California Resources Corporatio with ticker code (CRC) now have 5 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 90 and 49 and has a mean target at 64.8. With the stocks previous close at 37.62 this now indicates there is a potential upside of 72.2%. The 50 day MA is 44.68 and the 200 day moving average is 43.2. The company has a market capitalisation of $2,724m. You can visit the company’s website by visiting: https://www.crc.com
The potential market cap would be $4,692m 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.
