Benzinga · Jun 27, 2024
Crescent Energy Among The 'Very Best' E&P Companies, Says Analyst: SilverBow Deal Offers 'Clear Synergies'
Crescent Energy Co (NYSE:CRGY) inked an agreement to acquire SilverBow Resources Inc (NYSE:SBOW) for $2.1 billion. While the company has been growing mainly through acquisitions, the purchase of SilverBow Resources "is the most impactful to date," according to KeyBanc Capital Markets. The Crescent Energy Analyst: Tim Rezvan initiated coverage of Crescent Energy with an Overweight rating and price target of $16. The Crescent ...Full story available on Benzinga.com

