Barclays Issues Positive Forecast for California Resources (NYSE:CRC) Stock Price

California Resources (NYSE:CRC) had its price objective boosted by Barclays from $65.00 to $67.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the oil and gas producer’s stock.

Other equities analysts have also recently issued reports about the company. Pickering Energy Partners cut California Resources from an “outperform” rating to a “neutral” rating in a report on Friday, January 9th. Mizuho upped their price target on California Resources from $71.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. TD Cowen upgraded California Resources to a “strong-buy” rating in a research note on Monday, February 9th. Weiss Ratings reissued a “hold (c)” rating on shares of California Resources in a report on Wednesday, January 21st. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $56.00 target price (down from $58.00) on shares of California Resources in a report on Tuesday, December 9th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $64.10.

California Resources Trading Down 2.0%

NYSE CRC opened at $60.31 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. California Resources has a 1-year low of $30.97 and a 1-year high of $62.69. The firm’s fifty day simple moving average is $51.54 and its 200-day simple moving average is $50.04. The company has a market capitalization of $5.05 billion, a PE ratio of 14.78 and a beta of 1.12.

California Resources (NYSE:CRC) last posted its earnings results on Monday, March 2nd. The oil and gas producer reported $0.47 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.02). The business had revenue of $924.00 million during the quarter, compared to the consensus estimate of $789.67 million. California Resources had a return on equity of 10.39% and a net margin of 9.89%.The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 earnings per share. As a group, sell-side analysts anticipate that California Resources will post 3.85 earnings per share for the current fiscal year.

California Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, March 13th. California Resources’s dividend payout ratio (DPR) is 37.67%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in California Resources by 23.9% during the third quarter. Principal Financial Group Inc. now owns 468,669 shares of the oil and gas producer’s stock worth $24,924,000 after acquiring an additional 90,466 shares in the last quarter. American Century Companies Inc. boosted its position in shares of California Resources by 5.6% during the 3rd quarter. American Century Companies Inc. now owns 3,006,430 shares of the oil and gas producer’s stock worth $159,882,000 after purchasing an additional 159,708 shares in the last quarter. Channing Capital Management LLC bought a new position in shares of California Resources during the 3rd quarter worth about $6,205,000. Clayton Partners LLC grew its stake in shares of California Resources by 35.2% in the 3rd quarter. Clayton Partners LLC now owns 136,100 shares of the oil and gas producer’s stock valued at $7,238,000 after buying an additional 35,461 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in California Resources in the 3rd quarter valued at about $2,200,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Key Headlines Impacting California Resources

Here are the key news stories impacting California Resources this week:

• Positive Sentiment: Barclays raised its price target to $67 and kept an “overweight” rating, signaling Wall Street conviction that CRC shares have upside. Barclays price target raise
• Positive Sentiment: Company issued 2026 guidance calling for ~25% year-over-year production growth and the highest annual free cash flow since 2021 — a material operational improvement that supports earnings and FCF-driven valuation upside. Q4 results & 2026 guidance
• Positive Sentiment: CRC declared a quarterly dividend ($0.405 per share), reinforcing cash-return discipline and providing income support to the share price (ex-dividend March 13). (Company release)
• Positive Sentiment: Management highlighted expansion of carbon capture & storage (CCS) activity and Carbon TerraVault subsidiary progress, which could unlock new revenue/credit streams and reduce transition risk. CCS expansion coverage
• Neutral Sentiment: Q4 revenue of $924M topped consensus (~$790M), showing top-line resilience even as per-share profitability slipped. Earnings press release & slide deck
• Neutral Sentiment: Carbon TerraVault (CRC’s carbon unit) provided a 2025 update — useful for long-term ESG/monetization story but not an immediate earnings driver. Carbon TerraVault update
• Neutral Sentiment: Company reported a methane milestone/testing story that touches on low-carbon pricing and emissions risk — strategically relevant, but near-term financial impact is uncertain. Methane milestone article
• Negative Sentiment: Q4 EPS was $0.47, missing the consensus of $0.49 and down from $0.91 a year earlier — the EPS miss and sharp YoY decline are the main near-term drivers pressuring the stock. Zacks coverage of EPS miss
• Negative Sentiment: Analyst/market commentary and earnings transcripts emphasize the EPS miss and transitional margin pressure, which helps explain intraday selling despite operational improvements. Earnings call transcript

California Resources Company Profile

California Resources Corporation (NYSE: CRC) is an independent exploration and production company focused exclusively on developing oil and natural gas assets in California. Headquartered in Newport Beach, the company engages in hydraulic fracturing, well completions, reservoir management and enhanced recovery operations to produce crude oil, natural gas and natural gas liquids.

CRC’s operations are concentrated in three core regions: the Los Angeles Basin, the Ventura Basin and the San Joaquin Basin.