California Resources (CRC)

• Market cap: $3.16B
• 1 day: -2.02%
• 5 days: -1.76%
• 1 month: -21.51%
• 3 months: -32.36%
• 6 months: -34.04%
• Year to date: -33.65%
• 1 year: -34.71%
• 5 years: 130.07%
• 10 years: 130.07%
• Sector: Energy
• Industry: Oil & Gas Exploration & Production

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 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

323% more call options, than puts

Call options by funds: $82.4M | Put options by funds: $19.5M

108% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 26

85% more repeat investments, than reductions

Existing positions increased: 120 | Existing positions reduced: 65

10% more funds holding

Funds holding: 251 [Q3] → 277 (+26) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 7 [Q3] → 7 (+0) [Q4]

1% less capital invested

Capital invested by funds: $4.48B [Q3] → $4.43B (-$47.6M) [Q4]

1.84% less ownership

Funds ownership: 95.23% [Q3] → 93.4% (-1.84%) [Q4]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $36 4% upside
• Avg. target: $48 40% upside
• High target: $60 74% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

B of A Securities Kalei Akamine 40% 1-year accuracy 4 / 10 met price target	45% upside $50	Buy Maintained	29 Apr 2025
Barclays Betty Jiang 38% 1-year accuracy 14 / 37 met price target	36% upside $47	Equal-Weight Maintained	23 Apr 2025
RBC Capital Scott Hanold 18% 1-year accuracy 7 / 39 met price target	74% upside $60	Outperform Maintained	11 Apr 2025
Citigroup Scott Gruber 32% 1-year accuracy 24 / 75 met price target	4% upside $36	Neutral Downgraded	7 Apr 2025