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CRC Overview

-
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
OverviewStock Price PredictionTechnicalValuationFinancialsEarningsShould I BuyNews & Events
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Intellectia

Loading chart...

High
51.520
Open
50.870
VWAP
50.96
Vol
769.03K
Mkt Cap
4.53B
Low
50.290
Amount
39.19M
EV/EBITDA(TTM)
5.03
Total Shares
88.79M
EV
5.75B
EV/OCF(TTM)
7.39
P/S(TTM)
1.26
California Resources Corporation is an independent energy and carbon management company committed to energy transition. The Company’s segments include Oil and Natural Gas and Carbon Management. Its Carbon Management business, Carbon TerraVault, focuses on building, installing, operating, and maintaining carbon dioxide equipment, transportation assets and storage facilities. The Oil and Natural Gas segment explores for, develops and produces crude oil, oil condensate, natural gas liquids and natural gas. It has operations in oil and gas basins, including San Joaquin Basin, Los Angeles Basin, Sacramento Basin, and other. It has interests in oil and gas fields throughout the San Joaquin basin, including in Elk Hills, Buena Vista, Coles Levee, North Belridge and South Belridge, Kern Front, Lost Hills, Cymric, McKittrick, Midway Sunset and Coalinga. The Los Angeles Basin is a northwest-trending plain about 50 miles long and 20 miles wide. The Company is also focused on Uinta basin.
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Events Timeline

(ET)
2026-05-26
07:20:00
California Resources Completes First CO2 Injection at Carbon TerraVault I
select
2026-05-05 (ET)
2026-05-05
16:50:00
Berry Merger Annual Synergy Target Increased to $90 - $100 Million
select
2026-05-05
16:50:00
Company Reports Q1 Revenue of $119M
select

