California Resources (CRC) Stock Forecast, Price Target & Predictions
CRC Stock Forecast
California Resources stock forecast is as follows: an average price target of $64.00 (represents a 28.18% upside from CRC’s last price of $49.93) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.
CRC Price Target
The average price target for California Resources (CRC) is $64.00 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $69.00 to $56.00. This represents a potential 28.18% upside from CRC's last price of $49.93.
CRC Analyst Ratings
According to 7 Wall Street analysts, California Resources's rating consensus is 'Buy'. The analyst rating breakdown for CRC stock is 0 'Strong Buy' (0.00%), 7 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
California Resources Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 11, 2024 | Nitin Kumar | Mizuho Securities | $64.00 | $47.50 | 34.74% | 28.18% |
| Sep 05, 2024 | Scott Gruber | Citigroup | $65.00 | $48.92 | 32.87% | 30.18% |
| Aug 21, 2024 | Kalei Akamine | Bank of America Securities | $65.00 | $49.49 | 31.34% | 30.18% |
| Jun 12, 2024 | Scott Hanold | RBC Capital | $65.00 | $46.40 | 40.09% | 30.18% |
| Apr 23, 2024 | Nate Pendleton | Stifel Nicolaus | $69.00 | $55.80 | 23.66% | 38.19% |
| Mar 22, 2024 | Nitin Kumar | Mizuho Securities | $63.00 | $53.06 | 18.73% | 26.18% |
| Sep 25, 2023 | Roth MKM Ratings | Roth Capital | $56.00 | $55.77 | 0.40% | 12.16% |
| Jul 14, 2023 | Nitin Kumar | Mizuho Securities | $60.00 | $45.56 | 31.69% | 20.17% |
The latest California Resources stock forecast, released on Sep 11, 2024 by Nitin Kumar from Mizuho Securities, set a price target of $64.00, which represents a 34.74% increase from the stock price at the time of the forecast ($47.50), and a 28.18% increase from CRC last price ($49.93).
California Resources Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 3 | 7 |
| Avg Price Target | $64.67 | $64.67 | $63.86 |
| Last Closing Price | $49.93 | $49.93 | $49.93 |
| Upside/Downside | 29.52% | 29.52% | 27.90% |
In the current month, the average price target of California Resources stock is $64.67, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 29.52% increase as opposed to California Resources's last price of $49.93. This month's average price target is down 0.00% compared to last quarter, and up 1.27% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 05, 2024 | RBC Capital | Buy | Buy | Hold |
| Sep 05, 2024 | Citigroup | Buy | Buy | Hold |
| Aug 21, 2024 | Bank of America Securities | Neutral | Buy | Upgrade |
| Aug 12, 2024 | RBC Capital | Buy | Buy | Hold |
| Aug 02, 2024 | Cowen & Co. | - | Buy | Initialise |
| Jul 19, 2024 | RBC Capital | Buy | Buy | Hold |
| Jun 12, 2024 | Stifel Nicolaus | Buy | Buy | Hold |
| Jun 12, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Apr 18, 2024 | Bank of America Securities | Neutral | Neutral | Hold |
| Apr 12, 2024 | William Blair | Outperform | Outperform | Hold |
California Resources's last stock rating was published by RBC Capital on Sep 05, 2024. The company gave CRC a "Buy" rating, the same as its previous rate.
California Resources Financial Forecast
California Resources Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $460.00M | $560.00M | $982.00M | $814.00M | $882.00M | - | $715.00M | $707.00M | $713.00M | $569.00M | $576.00M | $638.00M | $644.00M | $632.00M | $779.00M | $818.00M | $882.00M |
| Avg Forecast | $836.00M | $846.00M | $855.00M | $865.00M | $889.23M | $901.87M | $884.91M | $909.53M | $954.26M | $977.03M | $477.07M | $490.21M | $553.47M | $524.16M | $535.59M | $713.48M | $632.67M | $579.76M | $555.42M | $486.66M | $540.74M | $484.10M | $389.00M | $393.00M | $486.12M | $622.63M | $450.34M | $470.95M | $40.68M | $818.61M |
| High Forecast | $911.39M | $922.30M | $932.11M | $943.01M | $969.43M | $983.20M | $964.71M | $991.56M | $1.04B | $1.07B | $520.10M | $534.42M | $571.87M | $571.43M | $583.90M | $777.83M | $689.73M | $632.05M | $555.42M | $634.19M | $704.66M | $630.85M | $506.92M | $512.14M | $583.34M | $747.15M | $540.41M | $565.14M | $48.82M | $982.33M |
| Low Forecast | $761.23M | $770.34M | $778.53M | $787.64M | $809.70M | $821.21M | $805.76M | $828.19M | $868.91M | $889.65M | $434.40M | $446.36M | $535.07M | $477.28M | $487.69M | $649.67M | $576.08M | $527.91M | $555.42M | $402.35M | $447.07M | $400.24M | $321.61M | $324.92M | $388.89M | $498.10M | $360.28M | $376.76M | $32.54M | $654.88M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | 1 | 9 | 9 | 12 | 19 | 15 | 19 | 20 | 11 | 13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.88% | 1.05% | 1.38% | 1.29% | 1.52% | - | 1.47% | 1.31% | 1.47% | 1.46% | 1.47% | 1.31% | 1.03% | 1.40% | 1.65% | 20.11% | 1.08% |
California Resources's average Quarter revenue forecast for Dec 23 based on 3 analysts is $553.47M, with a low forecast of $535.07M, and a high forecast of $571.87M. CRC's average Quarter revenue forecast represents a 20.32% increase compared to the company's last Quarter revenue of $460.00M (Sep 23).
