California Resources Corporation (CRC)
NYSE: CRC · IEX Real-Time Price · USD
54.90
-0.36 (-0.65%)
Apr 26, 2024, 4:00 PM EDT - Market closed
California Resources Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for CRC stock have an average target of 64, with a low estimate of 60 and a high estimate of 69. The average target predicts an increase of 16.58% from the current stock price of 54.90.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 5 | 4 | 4 | 4 | 4 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 0 | 0 | 1 | 1 | 1 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 7 | 7 | 7 | 7 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stifel | Stifel | Strong Buy Maintains $68 → $69 | Strong Buy | Maintains | $68 → $69 | +25.68% | Apr 23, 2024 |
| Barclays | Barclays | Hold Initiates $62 | Hold | Initiates | $62 | +12.93% | Apr 10, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $69 → $63 | Strong Buy | Maintains | $69 → $63 | +14.75% | Mar 22, 2024 |
| Stifel | Stifel | Strong Buy Maintains $72 → $68 | Strong Buy | Maintains | $72 → $68 | +23.86% | Mar 22, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains n/a | Strong Buy | Maintains | n/a | n/a | Mar 11, 2024 |
Financial Forecast
Revenue This Year
3.16B
from 2.80B
Increased by 12.67%
Revenue Next Year
3.63B
from 3.16B
Increased by 14.89%
EPS This Year
4.75
from 7.78
Decreased by -38.98%
EPS Next Year
6.56
from 4.75
Increased by 38.13%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.0B | 4.2B | 3.9B |
| Avg | 3.2B | 3.6B | 3.3B |
| Low | 2.4B | 3.0B | 2.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 41.0% | 31.9% | 7.3% |
| Avg | 12.7% | 14.9% | -9.0% |
| Low | -13.7% | -5.1% | -23.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.18 | 8.62 | 8.31 |
| Avg | 4.75 | 6.56 | 6.83 |
| Low | 3.86 | 5.16 | 5.51 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -20.5% | 81.6% | 26.7% |
| Avg | -39.0% | 38.1% | 4.2% |
| Low | -50.4% | 8.8% | -16.0% |
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.