News

NASDAQ.COM
4.5
07-06NASDAQ.COM
NASDAQ 100 Pre-Market Update Highlights Active Stocks
  • Market Performance: The NASDAQ 100 Pre-Market Indicator rose by 326.19 points to 29,655.4, indicating a rebound in investor confidence that may drive increased trading activity.
  • Active Stocks: Seer, Inc. (SEER) increased by $0.59 to $2.21 with a trading volume of 9,113,701 shares, reflecting strong performance following a 52-week high recorded in the previous session.
  • Nokia's Performance: Nokia Corporation (NOK) rose by $0.4201 to $12.49 with 6,146,039 shares traded, and the current mean recommendation is in the 'buy range', suggesting optimistic market sentiment regarding its growth prospects.
  • Oracle Earnings Outlook: Oracle Corporation (ORCL) gained $3.5766 to $143.85, with six upward revisions in earnings forecasts over the past four weeks, projecting an EPS of $1.39 for the fiscal quarter ending August 2026, indicating positive market expectations for its future performance.
NASDAQ.COM
2.0
06-22NASDAQ.COM
California Resources Corp Stock Enters Oversold Territory
  • Oversold Indicator: California Resources Corp's Relative Strength Index (RSI) has dropped to 29.9, below the oversold threshold of 30, indicating that the recent decline in stock price may be nearing exhaustion, thus providing potential buying opportunities for investors.
  • Dividend Yield: With a recent share price of $55.30, California Resources Corp offers an annualized dividend of $1.62, translating to an annual yield of 2.93%, making it attractive for income-seeking investors.
  • Market Comparison: Compared to the average RSI of 51.0 for covered dividend stocks, California Resources Corp's significantly lower RSI suggests that its stock price may be undervalued, potentially drawing more attention from dividend investors.
  • Investor Strategy: While dividend predictability is often limited, analyzing the company's dividend history can assist investors in assessing the likelihood of recent dividends continuing, enabling more informed investment decisions.
Newsfilter
8.5
06-16Newsfilter
California Resources Corporation Prices $550 Million Senior Notes Offering
  • Offering Overview: California Resources Corporation announced the pricing of $550 million in 7.250% senior unsecured notes due 2035, expected to close on June 26, 2026, indicating the company's active engagement in capital markets and financing capabilities.
  • Clear Use of Proceeds: The offering is estimated to yield approximately $541 million in net proceeds, which the company intends to use to redeem all outstanding $550 million of its 2029 senior notes at a redemption price of 104.125%, thereby reducing future interest burdens.
  • Subsidiary Guarantees: The new notes will be guaranteed by all existing subsidiaries, enhancing the security of the bonds and demonstrating the company's financial robustness, which is likely to boost investor confidence.
  • Compliance Statement: The notes are not registered under the Securities Act of 1933 and will only be offered to qualified institutional buyers, reflecting the company's cautious approach to legal compliance and ensuring the integrity of the offering process.
seekingalpha
8.5
05-26seekingalpha
California Resources Launches First Carbon Capture Project
  • First Carbon Capture Project: California Resources Corp. successfully achieved the first carbon dioxide injection at its Carbon TerraVault I project in Elk Hills, Kern County, marking California's first operational CCS project and enhancing the company's competitive position in the global CCS landscape.
  • Market Establishment: The project sources CO2 from the company's cryogenic gas plant and utilizes existing infrastructure to safely and permanently store captured CO2 over a mile underground in a depleted oil and gas reservoir, thereby establishing a market for CO2 storage from industrial sources.
  • Regulatory Approval: CTV I-26R is the first reservoir in California to receive final Class VI permits from the U.S. Environmental Protection Agency, demonstrating the project's leadership in compliance and environmental protection, which boosts investor confidence.
  • Future Potential: California Resources has submitted eight additional CTV storage reservoirs for EPA Class VI permitting, representing approximately 352 million metric tons of potential CO2 storage capacity to be developed in California, further solidifying its market leadership in the CCS sector.
seekingalpha
6.0
05-20seekingalpha
Citi Upgrades Ovintiv and CRC to Buy with Price Targets of $70 and $78
  • Rating Upgrade: Citi has upgraded Ovintiv (OVV) and California Resources (CRC) from Neutral to Buy, with price targets set at $70 and $78 respectively, indicating a rising relative value appeal in the exploration and production sector.
  • Financial Improvement: Analyst Scott Gruber notes that Ovintiv's acquisition of Montney peer Arc Resources should enhance its visibility in the play, while anticipated fund flows may offset AECO pricing pressures, further improving the company's financial health.
  • Production Outlook: Ovintiv's well productivity in Midland continues to show impressive improvement, which is expected to de-risk the volume outlook going forward and potentially set the stage for a type-curve uplift into 2027, with a forecasted net debt of approximately $2 billion by then.
  • Market Opportunity: Despite a pullback in California Resources' shares following earnings, Gruber sees this as an opportunity, as the core oil and gas business value has materially improved due to higher medium-term oil prices and a more favorable permitting environment in California.
CNBC
6.0
05-20CNBC
Latest Wall Street Rating Updates
  • Goldman Sachs Reiterates Buy on Broadcom: Goldman raised Broadcom's price target from $480 to $500, anticipating strong CapEx spending patterns from key customers, indicating that the upcoming earnings report may exceed market expectations.
  • Oppenheimer Upgrades Rubrik: Oppenheimer upgraded Rubrik from Perform to Outperform with a price target of $85, based on strong checks from value-added resellers, highlighting the product's competitive strength in the market.
  • UBS Upgrades Packaging Corp: UBS upgraded Packaging Corp from Neutral to Buy, expecting the $50/ton price hike to stick, which, combined with high utilization and prior capacity cuts, could add approximately $290 million in annualized EBITDA.
  • Deutsche Bank Upgrades Humana: Deutsche Bank believes there is still time to buy shares of Humana, upgrading its rating to Buy, as it anticipates a new rally in managed care organizations that is just beginning.
Wall Street analysts forecast CRC stock price to rise
9 Analyst Rating
Wall Street analysts forecast CRC stock price to rise
9 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
56.00
Averages
64.33
High
72.00
Current: 0.000
sliders
Low
56.00
Averages
64.33
High
72.00
Citi
Buy
to
Buy
downgrade
$78 -> $70
AI Analysis
2026-06-30
Reason
Citi
Price Target
$78 -> $70
AI Analysis
2026-06-30
downgrade
Buy
to
Buy
Reason
Citi lowered the firm's price target on California Resources to $70 from $78 and keeps a Buy rating on the shares. The recent fall in Brent prices has lowered the firm's forecast for both revenue and hedge losses, the analyst tells investors.
Mizuho
Nitin Kumar
Outperform
maintain
$86 -> $87
2026-05-27
Reason
Mizuho
Nitin Kumar
Price Target
$86 -> $87
2026-05-27
maintain
Outperform
Reason
Mizuho analyst Nitin Kumar raised the firm's price target on California Resources to $87 from $86 and keeps an Outperform rating on the shares. The firm expects the impact of Iran crisis on global oil prices and refining cracks to be prolonged. Mizuho increased its 2026 and 2027 oil price outlook by 25% and 6%, respectively, while raising its forecast for U.S. refining cracks by 61% and 51%. A pullback in stock valuations despite elevated commodity prices creates opportunity for investors to seek "alpha" in U.S. oil and gas, the analyst tells investors in a research note. Mizuho adjusted ratings and price targets in the group.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for CRC
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Valuation Metrics

