Several analysts have recently updated their ratings and price targets for California Resources (NYSE: CRC):
- 7/17/2026 – California Resources was given a new $85.00 price target by Stephens. They now have an “overweight” rating on the stock.
- 7/15/2026 – California Resources was downgraded by Zacks Research from “hold” to “strong sell”.
- 7/14/2026 – California Resources was downgraded by Weiss Ratings from “hold (c-)” to “sell (d+)”.
- 7/13/2026 – California Resources had its “buy” rating reaffirmed by UBS Group AG. They now have a $70.00 price target on the stock, down from $78.00.
- 6/30/2026 – California Resources had its price target lowered by Citigroup Inc. from $78.00 to $70.00. They now have a “buy” rating on the stock.
- 6/23/2026 – California Resources was downgraded by Wall Street Zen from “buy” to “hold”.
- 6/15/2026 – California Resources was upgraded by Wall Street Zen from “hold” to “buy”.
- 6/7/2026 – California Resources was downgraded by Wall Street Zen from “buy” to “hold”.
- 5/30/2026 – California Resources was upgraded by Wall Street Zen from “hold” to “buy”.
- 5/27/2026 – California Resources had its price target raised by Mizuho from $86.00 to $87.00. They now have an “outperform” rating on the stock.
- 5/26/2026 – California Resources had its price target raised by Barclays PLC from $72.00 to $80.00. They now have an “overweight” rating on the stock.
- 5/25/2026 – California Resources was downgraded by Zacks Research from “strong-buy” to “hold”.
California Resources Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 29th were paid a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, May 29th. California Resources’s payout ratio is presently -31.15%.
Insider Buying and Selling
In other California Resources news, EVP Jay A. Bys sold 11,907 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $54.00, for a total value of $642,978.00. Following the sale, the executive vice president owned 159,424 shares in the company, valued at approximately $8,608,896. This trade represents a 6.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.53% of the company’s stock.
California Resources Corporation (NYSE: CRC) is an independent exploration and production company focused exclusively on developing oil and natural gas assets in California. Headquartered in Newport Beach, the company engages in hydraulic fracturing, well completions, reservoir management and enhanced recovery operations to produce crude oil, natural gas and natural gas liquids.
CRC’s operations are concentrated in three core regions: the Los Angeles Basin, the Ventura Basin and the San Joaquin Basin.
Featured Stories
- Five stocks we like better than California Resources
- Thematic Memory ETFs Give Investors a New Way to Play AI’s Hidden Bottleneck
- Rocket Lab Has Corrected Nearly 50%. Is It Still Too Expensive?
- Cybersecurity ETFs Are Rallying While AI Stocks Cool Off
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
Receive News & Ratings for California Resources Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for California Resources Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
