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SilverBow Resources, Inc.

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$36.82

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$36.82

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Priya Nigam - 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

Related tickers: SBOW, CRGY.

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Zacks Equity Research - Crescent (CRGY) & SilverBow (SBOW) Unite in $2.1B Merger

Crescent Energy (CRGY) shareholders will own about 69-79% of the combined company, while SilverBow (SBOW) shareholders will own around 21-31% post completion of the deal.

Related tickers: E, SM, SBOW, CRGY.

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