California Resources Corporatio with ticker code (CRC) have now 5 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 90 and 50 with a mean TP of 68.2. Given that the stocks previous close was at 43.49 this would indicate that there is a potential upside of 56.8%. There is a 50 day moving average of 42.45 and the 200 moving average now moves to 38.53. The market capitalisation for the company is $3,503m. You can visit the company’s website by visiting: https://www.crc.com
The potential market cap would be $5,494m 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.