California Resources EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | 1 | 9 | 9 | 12 | 19 | 15 | 19 | 20 | 11 | 13 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $27.00M | $118.00M | $344.00M | $264.00M | $347.00M | - | $369.00M | $332.00M | $171.00M | $-44.00M | $-29.00M | $24.00M | $189.00M | $110.00M | $33.00M | $444.00M | $161.00M |
| Avg Forecast | $199.44M | $201.83M | $203.97M | $206.36M | $212.14M | $215.15M | $211.11M | $216.98M | $227.65M | $233.09M | $113.81M | $-185.54M | $132.04M | $125.05M | $127.77M | $-168.68M | $150.93M | $115.42M | $132.50M | $-153.34M | $129.00M | $104.93M | $92.80M | $93.76M | $16.50M | $526.25M | $341.55M | $102.91M | $9.70M | $148.53M |
| High Forecast | $217.43M | $220.03M | $222.37M | $224.97M | $231.27M | $234.56M | $230.15M | $236.55M | $248.18M | $254.11M | $124.08M | $-148.43M | $136.43M | $136.32M | $139.30M | $-134.94M | $164.54M | $138.51M | $132.50M | $-122.67M | $168.11M | $125.92M | $120.93M | $122.18M | $19.80M | $631.50M | $409.86M | $123.50M | $11.65M | $178.24M |
| Low Forecast | $181.60M | $183.77M | $185.73M | $187.90M | $193.17M | $195.91M | $192.23M | $197.58M | $207.29M | $212.24M | $103.63M | $-222.65M | $127.65M | $113.86M | $116.35M | $-202.41M | $137.43M | $92.34M | $132.50M | $-184.01M | $106.65M | $83.95M | $76.73M | $77.51M | $13.20M | $421.00M | $273.24M | $82.33M | $7.76M | $118.83M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.22% | 0.92% | -2.04% | 1.75% | 3.01% | - | -2.41% | 2.57% | 1.63% | -0.47% | -0.31% | 1.45% | 0.36% | 0.32% | 0.32% | 45.75% | 1.08% |
3 analysts predict CRC's average Quarter EBITDA for Dec 23 to be $132.04M, with a high of $136.43M and a low of $127.65M. This is 389.03% upper than California Resources's previous annual EBITDA (Sep 23) of $27.00M.
California Resources Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | 1 | 9 | 9 | 12 | 19 | 15 | 19 | 20 | 11 | 13 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $-22.00M | $97.00M | $301.00M | $83.00M | $426.00M | - | $-175.00M | $714.00M | $103.00M | $-111.00M | $-94.00M | $-67.00M | $94.00M | $12.00M | $-67.00M | $346.00M | $66.00M |
| Avg Forecast | $86.80M | $88.20M | $90.30M | $91.70M | $106.42M | $114.46M | $97.95M | $96.73M | $100.33M | $110.84M | $58.38M | $-233.60M | $69.42M | $61.48M | $51.62M | $-212.36M | $101.47M | $69.52M | $130.29M | $-193.06M | $151.11M | $63.20M | $60.01M | $88.21M | $-46.07M | $261.73M | $37.26M | $-208.95M | $8.87B | $60.89M |
| High Forecast | $96.98M | $98.54M | $100.89M | $102.45M | $118.90M | $127.88M | $109.43M | $108.07M | $112.09M | $125.78M | $65.23M | $-186.88M | $83.16M | $68.69M | $57.67M | $-169.89M | $113.37M | $83.43M | $130.29M | $-154.44M | $210.66M | $75.85M | $83.66M | $122.97M | $-36.85M | $314.08M | $44.71M | $-167.16M | $10.65B | $73.07M |
| Low Forecast | $76.71M | $77.95M | $79.80M | $81.04M | $94.05M | $101.15M | $86.56M | $85.48M | $88.66M | $94.65M | $51.59M | $-280.32M | $51.55M | $54.33M | $45.61M | $-254.83M | $89.67M | $55.62M | $130.29M | $-231.67M | $117.08M | $50.56M | $46.50M | $68.34M | $-55.28M | $209.38M | $29.81M | $-250.74M | $7.10B | $48.71M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.36% | 1.88% | -1.42% | 0.82% | 6.13% | - | 0.91% | 4.73% | 1.63% | -1.85% | -1.07% | 1.45% | 0.36% | 0.32% | 0.32% | 0.04% | 1.08% |
California Resources's average Quarter net income forecast for Sep 23 is $61.48M, with a range of $54.33M to $68.69M. CRC's average Quarter net income forecast represents a -36.62% decrease compared to the company's last Quarter net income of $97.00M (Jun 23).
