California Resources Corporation

Equities

CRC

US13057Q3056

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
54.9 ^USD	-0.65%		+0.86%	+0.40%

Apr. 23	Stifel Adjusts Price Target on California Resources to $69 From $68, Maintains Buy Rating	MT
Apr. 10	Barclays Initiates Coverage on California Resources With Equalweight Rating, $62 Price Target	MT

California Resources Corporation announces an Increase in Equity Buyback.

February 05, 2024

On February 6, 2024 the company announced an increase in its equity buyback plan. The company increased its authorization by $250 million, thereby bringing the total authorization to $1,350 million and extended its plan duration till December 31, 2025.

Latest news about California Resources Corporation

Stifel Adjusts Price Target on California Resources to $69 From $68, Maintains Buy Rating	Apr. 23	MT
Barclays Initiates Coverage on California Resources With Equalweight Rating, $62 Price Target	Apr. 10	MT
Mizuho Securities Adjusts Price Target on California Resources to $63 From $69, Maintains Buy Rating	Mar. 22	MT
Stifel Cuts Price Target on California Resources to $68 From $72, Maintains Buy Rating	Mar. 22	MT
California Resources Corporation Enters into Third Amendment to Amended and Restated Credit Agreement	Mar. 11	CI
Roth MKM Cuts Price Target on California Resources to $56 From $58, Keeps Buy Rating	Mar. 11	MT
Sector Update: Energy Stocks Mixed in Late Afternoon Trading	Mar. 08	MT
Sector Update: Energy Stocks Narrowly Mixed in Friday Afternoon Trading	Mar. 08	MT
California Resources Still Plans to Execute Capital, Drilling Programs	Mar. 08	MT
RBC Cuts Price Target on California Resources to $65 From $70 Amid Uncertainty Over Oil & Gas Permit, Keeps Outperform Rating	Mar. 08	MT
Transcript : California Resources Corporation, Q4 2023 Earnings Call, Feb 28, 2024	Feb. 28
California Resources Q4 Earnings Fall, Revenue Rises; Dividend Maintained	Feb. 27	MT
Earnings Flash (CRC) CALIFORNIA RESOURCES CORPORATION Posts Q4 Revenue $726M, vs. Street Est of $557.8M	Feb. 27	MT
Earnings Flash (CRC) CALIFORNIA RESOURCES CORPORATION Posts Q4 EPS $0.93	Feb. 27	MT
California Resources Corporation Provides Production Guidance for the First Quarter and Full Year of 2024	Feb. 27	CI
California Resources Corporation Declares Quarterly Cash Dividend, Payable on March 18, 2024	Feb. 27	CI
California Resources Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Feb. 27	CI
An undisclosed buyer acquired a Non-Operating Working Interest in the Round Mountain Unit in the San Joaquin Basin from California Resources Corporation for $35 million.	Feb. 26	CI
Stifel Adjusts Price Target on California Resources to $72 From $68, Maintains Buy Rating	Feb. 12	MT
More US energy deals likely in 2024 in wave of consolidation	Feb. 12	RE
Mizuho Securities Raises Price Target on California Resources to $69 From $63, Maintains Buy Rating	Feb. 08	MT
RBC Raises Price Target on California Resources to $70 From $65 on 'Stronger' Free Cash Flow Profile, Value Potential, Keeps Outperform Rating	Feb. 08	MT
California Resources to Merge With Aera Energy in All-Stock Deal	Feb. 07	MT
Transcript : Aera Energy LLC, California Resources Corporation - M&A Call	Feb. 07
California Resources to buy Aera in $2.1 bln deal	Feb. 07	RE

Chart California Resources Corporation

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Company Profile

California Resources Corporation is an independent energy and carbon management company committed to energy transition. It produces the lowest carbon intensity oil in the United States. It is in the early stages of developing several carbon capture and storage projects in California. Its carbon management business, Carbon TerraVault, is focused on building, installing, operating, and maintaining carbon dioxide (CO2) capture equipment, transportation assets and storage facilities in California. It has operations in oil and gas basins, including San Joaquin Basin, Los Angeles Basin, Sacramento Basin, and other. It holds substantially all the working, surface and mineral interests in the Elk Hills field, which is its largest producing asset in the San Joaquin basin, and has a large ownership interest in several other oil fields located in the San Joaquin basin, including Buena Vista and Coles Levee. The Los Angeles Basin is a northwest-trending plain about 50 miles long and 20 miles wide.

Sector

Oil & Gas Exploration and Production

Calendar

2024-05-03 - Annual General Meeting

Related indices

Russell 2000

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Income Statement Evolution

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Ratings for California Resources Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

54.9 USD

Average target price

63 USD

Spread / Average Target

+14.75%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Oil & Gas Exploration and Production

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