
California Resources (CRC) Stock Forecast & Price Target
California Resources (CRC) Analyst Ratings
Bulls say
California Resources is well-positioned for future success due to its recent Uinta Basin asset divestiture, as well as its focus on carbon management and transitioning to clean power solutions that align with California's goals for decarbonization. Additionally, the company's strong leadership and commitment to gender and ethnic diversity in the workplace adds to its overall appeal. Based on their current trajectory, California Resources has the potential to see significant growth in shareholder value over the next 12 months, with a target value of $15-20 per share.
Bears say
California Resources is in a tough position, as the company operates in a highly regulated and environmentally conscious state. While the company has made strides in diversifying into carbon management and renewable energy projects, it still heavily relies on oil and gas for revenue. Additionally, the company faces headwinds with low commodity prices and potential difficulties in obtaining permits for its carbon sequestration projects. Furthermore, its recent divestiture of non-core assets at a lower-than-expected price is a concerning sign for the company's financials.
This aggregate rating is based on analysts' research of California Resources and is not a guaranteed prediction by Public.com or investment advice.
California Resources (CRC) Analyst Forecast & Price Prediction
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