California Resources (CRC) Stock Forecast, Price Target & Predictions

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CRC Stock Forecast

California Resources stock forecast is as follows: an average price target of $65.44 (represents a 13.85% upside from CRC’s last price of $57.48) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.

CRC Price Target

The average price target for California Resources (CRC) is $65.44 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $73.00 to $56.00. This represents a potential 13.85% upside from CRC's last price of $57.48.

CRC Analyst Ratings

Buy

According to 11 Wall Street analysts, California Resources's rating consensus is 'Buy'. The analyst rating breakdown for CRC stock is 0 'Strong Buy' (0.00%), 10 'Buy' (90.91%), 1 'Hold' (9.09%), 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
Oct 24, 2024	Michael Schwartz	Jefferies	$64.00	$52.58	21.72%	11.34%
Oct 21, 2024	Mike Scialla	Stephens	$73.00	$50.41	44.81%	27.00%
Oct 16, 2024	Josh Silverstein	UBS	$68.00	$51.03	33.25%	18.30%
Sep 11, 2024	Nitin Kumar	Mizuho Securities	$64.00	$47.50	34.74%	11.34%
Sep 05, 2024	Scott Gruber	Citigroup	$65.00	$48.92	32.87%	13.08%
Aug 21, 2024	Kalei Akamine	Bank of America Securities	$65.00	$49.49	31.34%	13.08%
Jun 12, 2024	Scott Hanold	RBC Capital	$65.00	$46.40	40.09%	13.08%
Apr 23, 2024	Nate Pendleton	Stifel Nicolaus	$69.00	$55.80	23.66%	20.04%
Mar 22, 2024	Nitin Kumar	Mizuho Securities	$63.00	$53.06	18.73%	9.60%
Sep 25, 2023	Roth MKM Ratings	Roth Capital	$56.00	$55.77	0.40%	-2.57%

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The latest California Resources stock forecast, released on Oct 24, 2024 by Michael Schwartz from Jefferies, set a price target of $64.00, which represents a 21.72% increase from the stock price at the time of the forecast ($52.58), and a 11.34% increase from CRC last price ($57.48).

California Resources Price Target by Period

	1M	3M	12M
# Anlaysts	3	6	9
Avg Price Target	$68.33	$66.50	$66.22
Last Closing Price	$57.48	$57.48	$57.48
Upside/Downside	18.88%	15.69%	15.21%

In the current month, the average price target of California Resources stock is $68.33, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 18.88% increase as opposed to California Resources's last price of $57.48. This month's average price target is up 2.75% compared to last quarter, and up 3.19% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 23, 2024	Jefferies	-	Buy	Initialise
Oct 22, 2024	UBS	Buy	Buy	Hold
Oct 21, 2024	Stephens	-	Overweight	Initialise
Oct 16, 2024	UBS	-	Buy	Initialise
Oct 03, 2024	RBC Capital	Buy	Buy	Hold
Oct 02, 2024	Barclays	Equal-Weight	Equal-Weight	Hold
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

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California Resources's last stock rating was published by Jefferies on Oct 23, 2024. The company Initialise its CRC rating from "null" to "Buy".

