Across the recent three months, 4 analysts have shared their insights on California Resources (NYSE:CRC), expressing a variety of opinions spanning from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 2 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 1 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $67.0, a high estimate of $75.00, and a low estimate of $55.00. Marking an increase of 3.08%, the current average surpasses the previous average price target of $65.00.
Decoding Analyst Ratings: A Detailed Look
The standing of California Resources among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Scott Hanold | RBC Capital | Maintains | Outperform | $68.00 | $68.00 |
| Betty Jiang | Barclays | Lowers | Equal-Weight | $55.00 | $57.00 |
| Scott Hanold | RBC Capital | Maintains | Outperform | $70.00 | $70.00 |
| Neal Dingmann | Truist Securities | Announces | Buy | $75.00 | - |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to California Resources. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of California Resources compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of California Resources's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of California Resources's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on California Resources analyst ratings.
Get to Know California Resources Better
California Resources Corp is an independent oil and natural gas exploration and production company operating properties exclusively within California. It provides affordable and reliable energy in a safe and responsible manner, to support and enhance the quality of life of Californians and the local communities in which the company operates. It has some of the lowest carbon intensity production in the United States and is focused on maximizing the value of its land, mineral, and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects.
California Resources's Economic Impact: An Analysis
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Positive Revenue Trend: Examining California Resources's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 55.03% as of 31 December, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.
Net Margin: California Resources's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 3.57%, the company may face hurdles in effective cost management.
Return on Equity (ROE): California Resources's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 0.94%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): California Resources's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.46%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: California Resources's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.35.
How Are Analyst Ratings Determined?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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Latest Ratings for CRC
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2025 | RBC Capital | Reiterates | Outperform | Outperform |
| Mar 2025 | Barclays | Maintains | Equal-Weight | Equal-Weight |
| Jan 2025 | RBC Capital | Reiterates | Outperform | Outperform |
View More Analyst Ratings for CRC
View the Latest Analyst Ratings
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
