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California Resources Corp (CRC) Stock Forecast & Price Prediction

Live CRC Stock Price & Analysis

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$46.94

-1.01 (-2.11%)

12 Month Price Forecast For CRC

$46.94
Current Price
$4.31B
Market Cap
13 Ratings
Buy 11
Hold 2
Sell 0
Wall St Analyst Ratings

Distance to CRC Price Forecasts

+70.4%
To High Target of $80.00
+44.9%
To Median Target of $68.00
+21.4%
To Low Target of $57.00

CRC Price Momentum

-4.6%
1 Week Change
-10.8%
1 Month Change
-12.5%
1 Year Change
-9.5%
Year-to-Date Change
-22.3%
From 52W High of $60.41
+8.9%
From 52W Low of $43.09

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 8, 2025 2:50 AM UTC

CRC Analyst Ratings & Price Targets

Based on our analysis of 19 Wall Street analysts, CRC has a consensus that is bullish. The median price target is $68.00, with forecasts ranging from $57.00 to $80.00. Currently, there are 11 Buy ratings, 2 Hold ratings, and 0 Sell ratings.

With CRC currently trading at $46.94, the median price forecast suggests a 44.9% upside. The most optimistic forecast comes from at , projecting a 70.4% upside, while Betty Jiang at Barclays provides the most conservative target, suggesting a 21.4% upside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

CRC Analyst Consensus

11
Buy
2
Hold
0
Sell

CRC Price Target Range

Low
$57.00
Average
$68.00
High
$80.00
Current: $46.94

Latest CRC Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for CRC.

Date Firm Analyst Rating Change Price Target
Jan 14, 2025 RBC Capital Scott Hanold Outperform Reiterates $70.00
Jan 13, 2025 Truist Securities Neal Dingmann Buy Initiates $75.00
Dec 20, 2024 JP Morgan Alejandra Magana Neutral Initiates $63.00
Nov 26, 2024 TD Cowen David Deckelbaum Buy Maintains $74.00
Oct 24, 2024 Jefferies Michael Schwartz Buy Initiates $64.00
Oct 22, 2024 Stephens & Co. Mike Scialla Overweight Initiates $73.00
Oct 16, 2024 UBS Josh Silverstein Buy Initiates $68.00
Oct 3, 2024 Barclays Betty Jiang Equal-Weight Maintains $57.00
Sep 5, 2024 Citigroup Scott Gruber Buy Maintains $65.00
Aug 21, 2024 B of A Securities Kalei Akamine Buy Upgrade $65.00
Aug 15, 2024 RBC Capital Scott Hanold Outperform Reiterates $65.00
Aug 12, 2024 RBC Capital Scott Hanold Outperform Reiterates $65.00
Aug 8, 2024 Barclays Betty Jiang Equal-Weight Maintains $55.00
Jul 19, 2024 Citigroup Scott Gruber Buy Reinstates $63.00
Jun 14, 2024 RBC Capital Scott Hanold Outperform Reiterates $65.00
Jun 12, 2024 RBC Capital Scott Hanold Outperform Reiterates $65.00
May 13, 2024 Mizuho Nitin Kumar Buy Maintains $64.00
Apr 23, 2024 Stifel Derrick Whitfield Buy Maintains $69.00
Apr 10, 2024 Barclays Betty Jiang Equal-Weight Initiates $62.00
Mar 22, 2024 Stifel Derrick Whitfield Buy Maintains $68.00

Stocks Similar to California Resources Corp

The following stocks are similar to CRC based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

California Resources Corp (CRC) Financial Data

California Resources Corp has a market capitalization of $4.31B with a P/E ratio of 6.7x. The company generates $2.59B in trailing twelve-month revenue with a 20.5% profit margin.

Revenue growth is +50.2% quarter-over-quarter, while maintaining an operating margin of +20.3% and return on equity of +19.1%.

Valuation Metrics

Market Cap $4.31B
Enterprise Value $5.38B
P/E Ratio 6.7x
PEG Ratio 10.5x
Price/Sales 1.7x

Growth & Margins

Revenue Growth (YoY) +50.2%
Gross Margin +47.9%
Operating Margin +20.3%
Net Margin +20.5%
EPS Growth +51.4%

Financial Health

Cash/Price Ratio +5.6%
Current Ratio 1.0x
Debt/Equity 34.9x
ROE +19.1%
ROA +4.1%

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California Resources Corp (CRC) Company Overview

About California Resources Corp

What They Do

Explores and produces oil, gas, and electricity.

