California Resources
About: California Resources Corp is an independent oil and natural gas exploration and production company operating properties exclusively within California. It provides affordable and reliable energy in a safe and responsible manner, to support and enhance the quality of life of Californians and the local communities in which the company operates. It has some of the lowest carbon intensity production in the United States and is focused on maximizing the value of its land, mineral, and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects.
Employees: 1,550
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
304% more call options, than puts
Call options by funds: $45.1M | Put options by funds: $11.1M
12% more repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 93
4% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 47
0% more funds holding in top 10
Funds holding in top 10: 7 [Q4 2024] → 7 (+0) [Q1 2025]
0% less funds holding
Funds holding: 277 [Q4 2024] → 276 (-1) [Q1 2025]
3.31% less ownership
Funds ownership: 93.4% [Q4 2024] → 90.09% (-3.31%) [Q1 2025]
19% less capital invested
Capital invested by funds: $4.43B [Q4 2024] → $3.59B (-$837M) [Q1 2025]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Barclays Betty Jiang | 25%upside $60 | Overweight Upgraded | 30 May 2025 |
Citigroup Scott Gruber | 8%downside $44 | Neutral Maintained | 19 May 2025 |
Mizuho Nitin Kumar | 25%upside $60 | Outperform Maintained | 13 May 2025 |
UBS Josh Silverstein | 7%upside $51 | Buy Maintained | 8 May 2025 |
B of A Securities Kalei Akamine | 4%upside $50 | Buy Maintained | 29 Apr 2025 |
Financial journalist opinion
