California Resources Corporation (CRC)
NYSE: CRC · Real-Time Price · USD
54.26
-0.16 (-0.29%)
Jan 22, 2025, 4:00 PM EST - Market closed
California Resources Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for CRC stock have an average target of 66.38, with a low estimate of 56 and a high estimate of 75. The average target predicts an increase of 22.34% from the current stock price of 54.26.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for CRC stock from 13 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 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 7 | 8 | 8 | 9 |
| Buy | 2 | 1 | 2 | 2 | 2 | 2 |
| Hold | 1 | 1 | 1 | 1 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 7 | 10 | 11 | 12 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Buy Reiterates $70 | Buy | Reiterates | $70 | +29.01% | Jan 14, 2025 |
| Truist Securities | Truist Securities | Strong Buy Initiates $75 | Strong Buy | Initiates | $75 | +38.22% | Jan 13, 2025 |
| JP Morgan | JP Morgan | Hold Initiates $63 | Hold | Initiates | $63 | +16.11% | Dec 20, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $65 → $74 | Strong Buy | Maintains | $65 → $74 | +36.38% | Nov 26, 2024 |
| Jefferies | Jefferies | Strong Buy Initiates $64 | Strong Buy | Initiates | $64 | +17.95% | Oct 24, 2024 |
Financial Forecast
Revenue This Year
3.09B
from 2.77B
Increased by 11.64%
Revenue Next Year
3.40B
from 3.09B
Increased by 9.94%
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 | 3.7B | |
| Avg | 3.1B | 3.4B | 3.2B | |
| Low | 2.8B | 2.8B | 2.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 24.4% | 26.3% | 8.9% | |
| Avg | 11.6% | 9.9% | -4.4% | |
| Low | 1.8% | -8.4% | -20.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| 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 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| 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.