California Resources Corporation (CRC)
NYSE: CRC · IEX Real-Time Price · USD
51.89
-0.38 (-0.73%)
At close: Jul 19, 2024, 4:00 PM
51.79
-0.10 (-0.19%)
After-hours: Jul 20, 2024, 12:58 PM EDT
California Resources Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for CRC stock have an average target of 63.83, with a low estimate of 60 and a high estimate of 69. The average target predicts an increase of 23.01% from the current stock price of 51.89.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for CRC stock from 8 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 1 | 1 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 8 | 8 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Initiates $63 | Strong Buy | Initiates | $63 | +21.41% | Jul 19, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $65 | Buy | Reiterates | $65 | +25.26% | Jun 14, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $65 | Buy | Reiterates | $65 | +25.26% | Jun 12, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $63 → $64 | Strong Buy | Maintains | $63 → $64 | +23.34% | May 13, 2024 |
| Stifel | Stifel | Strong Buy Maintains $68 → $69 | Strong Buy | Maintains | $68 → $69 | +32.97% | Apr 23, 2024 |
Financial Forecast
Revenue This Year
2.98B
from 2.80B
Increased by 6.21%
Revenue Next Year
3.66B
from 2.98B
Increased by 23.13%
EPS This Year
5.21
from 7.78
Decreased by -33.06%
EPS Next Year
6.80
from 5.21
Increased by 30.52%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.4B | 4.2B | 3.0B |
| Avg | 3.0B | 3.7B | 2.9B |
| Low | 2.6B | 3.2B | 2.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 19.9% | 41.9% | -17.4% |
| Avg | 6.2% | 23.1% | -20.5% |
| Low | -6.3% | 6.3% | -22.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.78 | 9.38 | 7.14 |
| Avg | 5.21 | 6.80 | 6.45 |
| Low | 4.35 | 5.05 | 5.86 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -25.8% | 80.0% | 5.0% |
| Avg | -33.1% | 30.5% | -5.1% |
| Low | -44.1% | -3.1% | -13.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.