Analysts’ Weekly Ratings Changes for California Resources (CRC)

Several brokerages have updated their recommendations and price targets on shares of California Resources (NYSE: CRC) in the last few weeks:

• 4/6/2026 – California Resources was upgraded by Wall Street Zen from “sell” to “hold”.
• 3/30/2026 – California Resources had its price target raised by Citigroup Inc. from $67.00 to $74.00. They now have a “neutral” rating on the stock.
• 3/29/2026 – California Resources was downgraded by Wall Street Zen from “hold” to “sell”.
• 3/27/2026 – California Resources was upgraded by Zacks Research from “hold” to “strong-buy”.
• 3/21/2026 – California Resources was upgraded by Wall Street Zen from “sell” to “hold”.
• 3/18/2026 – California Resources had its price target raised by Citigroup Inc. from $51.00 to $67.00. They now have a “neutral” rating on the stock.
• 3/17/2026 – California Resources had its price target raised by Wells Fargo & Company from $72.00 to $76.00. They now have an “overweight” rating on the stock.
• 3/16/2026 – California Resources had its price target raised by Barclays PLC from $67.00 to $72.00. They now have an “overweight” rating on the stock.
• 3/7/2026 – California Resources was downgraded by Wall Street Zen from “hold” to “sell”.
• 3/5/2026 – California Resources had its price target raised by UBS Group AG from $63.00 to $75.00. They now have a “buy” rating on the stock.
• 3/4/2026 – California Resources had its price target raised by Wells Fargo & Company from $56.00 to $72.00. They now have an “overweight” rating on the stock.
• 3/3/2026 – California Resources had its price target raised by Barclays PLC from $65.00 to $67.00. They now have an “overweight” rating on the stock.
• 2/19/2026 – California Resources was upgraded by Zacks Research from “strong sell” to “hold”.
• 2/9/2026 – California Resources was upgraded by TD Cowen to “strong-buy”.

California Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 13th were given a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, March 13th. California Resources’s dividend payout ratio (DPR) is 39.71%.

Insider Transactions at California Resources

In related news, COO Omar Hayat sold 23,000 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $65.87, for a total value of $1,515,010.00. Following the transaction, the chief operating officer directly owned 82,236 shares of the company’s stock, valued at approximately $5,416,885.32. This trade represents a 21.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Noelle M. Repetti sold 8,564 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $63.71, for a total value of $545,612.44. Following the completion of the transaction, the vice president directly owned 7,684 shares in the company, valued at $489,547.64. This trade represents a 52.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 72,283 shares of company stock valued at $4,636,646. Corporate insiders own 0.03% of the company’s stock.

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.