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California Resources - CRC Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $66.09
  • Forecasted Upside: 30.72%
  • Number of Analysts: 12
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 9 Buy Ratings
  • 1 Strong Buy Ratings
$50.56 As of 12/20/2024 06:31 PM ET
▼ -0.42 (-0.82%)

This chart shows the closing price for CRC by one month, three months, or twelve months.

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Analyst Price Target for CRC

Analyst Price Target is $66.09
▲ +30.72% Upside Potential
This price target is based on 12 analysts offering 12 month price targets for California Resources in the last 3 months. The average price target is $66.09, with a high forecast of $74.00 and a low forecast of $57.00. The average price target represents a 30.72% upside from the last price of $50.56.

This chart shows the closing price for CRC for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 12 polled investment analysts is to moderate buy stock in California Resources. This rating has held steady since December 2023, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
6/29/2023
  • 0 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
9/27/2023
  • 0 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/26/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
3/25/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
6/23/2024
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/21/2024
  • 0 strong buy ratings
  • 9 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/20/2024
  • 1 strong buy ratings
  • 9 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/20/2024

Latest Recommendations

  • 1 strong buy ratings
  • 9 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
12/20/2024JPMorgan Chase & Co.Initiated CoverageNeutral$63.00
12/9/2024Capital One FinancialUpgradeStrong-Buy
11/26/2024TD CowenBoost TargetBuy ➝ Buy$65.00 ➝ $74.00
10/24/2024Jefferies Financial GroupInitiated CoverageBuy$64.00
10/22/2024StephensInitiated CoverageOverweight$73.00
10/16/2024UBS GroupInitiated CoverageBuy$68.00
10/3/2024BarclaysBoost TargetEqual Weight ➝ Equal Weight$55.00 ➝ $57.00
9/5/2024CitigroupBoost TargetBuy ➝ Buy$63.00 ➝ $65.00
8/21/2024Bank of AmericaUpgradeNeutral ➝ Buy$57.00 ➝ $65.00
8/12/2024Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$65.00 ➝ $65.00
8/8/2024BarclaysLower TargetEqual Weight ➝ Equal Weight$62.00 ➝ $55.00
8/2/2024TD CowenInitiated CoverageBuy$65.00
7/19/2024CitigroupInitiated CoverageBuy ➝ Buy$63.00
6/12/2024Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$65.00 ➝ $65.00
5/13/2024MizuhoBoost TargetBuy ➝ Buy$63.00 ➝ $64.00
4/23/2024Stifel NicolausBoost TargetBuy ➝ Buy$68.00 ➝ $69.00
4/10/2024BarclaysInitiated CoverageEqual Weight$62.00
3/22/2024Stifel NicolausLower TargetBuy ➝ Buy$72.00 ➝ $68.00
3/22/2024MizuhoLower TargetBuy ➝ Buy$69.00 ➝ $63.00
3/6/2024Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$70.00
2/12/2024Stifel NicolausBoost TargetBuy ➝ Buy$68.00 ➝ $72.00
2/8/2024Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$65.00 ➝ $70.00
2/8/2024MizuhoBoost TargetBuy ➝ Buy$63.00 ➝ $69.00
1/23/2024Stifel NicolausBoost TargetBuy ➝ Buy$67.00 ➝ $68.00
1/5/2024Bank of AmericaDowngradeBuy ➝ Neutral$64.00 ➝ $60.00
12/19/2023Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$60.00
12/1/2023Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$60.00
9/27/2023Bank of AmericaBoost Target$63.00 ➝ $64.00
9/25/2023MizuhoReiterated RatingBuy ➝ Buy$70.00
9/21/2023Roth MkmReiterated RatingBuy ➝ Buy$56.00
9/18/2023MizuhoBoost TargetBuy ➝ Buy$66.00 ➝ $70.00
8/21/2023Stifel NicolausBoost TargetBuy ➝ Buy$60.00 ➝ $68.00
8/16/2023MizuhoBoost TargetBuy ➝ Buy$60.00 ➝ $66.00
8/14/2023CitigroupBoost TargetBuy ➝ Buy$56.00 ➝ $65.00
8/11/2023Stifel NicolausBoost TargetBuy ➝ Buy$55.00 ➝ $60.00
8/1/2023Bank of AmericaBoost TargetBuy ➝ Buy$59.00 ➝ $63.00
7/24/2023Stifel NicolausBoost TargetBuy$50.00 ➝ $55.00
7/14/2023MizuhoBoost TargetBuy$52.00 ➝ $60.00
5/19/2023Stifel NicolausLower Target$52.00 ➝ $50.00
5/19/2023MizuhoLower Target$54.00 ➝ $52.00
3/30/2023Stifel NicolausLower TargetBuy$64.00 ➝ $52.00
3/10/2023MizuhoLower Target$59.00 ➝ $54.00
2/24/2023Bank of AmericaUpgradeNeutral ➝ Buy$51.00 ➝ $60.00
2/15/2023CitigroupLower TargetBuy$62.00 ➝ $57.00
2/4/2023Roth CapitalReiterated RatingBuy
1/31/2023Royal Bank of CanadaLower TargetOutperform$68.00 ➝ $65.00
1/9/2023MizuhoInitiated CoverageBuy$60.00
11/15/2022Bank of AmericaUpgradeUnderperform ➝ Neutral$49.00 ➝ $58.00
10/19/2022Stifel NicolausInitiated CoverageBuy$63.00
7/20/2022MKM PartnersReiterated RatingBuy$48.00
7/19/2022Bank of AmericaDowngradeBuy ➝ Underperform$49.00
5/10/2022CitigroupInitiated CoverageBuy$60.00
4/8/2022KeyCorpBoost TargetOverweight$50.00 ➝ $51.00
1/20/2022KeyCorpBoost TargetOverweight$49.00 ➝ $50.00
1/10/2022Bank of AmericaInitiated CoverageBuy ➝ Buy$64.00
11/3/2021KeyCorpBoost TargetOverweight$48.00 ➝ $49.00
10/19/2021KeyCorpBoost TargetOverweight$47.00 ➝ $48.00
9/21/2021MKM PartnersInitiated CoverageBuy$54.00
9/16/2021KeyCorpBoost TargetOverweight$45.00 ➝ $47.00
9/9/2021KeyCorpInitiated CoverageOverweight$45.00
9/8/2021Royal Bank of CanadaBoost TargetOutperform$44.00 ➝ $60.00
5/27/2021Royal Bank of CanadaInitiated CoverageOutperform$40.00
3/17/2020Raymond JamesDowngradeOutperform ➝ Market Perform
3/9/2020Bank of AmericaDowngradeNeutral ➝ Underperform
(Data available from 12/21/2019 forward)

