California Resources Corporatio with ticker code (CRC) have now 5 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 90 and 49 calculating the average target price we see 64.8. With the stocks previous close at 50.13 this would imply there is a potential upside of 29.3%. The day 50 moving average is 42.92 while the 200 day moving average is 43.04. The market capitalisation for the company is $3,806m. Company Website: https://www.crc.com
The potential market cap would be $4,919m based on the market concensus.
California Resources Corporation operates as an independent oil and natural gas company. The company explores for, produces, gathers, processes, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. As of December 31, 2021, it had interests in approximately 1.9 million net mineral acres with proved reserves totaled an estimated 480 million barrels of oil equivalent. The company also engages in the generation and sale of electricity to the local utility and the grid. The company was incorporated in 2014 and is based in Santa Clarita, California.
