Across the recent three months, 6 analysts have shared their insights on California Resources (NYSE:CRC), expressing a variety of opinions spanning from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 1 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 0 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for California Resources, presenting an average target of $65.17, a high estimate of $69.00, and a low estimate of $62.00. This current average has decreased by 3.31% from the previous average price target of $67.40.
Diving into Analyst Ratings: An In-Depth Exploration
The analysis of recent analyst actions sheds light on the perception of California Resources by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Scott Hanold | RBC Capital | Maintains | Outperform | $65.00 | $65.00 |
| Nitin Kumar | Mizuho | Raises | Buy | $64.00 | $63.00 |
| Derrick Whitfield | Stifel | Raises | Buy | $69.00 | $68.00 |
| Betty Jiang | Barclays | Announces | Equal-Weight | $62.00 | - |
| Nitin Kumar | Mizuho | Lowers | Buy | $63.00 | $69.00 |
| Derrick Whitfield | Stifel | Lowers | Buy | $68.00 | $72.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to California Resources. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of California Resources compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of California Resources's stock. This examination reveals shifts in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of California Resources's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on California Resources analyst ratings.
Delving into California Resources's Background
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.
Unraveling the Financial Story of California Resources
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Challenges: California Resources's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -46.6%. This indicates a decrease in top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -1.93%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): California Resources's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -0.46%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): California Resources's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.25%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: California Resources's debt-to-equity ratio is below the industry average at 0.29, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding the Relevance of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.