California Resources Corporatio which can be found using ticker (CRC) have now 6 market analysts covering the stock. The analyst consensus now points to a rating of ‘Strong_Buy’. The target price High/Low ranges between 60 and 50 suggesting an average Analsyt target price of $54.17. Given that the stocks previous close was at $39.47 and the analysts are correct then we can expect a percentage increase in value of 37.2%. The day 50 moving average is $40.07 and the 200 day MA is $42.70. The company has a market capitalization of $2,815m. You can visit the company’s website by visiting: https://www.crc.com
The potential market cap would be $3,863m 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 2.86% with the ex dividend date set at 3-3-2023 (DMY).
Other points of data to note are a P/E ratio of 5.87, revenue per share of 42.62 and a 11.5% return on assets.
