California Resources Corporation (CRC) : Analyst Rating Update

California Resources Corporation (CRC) has an average broker rating of 2.74, which is interpreted as a Hold, as rated by 5 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 considers that the stock is a Sell.

California Resources Corporation (CRC) : Currently there are 3 street experts covering California Resources Corporation (CRC) stock. The most bullish and bearish price target for the stock is $25 and $20 respectively for the short term. The average price target of all the analysts comes to $21.67. The estimated standard deviation from the target is $2.89.

California Resources Corporation (NYSE:CRC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.40 and $11.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.14, notching a gain of 4.30% for the day. The total traded volume was 2,284,927 . The stock had closed at $11.64 on the previous day.

The company shares have dropped -77.57% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $12.40 and the one year low was seen on Feb 25, 2016. The 50-Day Moving Average price is $14.83 and the 200 Day Moving Average price is recorded at $14.32.

California Resources Corporation (CRC) is an independent oil and natural gas exploration and production company, operating properties exclusively within the State of California. The Company has a mineral acreage consisting of approximately 2.4 million net acres spanning the states four oil and gas basins. The Companys four oil and gas basins include San Joaquin Basin, Los Angeles Basin, Ventura Basin and Sacramento Basin. It operates an average of approximately 26 drilling rigs across the state. It drilled approximately 1,048 development wells with approximately 847 wells in the San Joaquin basin, approximately 177 in the Los Angeles basin, approximately 21 in the Ventura basin and approximately 3 in the Sacramento basin. It also drilled approximately 9 exploration wells in the San Joaquin basin, approximately 4 in the Ventura basin and 1 in the Sacramento basin.

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