Business Model

The company operates as an independent oil and natural gas exploration and production firm, generating revenue through the exploration, production, and marketing of crude oil, natural gas, and natural gas liquids. Additionally, it sells electricity to the wholesale market and utility sector, while also engaging in carbon management projects to address environmental concerns.

Additional Information

Incorporated in 2014, California Resources Corporation is headquartered in Long Beach, California. The company focuses on serving marketers, California refineries, and other purchasers that have access to necessary transportation and storage facilities, positioning itself strategically within the energy sector.

Company Information

Sector

Energy

Industry

Oil & Gas E&P

Employees

970

CEO

Mr. Francisco J. Leon

Country

United States

IPO Year

2014

California Resources Corp (CRC) Latest News & Analysis

CRC stock latest news image
Quick Summary

Andrews & Springer LLC is investigating California Resources Corporation (NYSE: CRC) for potential corporate misconduct, which may impact shareholder interests.

Why It Matters

The investigation into California Resources Corporation for potential corporate misconduct could lead to legal liabilities, impacting stock price and investor confidence.

Source: GlobeNewsWire
Market Sentiment: Neutral
CRC stock latest news image
Quick Summary

California Resources (CRC) is in oversold territory, indicating potential for a trend reversal, supported by analysts raising earnings estimates.

Why It Matters

Oversold conditions and analyst upgrades signal potential price recovery for California Resources (CRC), suggesting a buy opportunity for investors looking for a rebound.

Source: Zacks Investment Research
Market Sentiment: Negative
CRC stock latest news image
Quick Summary

California Resources Corporation (NYSE: CRC) has donated $100,000 to support wildfire relief efforts through the California Community Foundation and the Los Angeles Fire Department Foundation.

Why It Matters

California Resources Corporation's $100,000 donation for wildfire relief highlights its commitment to community support, potentially enhancing its reputation and investor sentiment in ESG-focused markets.

Source: GlobeNewsWire
Market Sentiment: Neutral
CRC stock latest news image
Quick Summary

Zacks recommends buying shares of EOG, LNG, CRC, and GPOR within the Oil and Gas - Exploration and Production sector in the United States.

Why It Matters

The recommendation to buy shares of EOG, LNG, CRC, and GPOR signals positive outlooks for these companies in the oil and gas sector, potentially boosting investor confidence and share prices.

Source: Zacks Investment Research
Market Sentiment: Positive
CRC stock latest news image
Quick Summary

California Resources Corporation (NYSE: CRC) will announce its Q4 and full year 2024 financial results on March 3, 2025, before market opening.

Why It Matters

California Resources Corporation's upcoming financial results could impact its stock price and investor sentiment, influencing trading strategies and portfolio adjustments.

Source: GlobeNewsWire
Market Sentiment: Neutral
CRC stock latest news image
Quick Summary

California Resources Corporation's carbon management unit has received approval for the state's first carbon capture and storage project, aiming to capture 100,000 metric tons of CO2 annually.

Why It Matters

Approval of California's first carbon capture and storage project enhances CRC's sustainability profile, potentially attracting environmentally-conscious investors and impacting future valuations.

Source: GlobeNewsWire
Market Sentiment: Neutral

Frequently Asked Questions About CRC Stock

What is California Resources Corp's (CRC) stock forecast for 2025?

Based on our analysis of 19 Wall Street analysts, California Resources Corp (CRC) has a median price target of $68.00. The highest price target is $80.00 and the lowest is $57.00.

Is CRC stock a good investment in 2025?

According to current analyst ratings, CRC has 11 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The stock is currently trading at $46.94. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for CRC stock?

Wall Street analysts predict CRC stock could reach $68.00 in the next 12 months. This represents a 44.9% increase from the current price of $46.94. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is California Resources Corp's business model?

The company operates as an independent oil and natural gas exploration and production firm, generating revenue through the exploration, production, and marketing of crude oil, natural gas, and natural gas liquids. Additionally, it sells electricity to the wholesale market and utility sector, while also engaging in carbon management projects to address environmental concerns.

What is the highest forecasted price for CRC California Resources Corp?

The highest price target for CRC is $80.00 from at , which represents a 70.4% increase from the current price of $46.94.

What is the lowest forecasted price for CRC California Resources Corp?

The lowest price target for CRC is $57.00 from Betty Jiang at Barclays, which represents a 21.4% increase from the current price of $46.94.

What is the overall CRC consensus from analysts for California Resources Corp?

The overall analyst consensus for CRC is bullish. Out of 19 Wall Street analysts, 11 rate it as Buy, 2 as Hold, and 0 as Sell, with a median price target of $68.00.

How accurate are CRC stock price projections?

Stock price projections, including those for California Resources Corp, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.