California Resources Corporatio – Consensus Indicates Potential 50.5% Upside

Broker Ratings

California Resources Corporatio with ticker code (CRC) have now 6 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 90 and 48 with a mean TP of 63.33. Now with the previous closing price of 42.08 this now indicates there is a potential upside of 50.5%. The 50 day moving average now sits at 44.21 and the 200 moving average now moves to 43.48. The company has a market cap of $3,159m. Find out more information at: https://www.crc.com

The potential market cap would be $4,754m based on the market concensus.

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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.

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