California Resources SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | 1 | 9 | 9 | 12 | 19 | 15 | 19 | 20 | 11 | 13 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $143.00M | $71.00M | $65.00M | $59.00M | $59.00M | - | $48.00M | $53.00M | $51.00M | $48.00M | $48.00M | $183.00M | $194.00M | $180.00M | $282.00M | $250.00M | $279.00M |
| Avg Forecast | $84.49M | $85.50M | $86.41M | $87.42M | $89.87M | $91.15M | $89.44M | $91.92M | $96.44M | $98.75M | $48.22M | $64.07M | $55.94M | $52.97M | $54.13M | $58.25M | $63.94M | $34.42M | $56.13M | $52.95M | $54.65M | $31.30M | $39.32M | $39.72M | $125.82M | $540.17M | $45.51M | $47.60M | $4.11M | $257.39M |
| High Forecast | $92.11M | $93.21M | $94.21M | $95.31M | $97.98M | $99.37M | $97.50M | $100.21M | $105.14M | $107.65M | $52.56M | $76.89M | $57.80M | $57.75M | $59.01M | $69.90M | $69.71M | $41.31M | $56.13M | $63.54M | $71.22M | $37.55M | $51.23M | $51.76M | $150.99M | $648.20M | $54.62M | $57.12M | $4.93M | $308.87M |
| Low Forecast | $76.94M | $77.86M | $78.68M | $79.60M | $81.83M | $83.00M | $81.44M | $83.70M | $87.82M | $89.91M | $43.90M | $51.26M | $54.08M | $48.24M | $49.29M | $46.60M | $58.22M | $27.54M | $56.13M | $42.36M | $45.18M | $25.04M | $32.50M | $32.84M | $100.66M | $432.13M | $36.41M | $38.08M | $3.29M | $205.92M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.70% | 1.31% | 1.12% | 0.92% | 1.71% | - | 0.91% | 0.97% | 1.63% | 1.22% | 1.21% | 1.45% | 0.36% | 3.95% | 5.92% | 60.81% | 1.08% |
California Resources's average Quarter SG&A projection for Dec 23 is $55.94M, based on 3 Wall Street analysts, with a range of $54.08M to $57.80M. The forecast indicates a -60.88% fall compared to CRC last annual SG&A of $143.00M (Sep 23).
California Resources EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | 1 | 9 | 9 | 12 | 19 | 15 | 19 | 20 | 11 | 13 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.32 | $1.39 | $4.22 | $1.14 | $5.75 | - | $-2.23 | $8.91 | $1.26 | $-1.34 | $-1.13 | $-1.36 | $1.89 | $0.25 | $-1.38 | $7.00 | $1.34 |
| Avg Forecast | $1.24 | $1.26 | $1.29 | $1.31 | $1.52 | $1.64 | $1.40 | $1.38 | $1.43 | $1.58 | $0.83 | $0.71 | $0.99 | $0.88 | $0.74 | $2.02 | $1.45 | $1.41 | $1.89 | $1.31 | $2.09 | $1.46 | $0.83 | $1.22 | $0.25 | $-0.89 | $0.62 | $-1.34 | $-0.51 | $0.33 |
| High Forecast | $1.39 | $1.41 | $1.44 | $1.46 | $1.70 | $1.83 | $1.56 | $1.54 | $1.60 | $1.80 | $0.93 | $0.79 | $1.19 | $0.98 | $0.82 | $2.26 | $1.62 | $1.57 | $1.89 | $1.83 | $2.91 | $2.03 | $1.16 | $1.70 | $0.31 | $-0.71 | $0.75 | $-1.07 | $-0.41 | $0.40 |
| Low Forecast | $1.10 | $1.11 | $1.14 | $1.16 | $1.34 | $1.45 | $1.24 | $1.22 | $1.27 | $1.35 | $0.74 | $0.63 | $0.74 | $0.78 | $0.65 | $1.78 | $1.28 | $1.25 | $1.89 | $1.02 | $1.62 | $1.13 | $0.64 | $0.95 | $0.20 | $-1.07 | $0.50 | $-1.61 | $-0.62 | $0.27 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.36% | 1.89% | 2.09% | 0.79% | 4.08% | - | -1.70% | 4.26% | 0.86% | -1.61% | -0.93% | -5.44% | -2.12% | 0.40% | 1.03% | -13.73% | 4.06% |
According to 1 Wall Street analysts, California Resources's projected average Quarter EPS for Sep 23 is $0.88, with a low estimate of $0.78 and a high estimate of $0.98. This represents a -36.82% decrease compared to CRC previous annual EPS of $1.39 (Jun 23).