California Resources Financial Forecast

California Resources Revenue Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Mar 19	Mar 18
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$460.00M	$560.00M	$982.00M	$814.00M	$882.00M	$847.00M	$715.00M	$707.00M	$713.00M	$569.00M	$576.00M	$779.00M	$647.00M
Avg Forecast	$1.74B	$1.71B	$1.68B	$1.65B	$848.76M	$879.60M	$841.54M	$841.81M	$837.95M	$862.96M	$836.85M	$857.67M	$902.25M	$973.13M	$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	$470.95M	$2.61B
High Forecast	$1.87B	$1.84B	$1.80B	$1.77B	$911.48M	$944.59M	$903.73M	$904.01M	$899.87M	$926.72M	$898.68M	$906.50M	$927.19M	$974.00M	$477.07M	$490.21M	$571.87M	$525.06M	$575.17M	$766.20M	$679.42M	$579.76M	$555.42M	$486.66M	$540.74M	$484.10M	$389.00M	$393.00M	$565.14M	$3.13B
Low Forecast	$1.61B	$1.57B	$1.54B	$1.51B	$780.97M	$809.34M	$774.33M	$774.57M	$771.02M	$794.03M	$770.00M	$808.84M	$877.32M	$972.27M	$477.07M	$490.21M	$535.07M	$523.25M	$492.82M	$656.49M	$582.14M	$579.76M	$555.42M	$486.66M	$540.74M	$484.10M	$389.00M	$393.00M	$376.76M	$2.08B
# Analysts	4	4	4	4	4	4	4	4	3	3	3	5	5	4	1	1	3	1	1	1	1	1	1	1	1	1	10	10	20	14
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.88%	1.05%	1.38%	1.29%	1.52%	1.52%	1.47%	1.31%	1.47%	1.46%	1.47%	1.65%	0.25%

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 27	Sep 27	Jun 27	Mar 27	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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Mar 19	Mar 18
# Analysts	4	4	4	4	4	4	4	4	3	3	3	5	5	4	1	1	3	1	1	1	1	1	1	1	1	1	10	10	20	14
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$27.00M	$118.00M	$344.00M	$264.00M	$347.00M	$377.00M	$369.00M	$332.00M	$171.00M	$-44.00M	$-29.00M	$33.00M	$90.00M
Avg Forecast	$416.14M	$408.08M	$400.19M	$392.44M	$202.48M	$209.84M	$200.76M	$200.83M	$199.91M	$205.87M	$199.64M	$204.61M	$215.25M	$232.16M	$113.81M	$-185.54M	$132.04M	$125.05M	$127.77M	$-168.68M	$20.87M	$138.31M	$132.50M	$-153.34M	$129.00M	$104.93M	$92.80M	$93.76M	$102.91M	$180.94M
High Forecast	$446.89M	$438.24M	$429.76M	$421.44M	$217.45M	$225.35M	$215.60M	$215.67M	$214.68M	$221.08M	$214.39M	$216.26M	$221.19M	$232.36M	$113.81M	$-148.43M	$136.43M	$125.26M	$137.22M	$-134.94M	$25.05M	$138.31M	$132.50M	$-122.67M	$129.00M	$125.92M	$92.80M	$93.76M	$123.50M	$217.12M
Low Forecast	$382.90M	$375.49M	$368.22M	$361.10M	$186.31M	$193.08M	$184.73M	$184.79M	$183.94M	$189.43M	$183.70M	$192.96M	$209.30M	$231.95M	$113.81M	$-222.65M	$127.65M	$124.83M	$117.57M	$-202.41M	$16.70M	$138.31M	$132.50M	$-184.01M	$129.00M	$83.95M	$92.80M	$93.76M	$82.33M	$144.75M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.22%	0.92%	-2.04%	12.65%	2.51%	2.85%	-2.41%	2.57%	1.63%	-0.47%	-0.31%	0.32%	0.50%

