California Resources Corporation (CRC) Receives Price Target

California Resources Corporation (CRC) : The consensus price target for California Resources Corporation (CRC) is $19.5 for the short term with a standard deviation of $0.71. The most optimist securities analyst among the 2 who monitor the stock believes that the stock can reach $20, however, the pessimist price target for the company is $19.

California Resources Corporation (CRC) has an average broker rating of 3.18, which is interpreted as a Hold, as rated by 4 equity analysts. 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 $9.83 on Thursday but the bulls could not build on the opening and the stock topped out at $9.99 for the day. The stock traded down to $9.40 during the day, due to lack of any buying support eventually closed down at $9.61 with a loss of -3.22% for the day. The stock had closed at $9.93 on the previous day. The total traded volume was 2,389,142 shares.

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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