Analyst Price Target is $56.86
▲ +53.50% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for California Resources in the last 3 months. The average price target is $56.86, with a high forecast of $65.00 and a low forecast of $48.00. The average price target represents a 53.50% upside from the last price of $37.04.
Current Consensus is
The current consensus among 8 contributing investment analysts is to buy stock in California Resources.
California Resources Corporation operates as an independent oil and natural gas company. The company explores for, produces, gathers, processes, 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. As of December 31, 2021, it had interests in approximately 1.9 million net mineral acres with proved reserves totaled an estimated 480 million barrels of oil equivalent. The company also engages in the generation and sale of electricity to the local utility and the grid. The company was incorporated in 2014 and is based in Santa Clarita, California.