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

OverviewForecast
EarningsRevenueDividendOwnership

Analyst price target for CRC

Based on 8 analysts offering 12 month price targets for California Resources Corp

Min Forecast
$57.00+6.34%
Avg Forecast
$66.38+23.83%
Max Forecast
$74.00+38.06%

Should I buy or sell CRC stock?

Based on 8 analysts offering ratings for California Resources Corp.

Strong Buy
Strong Buy
6 analysts 75%
Buy
1 analysts 12.5%
Hold
1 analysts 12.5%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%
Although CRC's forecast from analysts indicates a "Strong Buy", our proven Zen Rating quant model rates CRC as a "Hold". Stocks with a Zen Rating of Hold have beat the market by +7.53%. Learn More

Be the first to know when Wall Street analysts revise their CRC stock forecasts and price targets.

CRC stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-11-26
lockedlocked$00.00+00.00%2024-10-24
lockedlocked$00.00+00.00%2024-10-22
lockedlocked$00.00+00.00%2024-10-16
lockedlocked$00.00+00.00%2024-10-03
Citigroup
Top 18%
83
Strong BuyMaintains$65.00+21.27%2024-09-05Find out why
Bank of America
Top 42%
59
Strong BuyUpgrades$65.00+21.27%2024-08-21
RBC Capital
Top 7%
94
BuyReiterates$65.00+21.27%2024-08-15

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Forecast return on equity

Is CRC forecast to generate an efficient return?

Company
N/A
Industry
12.83%
Market
70.65%

Forecast return on assets

Is CRC forecast to generate an efficient return on assets?

Company
N/A
Industry
7.24%

CRC earnings per share forecast

What is CRC's earnings per share in the next 2 years based on estimates from 2 analysts?

Avg 1 year Forecast
$3.43-47.79%
Avg 2 year Forecast
$3.90-40.55%
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 3 years based on estimates from 2 analysts?

Avg 1 year Forecast
$3.1B+1.94%
Avg 2 year Forecast
$3.5B+16.49%
Avg 3 year Forecast
$3.4B+10.9%
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
-12.63%
Industry
13.97%
Market
17.31%
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
5.27%
Industry
6.41%
Market
8.88%
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$53.60$66.38+23.83%Strong Buy
MGY$25.67$27.50+7.13%Buy
LB$64.11$42.86-33.15%Buy
SM$40.18$51.90+29.17%Buy
CIVI$46.96$79.43+69.14%Strong Buy
View Top Oil and Gas Stocks

California Resources Stock Forecast FAQ

Is California Resources Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 8 Wall Street analysts covering (NYSE: CRC) stock is to Strong Buy CRC stock.

Out of 8 analysts, 6 (75%) are recommending CRC as a Strong Buy, 1 (12.5%) are recommending CRC as a Buy, 1 (12.5%) are recommending CRC as a Hold, 0 (0%) 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 2024-2025?

(NYSE: CRC) California Resources's forecast annual earnings growth rate of -12.63% is not forecast to beat the US Oil & Gas E&P industry's average forecast earnings growth rate of 13.97%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 17.31%.

California Resources's earnings in 2024 is $531,000,000.On average, 2 Wall Street analysts forecast CRC's earnings for 2024 to be $314,090,858, with the lowest CRC earnings forecast at $303,544,742, and the highest CRC earnings forecast at $324,636,974.

In 2025, CRC is forecast to generate $357,650,904 in earnings, with the lowest earnings forecast at $356,733,850 and the highest earnings forecast at $358,567,958.

What is CRC's revenue growth forecast for 2024-2026?

(NYSE: CRC) California Resources's forecast annual revenue growth rate of 5.27% is not forecast to beat the US Oil & Gas E&P industry's average forecast revenue growth rate of 6.41%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.88%.

California Resources's revenue in 2024 is $3,047,000,000.On average, 2 Wall Street analysts forecast CRC's revenue for 2024 to be $284,859,774,500, with the lowest CRC revenue forecast at $269,063,526,240, and the highest CRC revenue forecast at $300,656,022,760. On average, 2 Wall Street analysts forecast CRC's revenue for 2025 to be $325,512,760,588, with the lowest CRC revenue forecast at $310,422,643,600, and the highest CRC revenue forecast at $340,602,877,576.

In 2026, CRC is forecast to generate $309,872,411,440 in revenue, with the lowest revenue forecast at $309,872,411,440 and the highest revenue forecast at $309,872,411,440.

What is CRC's forecast return on assets (ROA) for 2024-2027?

(NYSE: CRC) forecast ROA is N/A, which is lower than the forecast US Oil & Gas E&P industry average of 7.24%.

What is CRC's Price Target?

According to 8 Wall Street analysts that have issued a 1 year CRC price target, the average CRC price target is $66.38, with the highest CRC stock price forecast at $74.00 and the lowest CRC stock price forecast at $57.00.

On average, Wall Street analysts predict that California Resources's share price could reach $66.38 by Nov 26, 2025. The average California Resources stock price prediction forecasts a potential upside of 23.83% from the current CRC share price of $53.60.

What is CRC's Earnings Per Share (EPS) forecast for 2024-2025?

(NYSE: CRC) California Resources's current Earnings Per Share (EPS) is $6.56. On average, analysts forecast that CRC's EPS will be $3.43 for 2024, with the lowest EPS forecast at $3.31, and the highest EPS forecast at $3.54. In 2025, CRC's EPS is forecast to hit $3.90 (min: $3.89, max: $3.91).

What is CRC's forecast return on equity (ROE) for 2024-2027?

(NYSE: CRC) forecast ROE is N/A, which is considered weak.
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