California Resources Corporatio with ticker code (CRC) have now 5 analysts in total covering the stock. The consensus rating is ‘Strong_Buy’. The range between the high target price and low target price is between 90 and 51 with the average target price sitting at 69. With the stocks previous close at 44.49 this would imply there is a potential upside of 55.1%. The 50 day moving average now sits at 43.56 and the 200 day MA is 41.85. The market capitalisation for the company is $3,509m. Company Website: https://www.crc.com
The potential market cap would be $5,442m 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.
