California Resources (CRC) Stock Forecast & Price Target

$50.56 -0.42 (-0.82%)

(As of 12/20/2024 05:31 PM ET)

California Resources - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
0

Hold
2

Buy
10

Based on 12 Wall Street analysts who have issued ratings for California Resources in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 2 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for CRC.

Consensus Price Target

$66.09
30.72% Upside

According to the 12 analysts' twelve-month price targets for California Resources, the average price target is $66.09. The highest price target for CRC is $74.00, while the lowest price target for CRC is $57.00. The average price target represents a forecasted upside of 30.72% from the current price of $50.56.

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CRC Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)
Hold	2 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$66.09	$65.50	$64.00	$63.83
Forecasted Upside	30.72% Upside	10.03% Upside	21.10% Upside	17.60% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

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CRC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CRC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

California Resources Stock vs. The Competition

Type	California Resources	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.92	2.63	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	30.72% Upside	1,671.86% Upside	14.54% Upside
News Sentiment Rating	Positive News See Recent CRC News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/20/2024	JPMorgan Chase & Co. 3 of 5 stars		Initiated Coverage	Neutral	$63.00	+23.58%
12/9/2024	Capital One Financial 4 of 5 stars	P. Johnston Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
11/26/2024	TD Cowen 5 of 5 stars	D. Deckelbaum Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$65.00 ➝ $74.00	+27.74%
10/24/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$64.00	+21.70%
10/22/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Scialla Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$73.00	+44.84%
10/16/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Silverstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$68.00	+33.31%
Get the Latest News and Ratings for CRC and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for California Resources and its competitors with MarketBeat's FREE daily newsletter.
10/3/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$55.00 ➝ $57.00	+7.28%
9/5/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Gruber Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$63.00 ➝ $65.00	+31.93%
8/21/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$57.00 ➝ $65.00	+31.39%
8/12/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$65.00 ➝ $65.00	+36.41%
5/13/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$63.00 ➝ $64.00	+32.23%
4/23/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$68.00 ➝ $69.00	+23.04%
9/21/2023	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$56.00	+0.13%
2/4/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Mariani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:44 AM ET.

CRC Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for California Resources is $66.09, with a high forecast of $74.00 and a low forecast of $57.00.
: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last twelve months. There are currently 2 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CRC shares.
: According to analysts, California Resources's stock has a predicted upside of 30.72% based on their 12-month stock forecasts.
: Over the previous 90 days, California Resources's stock had 1 upgrade by analysts.
: California Resources has been rated by research analysts at Barclays, Capital One Financial, Jefferies Financial Group, JPMorgan Chase & Co., Stephens, TD Cowen, and UBS Group in the past 90 days.
: Analysts like California Resources more than other "oils/energy" companies. The consensus rating score for California Resources is 2.92 while the average consensus rating score for "oils/energy" companies is 2.63. Learn more on how CRC compares to other companies.

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This page (NYSE:CRC) was last updated on 12/21/2024 by MarketBeat.com Staff

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California Resources (CRC) Stock Forecast & Price Target