Reported 3 days ago
Crescent Energy Company (NYSE:CRGY) experienced a 7.47% decline in share price from September 26 to October 3, 2025, making it one of the major losers in the energy sector this week. Despite a strong performance last month due to geopolitical tensions, the recent drop in WTI crude oil prices, linked to rising OPEC+ production and a possible US government shutdown, has negatively impacted the stock. The company is also in the process of acquiring Vital Energy for approximately $3.1 billion, which is expected to significantly boost its revenue and production in 2026.
Source: YAHOO