California Resources Corporation operates as an independent oil and natural gas exploration and production company in the State of California. The company sells crude oil, natural gas, and natural gas liquids to marketers, California refineries, and other purchasers that have access to transportation and storage facilities. It holds interests in approximately 2.1 million net acres of mineral acreage. As of December 31, 2020, the company had proved reserves of 442 million barrels of oil equivalent. It also engages in the generation and sale of electricity to the local utility, other third parties, and the grid. The company was founded in 2014 and is based in Santa Clarita, California.
IPO Year: 2020
Exchange: NYSE
Website: crc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/30/2025 | $60.00 | Equal Weight → Overweight | Barclays |
| 4/7/2025 | $36.00 | Buy → Neutral | Citigroup |
| 1/13/2025 | $75.00 | Buy | Truist |
| 12/20/2024 | $63.00 | Neutral | Analyst |
| 10/24/2024 | $64.00 | Buy | Jefferies |
| 10/22/2024 | $73.00 | Overweight | Stephens |
| 10/16/2024 | $68.00 | Buy | UBS |
| 8/21/2024 | $57.00 → $65.00 | Neutral → Buy | BofA Securities |
| 8/2/2024 | $65.00 | Buy | TD Cowen |
| 7/19/2024 | $63.00 | Buy | Citigroup |