California Resources Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| GPRK | GeoPark | $7.61 | $17.00 | 123.39% | Buy |
| CIVI | Civitas Resources | $52.95 | $92.63 | 74.94% | Buy |
| MTDR | Matador Resources Company | $49.84 | $78.00 | 56.50% | Buy |
| CHRD | Chord Energy | $134.05 | $204.38 | 52.47% | Buy |
| BRY | Berry | $5.42 | $7.00 | 29.15% | Hold |
| CRC | California Resources | $49.93 | $64.00 | 28.18% | Buy |
| GPOR | Gulfport Energy | $143.04 | $171.50 | 19.90% | Buy |
| MGY | Magnolia Oil & Gas | $23.84 | $25.31 | 6.17% | Buy |
| CNX | CNX Resources | $27.34 | $26.75 | -2.16% | Hold |
| CRK | Comstock Resources | $10.02 | $8.33 | -16.87% | Hold |
CRC Forecast FAQ
Is California Resources a good buy?
Yes, according to 7 Wall Street analysts, California Resources (CRC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 100.00% of CRC's total ratings.
What is CRC's price target?
California Resources (CRC) average price target is $64 with a range of $56 to $69, implying a 28.18% from its last price of $49.93. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will California Resources stock go up soon?
According to Wall Street analysts' prediction for CRC stock, the company can go up by 28.18% (from the last price of $49.93 to the average price target of $64), up by 38.19% based on the highest stock price target, and up by 12.16% based on the lowest stock price target.
Can California Resources stock reach $70?
CRC's average twelve months analyst stock price target of $64 does not support the claim that California Resources can reach $70 in the near future.
What is California Resources's current price target trend?
3 Wall Street analysts forecast a $64.67 price target for California Resources (CRC) this month, up 29.52% from its last price of $49.93. Compared to the last 3 and 12 months, the average price target increased by 29.52% and increased by 27.90%, respectively.
What are California Resources's analysts' financial forecasts?
California Resources's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $3.59B (high $3.91B, low $3.26B), average EBITDA is $855.39M (high $932.53M, low $778.88M), average net income is $415.56M (high $464.28M, low $367.25M), average SG&A $362.38M (high $395.06M, low $329.97M), and average EPS is $5.94 (high $6.63, low $5.25). CRC's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.4B (high $3.71B, low $3.1B), average EBITDA is $811.6M (high $884.79M, low $739.01M), average net income is $357M (high $398.86M, low $315.49M), average SG&A $343.83M (high $374.84M, low $313.08M), and average EPS is $5.1 (high $5.7, low $4.51).
Did the CRC's actual financial results beat the analysts' financial forecasts?
Based on California Resources's last annual report (Dec 2022), the company's revenue was $3.26B, beating the average analysts forecast of $2.25B by 44.51%. Apple's EBITDA was $1.31B, beating the average prediction of $245.52M by 432.75%. The company's net income was $524M, beating the average estimation of $108.23M by 384.16%. Apple's SG&A was $222M, beating the average forecast of $207.45M by 7.01%. Lastly, the company's EPS was $6.39, beating the average prediction of $6.06 by 5.42%. In terms of the last quarterly report (Sep 2023), California Resources's revenue was $460M, missing the average analysts' forecast of $524.16M by -12.24%. The company's EBITDA was $27M, missing the average prediction of $125.05M by -78.41%. California Resources's net income was $-22M, missing the average estimation of $61.48M by -135.78%. The company's SG&A was $143M, beating the average forecast of $52.97M by 169.94%. Lastly, the company's EPS was $-0.32, missing the average prediction of $0.878 by -136.44%