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 27	Sep 27	Jun 27	Mar 27	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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Mar 19	Mar 18
# Analysts	4	4	4	4	4	4	4	4	3	3	3	5	5	4	1	1	3	1	1	1	1	1	1	1	1	1	10	10	20	14
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-22.00M	$97.00M	$301.00M	$83.00M	$426.00M	$190.00M	$-175.00M	$714.00M	$103.00M	$-111.00M	$-94.00M	$-67.00M	$-2.00M
Avg Forecast	$53.28M	$50.58M	$45.11M	$130.43M	$115.75M	$123.76M	$98.62M	$100.06M	$101.27M	$115.34M	$90.15M	$95.08M	$98.27M	$114.51M	$76.06M	$-233.60M	$90.44M	$80.10M	$67.25M	$-212.36M	$-58.27M	$98.62M	$132.18M	$-193.06M	$146.30M	$63.20M	$58.10M	$85.40M	$-208.95M	$-4.02M
High Forecast	$58.40M	$55.44M	$49.44M	$142.96M	$126.87M	$135.65M	$108.09M	$109.67M	$111.00M	$126.42M	$98.81M	$104.21M	$107.71M	$125.50M	$83.37M	$-186.88M	$108.35M	$80.77M	$73.71M	$-169.89M	$-46.62M	$98.62M	$132.18M	$-154.44M	$146.30M	$75.85M	$58.10M	$85.40M	$-167.16M	$-3.22M
Low Forecast	$47.75M	$45.33M	$40.42M	$116.89M	$103.73M	$110.91M	$88.38M	$89.67M	$90.75M	$103.36M	$80.79M	$85.20M	$88.07M	$102.62M	$68.17M	$-280.32M	$67.16M	$79.43M	$60.27M	$-254.83M	$-69.93M	$98.62M	$132.18M	$-231.67M	$146.30M	$50.56M	$58.10M	$85.40M	$-250.74M	$-4.82M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.27%	1.44%	-1.42%	-1.42%	4.32%	1.44%	0.91%	4.88%	1.63%	-1.91%	-1.10%	0.32%	0.50%

California Resources's average Quarter net income forecast for Sep 23 is $80.10M, with a range of $79.43M to $80.77M. CRC's average Quarter net income forecast represents a -17.42% decrease compared to the company's last Quarter net income of $97.00M (Jun 23).

California Resources SG&A Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Mar 19	Mar 18
# Analysts	4	4	4	4	4	4	4	4	3	3	3	5	5	4	1	1	3	1	1	1	1	1	1	1	1	1	10	10	20	14
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$143.00M	$71.00M	$65.00M	$59.00M	$59.00M	$56.00M	$48.00M	$53.00M	$51.00M	$48.00M	$48.00M	$282.00M	$170.00M
Avg Forecast	$176.29M	$172.88M	$169.54M	$166.26M	$85.78M	$88.90M	$85.05M	$85.08M	$84.69M	$87.22M	$84.58M	$86.68M	$91.19M	$98.35M	$48.22M	$64.07M	$55.94M	$52.97M	$54.13M	$58.25M	$159.17M	$58.59M	$56.13M	$52.95M	$54.65M	$31.30M	$39.32M	$39.72M	$47.60M	$341.77M
High Forecast	$189.32M	$185.66M	$182.06M	$178.54M	$92.12M	$95.47M	$91.34M	$91.37M	$90.95M	$93.66M	$90.83M	$91.62M	$93.71M	$98.44M	$48.22M	$76.89M	$57.80M	$53.07M	$58.13M	$69.90M	$191.00M	$58.59M	$56.13M	$63.54M	$54.65M	$37.55M	$39.32M	$39.72M	$57.12M	$410.12M
Low Forecast	$162.21M	$159.07M	$156.00M	$152.98M	$78.93M	$81.80M	$78.26M	$78.28M	$77.92M	$80.25M	$77.82M	$81.75M	$88.67M	$98.26M	$48.22M	$51.26M	$54.08M	$52.88M	$49.81M	$46.60M	$127.33M	$58.59M	$56.13M	$42.36M	$54.65M	$25.04M	$39.32M	$39.72M	$38.08M	$273.41M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.70%	1.31%	1.12%	0.37%	1.01%	1.00%	0.91%	0.97%	1.63%	1.22%	1.21%	5.92%	0.50%

