California Resources Corporatio with ticker code (CRC) now have 6 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Strong_Buy’. The target price High/Low ranges between 60 and 50 calculating the mean target price we have $54.17. Given that the stocks previous close was at $41.13 this now indicates there is a potential upside of 31.7%. It’s also worth noting that there is a 50 day moving average of $39.88 and the 200 day moving average is $42.74. The company has a market capitalization of $2,855m. You can visit the company’s website by visiting: https://www.crc.com
The potential market cap would be $3,760m based on the market consensus.
California Resources Corporation operates as an independent oil and natural gas exploration and production company in the United States. The company explores, produces, 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. It 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 Long Beach, California.
The company has a dividend yield of 2.75% with the ex dividend date set at 3-3-2023 (DMY).
Other points of data to note are a P/E ratio of 5.89, revenue per share of 42.62 and a 11.5% return on assets.
