
California Resources (CRC) Stock Forecast & Price Target
California Resources (CRC) Analyst Ratings
Bulls say
California Resources Corp has demonstrated significant potential for financial growth, largely due to an expansion in cash flow per share (CF/share) and free cash flow per share (FCF/share) following a recent deal that enhances its oil, gas, and carbon management businesses. The company is positioned to benefit from favorable commodity prices, with an optimistic scenario projecting these prices sustained above $65 per barrel for WTI and $3.50 per million cubic feet for natural gas. Additionally, California Resources is focusing on carbon sequestration projects, aiming to enhance its carbon capture capacity beyond initial estimates, which underscores its commitment to reducing emissions and potentially attracting a broader investor base.
Bears say
California Resources Corp faces a challenging outlook due to anticipated declines in resource adequacy revenues, projected to decrease from $150 million to around $100 million by 2026 amid increasing power capacity in California. Additionally, the company’s production levels are expected to experience a gradual decline as it operates with only one rig for new drilling until new permits are secured, limiting growth potential. Furthermore, the sustainability of commodity prices below $50 per barrel for WTI and $2.50 per Mcf for HH poses a significant risk to its financial performance, potentially leading to a downside scenario where the stock could be valued at $30 per share.
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
Start investing in California Resources (CRC)
Order type
Buy in
Order amount
Est. shares
0 shares