California Resources Corporation (CRC)
NYSE: CRC · Real-Time Price · USD
52.86
+0.93 (1.79%)
Nov 4, 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 22.21% from the current stock price of 52.86.
Analyst Consensus: Strong Buy
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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 5 | 5 | 7 |
| Buy | 2 | 2 | 2 | 2 | 1 | 2 |
| Hold | 2 | 2 | 2 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 8 | 8 | 7 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy Initiates $64 | Strong Buy | Initiates | $64 | +21.07% | Oct 24, 2024 |
| Stephens & Co. | Stephens & Co. | Buy Initiates $73 | Buy | Initiates | $73 | +38.10% | Oct 22, 2024 |
| UBS | UBS | Strong Buy Initiates $68 | Strong Buy | Initiates | $68 | +28.64% | Oct 16, 2024 |
| Barclays | Barclays | Hold Maintains $55 → $57 | Hold | Maintains | $55 → $57 | +7.83% | Oct 3, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $63 → $65 | Strong Buy | Maintains | $63 → $65 | +22.97% | Sep 5, 2024 |
Financial Forecast
Revenue This Year
2.86B
from 2.77B
Increased by 3.36%
Revenue Next Year
3.43B
from 2.86B
Increased by 20.03%
EPS This Year
4.00
from 7.78
Decreased by -48.58%
EPS Next Year
4.09
from 4.00
Increased by 2.28%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.2B | 4.1B | 3.7B |
| Avg | 2.9B | 3.4B | 3.3B |
| Low | 2.4B | 2.9B | 2.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.4% | 43.5% | 7.3% |
| Avg | 3.4% | 20.0% | -4.4% |
| Low | -12.3% | 0.3% | -18.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.06 | 6.36 | 6.77 |
| Avg | 4.00 | 4.09 | 4.31 |
| Low | 2.97 | 2.64 | 2.23 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -34.9% | 59.0% | 65.5% |
| Avg | -48.6% | 2.3% | 5.3% |
| Low | -61.8% | -33.9% | -45.4% |
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.