The current forward P/E ratio for California Resources Corp (CRC.N) is 7.97, compared to its 5-year average forward P/E of 10.78. For a more detailed relative valuation and DCF analysis to assess California Resources Corp's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
10.78
Current PE
7.97
Overvalued PE
15.69
Undervalued PE
5.86

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
3.82
Current EV/EBITDA
-2.85
Overvalued EV/EBITDA
5.25
Undervalued EV/EBITDA
2.39

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
1.32
Current PS
1.21
Overvalued PS
1.51
Undervalued PS
1.14

Financials

AI Analysis
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Whales Holding CRC

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Private Management Group Inc
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Frequently Asked Questions

What is California Resources Corp (CRC) stock price today?

The current price of CRC is 51.07 USD — it has increased 1.49

What is California Resources Corp (CRC)'s business?

California Resources Corporation is an independent energy and carbon management company committed to energy transition. The Company’s segments include Oil and Natural Gas and Carbon Management. Its Carbon Management business, Carbon TerraVault, focuses on building, installing, operating, and maintaining carbon dioxide equipment, transportation assets and storage facilities. The Oil and Natural Gas segment explores for, develops and produces crude oil, oil condensate, natural gas liquids and natural gas. It has operations in oil and gas basins, including San Joaquin Basin, Los Angeles Basin, Sacramento Basin, and other. It has interests in oil and gas fields throughout the San Joaquin basin, including in Elk Hills, Buena Vista, Coles Levee, North Belridge and South Belridge, Kern Front, Lost Hills, Cymric, McKittrick, Midway Sunset and Coalinga. The Los Angeles Basin is a northwest-trending plain about 50 miles long and 20 miles wide. The Company is also focused on Uinta basin.

What is the price predicton of CRC Stock?

Wall Street analysts forecast CRC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRC is64.33 USD with a low forecast of 56.00 USD and a high forecast of 72.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is California Resources Corp (CRC)'s revenue for the last quarter?

California Resources Corp revenue for the last quarter amounts to 967.00M USD, increased 6.73

What is California Resources Corp (CRC)'s earnings per share (EPS) for the last quarter?

California Resources Corp. EPS for the last quarter amounts to -8.02 USD, decreased -736.51

How many employees does California Resources Corp (CRC). have?

California Resources Corp (CRC) has 2500 emplpoyees as of July 08 2026.

What is California Resources Corp (CRC) market cap?

Today CRC has the market capitalization of 4.53B USD.