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California Resources - CRC Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $56.86
  • Forecasted Upside: 53.50%
  • Number of Analysts: 8
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 8 Buy Ratings
  • 0 Strong Buy Ratings
$37.04 As of 03/24/2023 01:00 AM ET
▲ +0.97 (2.69%)

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 $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.

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 Buy

The current consensus among 8 contributing investment analysts is to buy stock in California Resources.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/2/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/31/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/31/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
6/29/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
9/27/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/26/2022
  • 0 strong buy ratings
  • 8 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
2/24/2023
  • 0 strong buy ratings
  • 8 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/26/2023

Latest Recommendations

  • 0 strong buy ratings
  • 8 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
3/10/2023MizuhoLower Target$59.00 ➝ $54.00Low
2/24/2023Bank of AmericaUpgradeNeutral ➝ Buy$51.00 ➝ $60.00Low
2/15/2023CitigroupLower TargetBuy$62.00 ➝ $57.00Low
2/4/2023Roth CapitalReiterated RatingBuyLow
1/31/2023Royal Bank of CanadaLower TargetOutperform$68.00 ➝ $65.00Low
1/9/2023MizuhoInitiated CoverageBuy$60.00Low
11/15/2022Bank of AmericaUpgradeUnderperform ➝ Neutral$49.00 ➝ $58.00Low
10/19/2022Stifel NicolausInitiated CoverageBuy$63.00Low
7/20/2022MKM PartnersReiterated RatingBuy$48.00Low
7/19/2022Bank of AmericaDowngradeBuy ➝ Underperform$49.00Low
5/10/2022CitigroupInitiated CoverageBuy$60.00High
4/8/2022KeyCorpBoost TargetOverweight$50.00 ➝ $51.00High
1/20/2022KeyCorpBoost TargetOverweight$49.00 ➝ $50.00Low
1/10/2022Bank of AmericaInitiated CoverageBuy ➝ Buy$64.00Medium
11/3/2021KeyCorpBoost TargetOverweight$48.00 ➝ $49.00Low
10/19/2021KeyCorpBoost TargetOverweight$47.00 ➝ $48.00Low
9/21/2021MKM PartnersInitiated CoverageBuy$54.00Medium
9/16/2021KeyCorpBoost TargetOverweight$45.00 ➝ $47.00Low
9/9/2021KeyCorpInitiated CoverageOverweight$45.00Medium
9/8/2021Royal Bank of CanadaBoost TargetOutperform$44.00 ➝ $60.00Low
5/27/2021Royal Bank of CanadaInitiated CoverageOutperform$40.00Medium
3/17/2020Raymond JamesDowngradeOutperform ➝ Market PerformHigh
3/9/2020Bank of AmericaDowngradeNeutral ➝ UnderperformHigh
11/27/2019Imperial CapitalReiterated RatingBuy$11.00Low
8/5/2019Imperial CapitalLower TargetOutperform ➝ Positive$28.00 ➝ $20.00High
7/23/2019Bank of AmericaBoost TargetNeutral$21.00 ➝ $24.00Medium
5/13/2019Raymond JamesUpgradeMarket Perform ➝ Outperform$30.00High
4/12/2019The Goldman Sachs GroupDowngradeNeutral ➝ Sell$19.00 ➝ $20.00Low
3/28/2019MizuhoInitiated CoverageBuy ➝ Buy$35.00Low
1/4/2019Bank of AmericaDowngradeBuy ➝ Neutral$36.00High
12/20/2018Bank of AmericaDowngradeSell$10.00Low
10/11/2018Societe GeneraleUpgradeHold ➝ BuyMedium
9/21/2018Evercore ISIInitiated CoverageOutperform ➝ Outperform$55.00Low
5/17/2018Imperial CapitalSet TargetOutperform ➝ Outperform$35.00 ➝ $41.00High
5/7/2018Imperial CapitalBoost TargetOutperform ➝ Outperform$30.00 ➝ $35.00Medium
5/4/2018Bank of AmericaSet TargetBuy ➝ Buy$35.00 ➝ $38.00N/A
4/26/2018Societe GeneraleDowngradeBuy ➝ HoldMedium
(Data available from 3/26/2018 forward)

News Sentiment Rating

0.41 (Hold)

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
  • 6 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
8/28/2022
  • 1 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/27/2022
  • 0 very positive mentions
  • 8 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
10/27/2022
  • 4 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
11/26/2022
  • 2 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/26/2022
  • 5 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/25/2023
  • 5 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/24/2023
  • 5 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
3/26/2023

Current Sentiment

  • 5 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 1 very negative mentions

Recent Stories by Sentiment

Very Negative

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 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.
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Today's Range

Now: $37.04
Low: $35.19
High: $37.05

50 Day Range

MA: $41.50
Low: $35.32
High: $47.83

52 Week Range

Now: $37.04
Low: $34.02
High: $51.46

Volume

894,233 shs

Average Volume

996,430 shs

Market Capitalization

$2.63 billion

P/E Ratio

5.39

Dividend Yield

3.13%

Beta

1.11

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., Citigroup Inc., KeyCorp, Mizuho, MKM Partners, Roth Capital, Royal Bank of Canada, Stifel Nicolaus, StockNews.com, and TheStreet.
View the latest analyst ratings for CRC.

What is the current price target for California Resources?

7 Wall Street analysts have set twelve-month price targets for California Resources in the last year. Their average twelve-month price target is $56.86, suggesting a possible upside of 53.5%. Royal Bank of Canada has the highest price target set, predicting CRC will reach $65.00 in the next twelve months. MKM Partners has the lowest price target set, forecasting a price of $48.00 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 8 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe CRC will outperform the market and that investors should add to their positions of California Resources.
View the latest ratings for CRC.

What other companies compete with California Resources?

Other companies that are similar to California Resources include CNX Resources, Northern Oil and Gas, Comstock Resources, Kosmos Energy and Vermilion Energy. 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.