Crescent Energy Company Stock (CRGY) Slides on Dec. 16 After Vital Energy Deal Closes — Latest News, Analyst Forecasts, and What to Watch
Crescent Energy shares fell about 7% to $8.30 on December 16 after the company closed its all-stock acquisition of Vital Energy. Trading volume was elevated as investors reacted to the deal, despite Evercore ISI resuming coverage with an “Outperform” rating and a $13 price target. The stock underperformed both the broader market and the energy sector. Crescent plans to issue pro forma 2026 guidance with its next earnings report.
