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NYSE: CRC
California Resources Corp Stock Forecast, Predictions & Price Target

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Analyst price target for CRC

Based on 4 analysts offering 12 month price targets for California Resources Corp.
Min Forecast
$48.00+13.77%
Avg Forecast
$55.00+30.36%
Max Forecast
$63.00+49.32%

Should I buy or sell CRC stock?

Based on 4 analysts offering ratings for California Resources Corp.
Strong Buy
Strong Buy
3 analysts 75%
Buy
0 analysts 0%
Hold
0 analysts 0%
Sell
1 analysts 25%
Strong Sell
0 analysts 0%

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CRC stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Bank of America
HoldUpgrades$58.00+37.47%2022-11-15
Stifel Nicolaus
Bottom 35%
35
Strong BuyInitiates Coverage On$63.00+49.32%2022-10-20
MKM Partners
Top 1%
100
Strong BuyAssumes$48.00+13.77%2022-07-20
Bank of America
Top 5%
96
SellDowngrades$49.00+16.14%2022-07-19
Citigroup
Top 8%
93
Strong BuyInitiates Coverage On$60.00+42.21%2022-05-10
Anonymous
KeyBanc
Strong BuyMaintains$51.00+20.88%2022-04-08

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Forecast return on equity

Is CRC forecast to generate an efficient return?
Company
36.2%
Industry
51.08%
Market
47.48%
CRC's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is CRC forecast to generate an efficient return on assets?
Company
16.85%
Industry
19.92%
CRC is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

CRC earnings per share forecast

What is CRC's earnings per share in the next 2 years based on estimates from 1 analyst?
Avg 1 year Forecast
$6.06-58.75%
Avg 2 year Forecast
$9.14-37.78%
CRC's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

CRC revenue forecast

What is CRC's revenue in the next 2 years based on estimates from 1 analyst?
Avg 1 year Forecast
$1.9B-26.85%
Avg 2 year Forecast
$2.6B-3.4%
CRC's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

CRC earnings growth forecast

How is CRC forecast to perform vs Oil & Gas E&P companies and vs the US market?
Company
-58.75%
Industry
5.71%
Market
70.56%
CRC's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
CRC's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
CRC's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

CRC revenue growth forecast

How is CRC forecast to perform vs Oil & Gas E&P companies and vs the US market?
Company
-26.85%
Industry
3.21%
Market
5.32%
CRC's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
CRC's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

CRC vs Oil and Gas Stocks

TickerPricePrice TargetUp/downsideConsensus
CRC$42.19$55.00+30.36%Strong Buy
VET$17.88$30.43+70.16%Buy
CNX$16.20$21.83+34.77%Hold
CRK$14.81$19.88+34.20%Buy
KOS$5.84$9.87+68.96%Strong Buy

California Resources Stock Forecast FAQ

Is California Resources Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 4 Wall Street analysts covering (NYSE: CRC) stock is to Strong Buy CRC stock.

Out of 4 analysts, 3 (75%) are recommending CRC as a Strong Buy, 0 (0%) are recommending CRC as a Buy, 0 (0%) are recommending CRC as a Hold, 1 (25%) are recommending CRC as a Sell, and 0 (0%) are recommending CRC as a Strong Sell.

If you're new to stock investing, here's how to buy California Resources stock.

What is CRC's earnings growth forecast for 2022-2023?

(NYSE: CRC) California Resources's forecast annual earnings growth rate of -58.75% is not forecast to beat the US Oil & Gas E&P industry's average forecast earnings growth rate of 5.71%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 70.56%.

California Resources's earnings in 2022 is $1,155,000,000.On average, 1 Wall Street analyst forecast CRC's earnings for 2022 to be $445,233,848, with the lowest CRC earnings forecast at $445,233,848, and the highest CRC earnings forecast at $445,233,848.

In 2023, CRC is forecast to generate $671,524,318 in earnings, with the lowest earnings forecast at $671,524,318 and the highest earnings forecast at $671,524,318.

What is CRC's revenue growth forecast for 2022-2023?

(NYSE: CRC) California Resources's forecast annual revenue growth rate of -26.85% is not forecast to beat the US Oil & Gas E&P industry's average forecast revenue growth rate of 3.21%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 5.32%.

California Resources's revenue in 2022 is $2,659,000,000.On average, 1 Wall Street analysts forecast CRC's revenue for 2022 to be $142,908,309,833, with the lowest CRC revenue forecast at $142,908,309,833, and the highest CRC revenue forecast at $142,908,309,833.

In 2023, CRC is forecast to generate $188,717,435,935 in revenue, with the lowest revenue forecast at $188,717,435,935 and the highest revenue forecast at $188,717,435,935.

What is CRC's forecast return on assets (ROA) for 2022-2023?

(NYSE: CRC) forecast ROA is 16.85%, which is lower than the forecast US Oil & Gas E&P industry average of 19.92%.

What is CRC's Price Target?

According to 4 Wall Street analysts that have issued a 1 year CRC price target, the average CRC price target is $55.00, with the highest CRC stock price forecast at $63.00 and the lowest CRC stock price forecast at $48.00.

On average, Wall Street analysts predict that California Resources's share price could reach $55.00 by Oct 20, 2023. The average California Resources stock price prediction forecasts a potential upside of 30.36% from the current CRC share price of $42.19.

What is CRC's Earnings Per Share (EPS) forecast for 2022-2023?

(NYSE: CRC) California Resources's current Earnings Per Share (EPS) is $14.69. On average, analysts forecast that CRC's EPS will be $6.06 for 2022, with the lowest EPS forecast at $6.06, and the highest EPS forecast at $6.06. In 2023, CRC's EPS is forecast to hit $9.14 (min: $9.14, max: $9.14).

What is CRC's forecast return on equity (ROE) for 2022-2023?

(NYSE: CRC) forecast ROE is 36.2%, which is considered strong.
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