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California Resources (CRC) Stock Forecast & Price Target

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$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

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

TypeCurrent 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 Upside30.72% Upside10.03% Upside21.10% Upside17.60% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Buy

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.
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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.
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California Resources Stock vs. The Competition

TypeCalifornia ResourcesOils/Energy CompaniesS&P 500
Consensus Rating Score
2.92
2.63
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside30.72% Upside1,671.86% Upside14.54% Upside
News Sentiment Rating
Positive News

See Recent CRC News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/20/2024JPMorgan Chase & Co.
3 of 5 stars
 Initiated CoverageNeutral$63.00+23.58%
12/9/2024Capital One Financial
4 of 5 stars
P. Johnston
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UpgradeStrong-Buy
11/26/2024TD Cowen
5 of 5 stars
D. Deckelbaum
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Boost TargetBuy ➝ Buy$65.00 ➝ $74.00+27.74%
10/24/2024Jefferies Financial Group
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 Initiated CoverageBuy$64.00+21.70%
10/22/2024Stephens
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M. Scialla
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Initiated CoverageOverweight$73.00+44.84%
10/16/2024UBS Group
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J. Silverstein
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Initiated CoverageBuy$68.00+33.31%
10/3/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$55.00 ➝ $57.00+7.28%
9/5/2024Citigroup
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S. Gruber
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Boost TargetBuy ➝ Buy$63.00 ➝ $65.00+31.93%
8/21/2024Bank of America
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 UpgradeNeutral ➝ Buy$57.00 ➝ $65.00+31.39%
8/12/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$65.00 ➝ $65.00+36.41%
5/13/2024Mizuho
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 Boost TargetBuy ➝ Buy$63.00 ➝ $64.00+32.23%
4/23/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$68.00 ➝ $69.00+23.04%
9/21/2023Roth Mkm
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 Reiterated RatingBuy ➝ Buy$56.00+0.13%
2/4/2023Roth Capital
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L. Mariani
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Reiterated RatingBuy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:51 PM 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 research 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 research 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.


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