Short Term Price Target on California Resources Corporation (CRC)

California Resources Corporation (NYSE:CRC) : Currently there are 3 street experts covering California Resources Corporation (NYSE:CRC) stock. The most bullish and bearish price target for the stock is $25 and $20 respectively for the short term. The average price target of all the analysts comes to $21.67. The estimated standard deviation from the target is $2.89.

California Resources Corporation has lost 15.98% in the last five trading days and dropped 21.69% in the last 4 weeks. California Resources Corporation is up 17.31% in the last 3-month period. Year-to-Date the stock performance stands at -47.64%.

California Resources Corporation (NYSE:CRC) has an average broker rating of 2.74, which is interpreted as a Hold, as rated by 5 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

California Resources Corporation (NYSE:CRC): The stock opened at $12.92 on Thursday but the bulls could not build on the opening and the stock topped out at $13.04 for the day. The stock traded down to $11.95 during the day, due to lack of any buying support eventually closed down at $12.20 with a loss of -8.27% for the day. The stock had closed at $13.30 on the previous day. The total traded volume was 3,728,007 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of California Resources Corp, Stevens Todd A. had purchased shares worth of $9,775 in a transaction dated on March 3, 2016. A total of 11,500 shares were purchased at a price of $0.85 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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 states four oil and gas basins. The Companys 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.

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