News Sentiment Rating

1.03 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 16 very positive mentions
  • 12 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
5/25/2024
  • 6 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/24/2024
  • 12 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/24/2024
  • 11 very positive mentions
  • 13 positive mentions
  • 6 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2024
  • 18 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/22/2024
  • 11 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/22/2024
  • 13 very positive mentions
  • 20 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
11/21/2024
  • 26 very positive mentions
  • 15 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/21/2024

Current Sentiment

  • 26 very positive mentions
  • 15 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

California Resources logo
California Resources Corporation operates as an independent oil and natural gas exploration and production, and carbon management company in the United States. The company explores, produces, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. It also engages in the generation and sale of electricity to the wholesale power market and utility sector; and developing various carbon capture and storage projects in California. The company was incorporated in 2014 and is based in Long Beach, California.
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Today's Range

Now: $50.56
Low: $49.87
High: $51.48

50 Day Range

MA: $55.02
Low: $50.40
High: $59.59

52 Week Range

Now: $50.56
Low: $43.09
High: $60.41

Volume

3,532,982 shs

Average Volume

837,286 shs

Market Capitalization

$4.62 billion

P/E Ratio

7.96

Dividend Yield

3.03%

Beta

1.01

Frequently Asked Questions

What sell-side analysts currently cover shares of California Resources?

The following sell-side analysts have issued reports on California Resources in the last twelve months: Bank of America Co., Barclays PLC, Capital One Financial Co., Citigroup Inc., Jefferies Financial Group Inc., JPMorgan Chase & Co., Mizuho, Royal Bank of Canada, Stephens, Stifel Nicolaus, StockNews.com, TD Cowen, and UBS Group AG.
View the latest analyst ratings for CRC.

What is the current price target for California Resources?

0 Wall Street analysts have set twelve-month price targets for California Resources in the last year. Their average twelve-month price target is $66.09, suggesting a possible upside of 30.7%. TD Cowen has the highest price target set, predicting CRC will reach $74.00 in the next twelve months. Barclays PLC has the lowest price target set, forecasting a price of $57.00 for California Resources in the next year.
View the latest price targets for CRC.

What is the current consensus analyst rating for California Resources?

California Resources currently has 2 hold ratings, 9 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for CRC.

What other companies compete with California Resources?

Other companies that are similar to California Resources include Permian Resources, Ovintiv, Antero Resources, Viper Energy and Sunoco. Learn More about companies similar to California Resources.

How do I contact California Resources' investor relations team?

California Resources' physical mailing address is 27200 TOURNEY ROAD SUITE 200, SANTA CLARITA CA, 91355. The oil and gas producer's listed phone number is 888-848-4754 and its investor relations email address is [email protected]. The official website for California Resources is www.crc.com. Learn More about contacing California Resources investor relations.