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 27	Sep 27	Jun 27	Mar 27	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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Mar 19	Mar 18
# Analysts	4	4	4	4	4	4	4	4	3	3	3	5	5	4	1	1	3	1	1	1	1	1	1	1	1	1	10	10	20	14
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-0.32	$1.39	$4.22	$1.14	$5.75	$2.48	$-2.23	$8.91	$1.26	$-1.34	$-1.13	$-1.38	$-0.05
Avg Forecast	$0.58	$0.55	$0.49	$1.43	$1.27	$1.36	$1.08	$1.10	$1.11	$1.26	$0.99	$1.04	$1.08	$1.26	$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	$-1.34	$-1.55
High Forecast	$0.64	$0.61	$0.54	$1.57	$1.39	$1.49	$1.19	$1.20	$1.22	$1.39	$1.08	$1.14	$1.18	$1.38	$0.91	$0.71	$1.19	$0.89	$0.81	$2.21	$1.59	$1.41	$1.89	$1.37	$2.09	$1.46	$0.83	$1.22	$-1.07	$-1.24
Low Forecast	$0.52	$0.50	$0.44	$1.28	$1.14	$1.22	$0.97	$0.98	$1.00	$1.13	$0.89	$0.93	$0.97	$1.13	$0.75	$0.71	$0.74	$0.87	$0.66	$1.81	$1.30	$1.41	$1.89	$1.26	$2.09	$1.46	$0.83	$1.22	$-1.61	$-1.86
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.36%	1.89%	2.09%	0.79%	4.08%	1.31%	-1.70%	4.26%	0.86%	-1.61%	-0.93%	1.03%	0.03%

According to 1 Wall Street analysts, California Resources's projected average Quarter EPS for Sep 23 is $0.88, with a low estimate of $0.87 and a high estimate of $0.89. 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	$8.21	$17.00	107.06%	Buy
CIVI	Civitas Resources	$51.14	$84.70	65.62%	Buy
BRY	Berry	$4.33	$7.00	61.66%	Hold
CHRD	Chord Energy	$129.05	$195.36	51.38%	Buy
MTDR	Matador Resources Company	$57.99	$73.11	26.07%	Buy
CRC	California Resources	$57.48	$65.44	13.85%	Buy
GPOR	Gulfport Energy	$161.16	$170.40	5.73%	Buy
MGY	Magnolia Oil & Gas	$27.08	$25.06	-7.46%	Buy
CNX	CNX Resources	$38.65	$26.75	-30.79%	Hold
CRK	Comstock Resources	$13.78	$9.25	-32.87%	Hold

CRC Forecast FAQ

Is California Resources a good buy?

Yes, according to 11 Wall Street analysts, California Resources (CRC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 90.91% of CRC's total ratings.

What is CRC's price target?

California Resources (CRC) average price target is $65.44 with a range of $56 to $73, implying a 13.85% from its last price of $57.48. The data is based on 11 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 13.85% (from the last price of $57.48 to the average price target of $65.44), up by 27.00% based on the highest stock price target, and down by -2.57% based on the lowest stock price target.

Can California Resources stock reach $90?

CRC's average twelve months analyst stock price target of $65.44 does not support the claim that California Resources can reach $90 in the near future.

What is California Resources's current price target trend?

3 Wall Street analysts forecast a $68.33 price target for California Resources (CRC) this month, up 18.88% from its last price of $57.48. Compared to the last 3 and 12 months, the average price target increased by 15.69% and increased by 15.21%, respectively.

What are California Resources's analysts' financial forecasts?

California Resources's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.41B (high $3.66B, low $3.14B), average EBITDA is $813.92M (high $874.06M, low $748.91M), average net income is $438.19M (high $480.28M, low $392.69M), average SG&A $344.81M (high $370.29M, low $317.27M), and average EPS is $4.8 (high $5.27, low $4.31). CRC's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $6.78B (high $7.28B, low $6.24B), average EBITDA is $1.62B (high $1.74B, low $1.49B), average net income is $279.4M (high $306.24M, low $250.39M), average SG&A $684.97M (high $735.58M, low $630.26M), and average EPS is $3.06 (high $3.36, low $2.75).

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 $138.35M by 845.45%. The company's net income was $524M, missing the average estimation of $-20.534M by -2651.92%. Apple's SG&A was $222M, missing the average forecast of $326.85M by -32.08%. 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 $80.1M by -127.47%. 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%