Zacks Rating on California Resources Corporation (CRC)

California Resources Corporation (CRC) : 5 analysts are covering California Resources Corporation (CRC) and their average rating on the stock is 2.74, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

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 $19 respectively for the short term. The average price target of all the analysts comes to $21.33. The estimated standard deviation from the target is $3.21.


California Resources Corporation has dropped 9.99% in the last five trading days, however, the shares have posted positive gains of 7.76% in the last 4 weeks. California Resources Corporation has dropped 26.09% during the last 3-month period . Year-to-Date the stock performance stands at -50.52%. California Resources Corporation (NYSE:CRC): stock turned positive on Tuesday. Though the stock opened at $10.91, the bulls momentum made the stock top out at $11.86 level for the day. The stock recorded a low of $10.91 and closed the trading day at $11.53, in the green by 2.85%. The total traded volume for the day was 3,024,820. The stock had closed at $11.21 in the previous days trading.

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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