Crescent Energy Company (CRGY) has been identified as one of the low-priced stocks to buy with high upside potential. On December 16, Evercore ISI resumed coverage of Crescent Energy with an Outperform rating and $13 price target following the completion of the Vital Energy acquisition, which positioned the company among the top ten independent US E&P players.

On December 3, Crescent Energy announced the sale of its non-operated DJ Basin assets for $90 million in cash. This transaction, which includes assets primarily located in Weld County, Colorado, will bolster the company’s non-core divestiture program. These assets currently produce approximately 7 Mboe/d, with an oil composition of around 20%.

Crescent Energy has finalized six accretive asset divestitures in 2025, totaling over $900 million in non-core sales. The company expects to complete all remaining announced divestitures before the end of the year. This strategic move aims to optimize the company’s portfolio and enhance its financial performance.

Crescent Energy Company is actively engaged in the exploration and production of crude oil, natural gas, and natural gas liquids in the US. The company’s operations focus on maximizing resource potential and delivering value to its stakeholders through efficient and sustainable energy production practices.

For investors seeking opportunities in the AI sector, there are other stocks that may offer greater upside potential and lower downside risk compared to CRGY. Consider exploring AI stocks that align with prevailing market trends and economic conditions to make informed investment decisions.

Read more at Yahoo Finance: Crescent Energy (CRGY) Joins Top Ten US Independent Producers Following Completion of Transformative Vital Energy Acquisition