California Resources Corporation (CRC)
NYSE: CRC · Real-Time Price · USD
50.56
-0.42 (-0.82%)
Dec 20, 2024, 4:00 PM EST - Market closed
California Resources Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for CRC stock have an average target of 65.25, with a low estimate of 56 and a high estimate of 74. The average target predicts an increase of 29.05% from the current stock price of 50.56.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for CRC stock from 12 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 5 | 5 | 7 | 8 | 8 |
| Buy | 2 | 2 | 1 | 2 | 2 | 2 |
| Hold | 2 | 1 | 1 | 1 | 1 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 7 | 10 | 11 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Hold Initiates $63 | Hold | Initiates | $63 | +24.60% | Dec 20, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $65 → $74 | Strong Buy | Maintains | $65 → $74 | +46.36% | Nov 26, 2024 |
| Jefferies | Jefferies | Strong Buy Initiates $64 | Strong Buy | Initiates | $64 | +26.58% | Oct 24, 2024 |
| Stephens & Co. | Stephens & Co. | Buy Initiates $73 | Buy | Initiates | $73 | +44.38% | Oct 22, 2024 |
| UBS | UBS | Strong Buy Initiates $68 | Strong Buy | Initiates | $68 | +34.49% | Oct 16, 2024 |
Financial Forecast
Revenue This Year
3.10B
from 2.77B
Increased by 12.14%
Revenue Next Year
3.37B
from 3.10B
Increased by 8.73%
EPS This Year
3.93
from 7.78
Decreased by -49.50%
EPS Next Year
4.29
from 3.93
Increased by 9.15%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 3.4B | 3.9B | 3.6B | |
| Avg | 3.1B | 3.4B | 3.2B | |
| Low | 2.8B | 2.9B | 2.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 24.4% | 25.7% | 7.9% | |
| Avg | 12.1% | 8.7% | -6.5% | |
| Low | 2.7% | -7.7% | -19.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 4.59 | 6.77 | 6.18 | |
| Avg | 3.93 | 4.29 | 4.54 | |
| Low | 3.24 | 2.72 | 2.69 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -41.0% | 72.4% | 44.2% | |
| Avg | -49.5% | 9.2% | 5.9% | |
| Low | -58.3% | -30.7% | -37.2% |
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.