California Resources Corp (NYSE:CRC) Analyst Updates

Recent Analyst Rating

 

California Resources Corp (NYSE:CRC)

A number of investment brokers have recently updated their price targets on shares of California Resources Corp (NYSE:CRC). According to the latest broker reports outstanding on Thursday 24th of March, 2 analysts have a rating of “strong buy”, 1 analysts “buy”, 5 analysts “neutral”, 2 analysts “sell” and 0 analysts “strong sell”.

Most recent broker ratings

03/02/2016 – California Resources Corp was downgraded to “hold” by analysts at Societe Generale. They now have a USD 1 price target on the stock.

02/23/2016 – California Resources Corp was downgraded to “neutral” by analysts at Bank of America Merrill Lynch. They now have a USD 2 price target on the stock.

12/04/2015 – California Resources Corp had its “buy” rating reiterated by analysts at BTIG Research. They now have a USD 6 price target on the stock.

12/03/2015 – California Resources Corp had its “neutral” rating reiterated by analysts at Susquehanna. They now have a USD 4.5 price target on the stock.

11/23/2015 – Ladenburg Thalmann began new coverage on California Resources Corp giving the company a “buy” rating. They now have a USD 7 price target on the stock.

06/08/2015 – Goldman Sachs began new coverage on California Resources Corp giving the company a “sell” rating. They now have a USD 5.75 price target on the stock.

05/01/2015 – California Resources Corp had its “hold” rating reiterated by analysts at Zacks.

01/28/2015 – California Resources Corp had its “underweight” rating reiterated by analysts at Morgan Stanley. They now have a USD 3 price target on the stock.

12/04/2014 – Raymond James began new coverage on California Resources Corp giving the company a “market perform” rating.

The share price of California Resources Corp (NYSE:CRC) was down -9.72% during the last day of trading, with a day high of 1.43. 12877556 shares were traded during the last session.

The stock’s 50 day moving average is 1.05 and its 200 day moving average is 2.54. The stock’s market capitalization is 504.19M. California Resources Corp has a 52-week low of 0.28 and a 52-week high of 9.86.

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 state’s four oil and gas basins. The Company’s 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.

Detailed Opinion