California Resources Corporatio found using ticker (CRC) have now 4 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 90 and 51 calculating the mean target price we have 71.25. With the stocks previous close at 42.99 this would indicate that there is a potential upside of 65.7%. The 50 day moving average now sits at 43.7 and the 200 day MA is 40.19. The company has a market capitalisation of $3,278m. Company Website: https://www.crc.com
The potential market cap would be $5,433m 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.
