California Resources Corporation (NYSE:CRC) Receives Average Recommendation of “Moderate Buy” from Analysts

Posted by Stanley Muller on Jun 29th, 2026

California Resources Corporation (NYSE:CRC – Get Free Report) has received an average rating of “Moderate Buy” from the fourteen analysts that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $73.50.

A number of research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price target on California Resources from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Tuesday, March 17th. Barclays boosted their price objective on shares of California Resources from $72.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. UBS Group set a $78.00 price objective on shares of California Resources and gave the company a “buy” rating in a research report on Monday, May 11th. Zacks Research downgraded shares of California Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Citigroup raised shares of California Resources from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $74.00 to $78.00 in a research report on Wednesday, May 20th.

Check Out Our Latest Report on CRC

Insider Activity at California Resources

In other news, EVP Jay A. Bys sold 11,907 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $61.68, for a total transaction of $734,423.76. Following the transaction, the executive vice president directly owned 171,331 shares in the company, valued at $10,567,696.08. The trade was a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.53% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On California Resources

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of California Resources by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 8,775,097 shares of the oil and gas producer’s stock valued at $392,335,000 after acquiring an additional 529,814 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of California Resources by 17.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,181,806 shares of the oil and gas producer’s stock valued at $186,968,000 after acquiring an additional 632,170 shares in the last quarter. State Street Corp grew its holdings in shares of California Resources by 14.7% during the 4th quarter. State Street Corp now owns 3,842,223 shares of the oil and gas producer’s stock valued at $171,786,000 after acquiring an additional 491,751 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of California Resources by 5.6% during the 3rd quarter. American Century Companies Inc. now owns 3,006,430 shares of the oil and gas producer’s stock valued at $159,882,000 after acquiring an additional 159,708 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of California Resources by 200.7% during the 4th quarter. Victory Capital Management Inc. now owns 2,344,493 shares of the oil and gas producer’s stock valued at $104,822,000 after acquiring an additional 1,564,866 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

California Resources Stock Performance

Shares of California Resources stock opened at $53.69 on Monday. The stock has a market cap of $4.77 billion, a PE ratio of -10.32 and a beta of 0.91. The business has a fifty day simple moving average of $60.60 and a 200-day simple moving average of $57.27. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 0.45. California Resources has a 12 month low of $43.24 and a 12 month high of $71.98.

California Resources (NYSE:CRC – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. California Resources had a positive return on equity of 10.12% and a negative net margin of 16.10%.The business had revenue of $119.00 million for the quarter, compared to the consensus estimate of $947.50 million. During the same quarter in the previous year, the company posted $1.07 earnings per share. California Resources’s revenue for the quarter was down 87.0% compared to the same quarter last year. On average, sell-side analysts anticipate that California Resources will post 5.56 EPS for the current fiscal year.

California Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 29th were issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, May 29th. California Resources’s payout ratio is currently -31.15%.

About California Resources

(Get Free Report)

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.