE:CRGY) from $14 to $16 portion keeping an Overweight standing connected March 12. The firm’s upwardly adjusted terms people implies an further 33% upside from existent levels. The steadfast has revised its terms people connected the banal upward doubly truthful acold successful March, archetypal connected March 5 and again connected March 12. Both upward revisions were based connected the aforesaid geopolitical backdrop. The struggle involving Iran has accrued risks to the planetary vigor proviso and strengthened the concern lawsuit for vigor equities.

Piper Sandler Boosts Crescent Energy (CRGY) Target portion Oil Market Focus Shifts to Iran Risk

The terms people revision reflects the firm’s higher commodity terms assumptions. Piper Sandler said it has accrued its mid-cycle crude lipid forecast to $75 per tube from $70 per barrel. The alteration came arsenic the struggle involving Iran raised concerns astir planetary lipid supply. The expert expects the concern to person longer-lasting disruptions to planetary lipid supply. According to the firm, higher lipid prices whitethorn beryllium needed to promote continued concern successful production, particularly arsenic proviso risks stay elevated.

According to a study released connected March 6, Siebert Williams Shank & Co expert Gabriele Sorbara besides reaffirmed a Buy standing connected Crescent Energy Company (NYSE:CRGY), on with the terms people of $18.

Crescent Energy Company (NYSE:CRGY) is an vigor institution with a portfolio of lipid and state assets successful Texas and the Rocky Mountain region. The institution is based successful Houston, Texas.

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