California Resources Corporatio with ticker code (CRC) have now 4 analysts covering the stock. The analyst consensus points to a rating of ‘Strong_Buy’. The target price ranges between 90 and 58 and has a mean target at 73. With the stocks previous close at 38.5 this would imply there is a potential upside of 89.6%. There is a 50 day moving average of 42.28 and the 200 moving average now moves to 42.83. The company has a market capitalisation of $3,088m. Company Website: https://www.crc.com
The potential market cap would be $5,855m 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.
