California Resources Corporation (CRC)
NYSE: CRC · Real-Time Price · USD
59.58
+1.42 (2.44%)
Nov 21, 2024, 4:00 PM EST - Market closed

California Resources Stock Forecast

Stock Price Forecast

The 10 analysts with 12-month price forecasts for CRC stock have an average target of 64.6, with a low estimate of 56 and a high estimate of 73. The average target predicts an increase of 8.43% from the current stock price of 59.58.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $56 $64.6 $65 $73
Change -6.01% +8.43% +9.10% +22.52%

Analyst Ratings

The average analyst rating for CRC stock from 10 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 Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 445577
Buy 222122
Hold 221111
Sell 000000
Strong Sell 000000
Total 88871010

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Jefferies
Jefferies
Strong Buy
Initiates
$64
Strong Buy Initiates $64 +7.42% Oct 24, 2024
Stephens & Co.
Stephens & Co.
Buy
Initiates
$73
Buy Initiates $73 +22.52% Oct 22, 2024
UBS
UBS
Strong Buy
Initiates
$68
Strong Buy Initiates $68 +14.13% Oct 16, 2024
Barclays
Barclays
Hold
Maintains
$55$57
Hold Maintains $55$57 -4.33% Oct 3, 2024
Citigroup
Citigroup
Strong Buy
Maintains
$63$65
Strong Buy Maintains $63$65 +9.10% Sep 5, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
2.90B
from 2.77B
Increased by 4.66%
Revenue Next Year
3.41B
from 2.90B
Increased by 17.65%
EPS This Year
4.07
from 7.78
Decreased by -47.63%
EPS Next Year
4.40
from 4.07
Increased by 7.99%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
2.69B1.59B2.53B3.22B2.77B2.90B3.41B3.28B
Revenue Growth
-12.08%-40.88%59.05%27.09%-14.01%4.66%17.65%-3.67%
EPS
-0.5731.987.376.757.784.074.404.77
EPS Growth
---76.96%-8.41%15.26%-47.63%7.99%8.44%
Forward PE
-----14.6213.5412.49
No. Analysts -----11119
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 3.4B 3.9B 3.7B
Avg 2.9B 3.4B 3.3B
Low 2.5B 2.9B 2.8B

Revenue Growth

Revenue Growth 202420252026
High
24.4%
34.7%
8.1%
Avg
4.7%
17.6%
-3.7%
Low
-11.3%
-0.9%
-17.8%

EPS Forecast

EPS 202420252026
High 5.06 6.77 6.77
Avg 4.07 4.40 4.77
Low 3.24 3.14 2.74

EPS Growth

EPS Growth 202420252026
High
-34.9%
66.2%
53.9%
Avg
-47.6%
8.0%
8.4%
Low
-58.3%
-23.0%
-37.6%
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.