Jefferies initiated coverage on California Resources Corp with a new price target
$CRC
Oil & Gas Production
Energy
Jefferies initiated coverage of California Resources Corp with a rating of Buy and set a new price target of $64.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/24/2024 | $64.00 | Buy | Jefferies |
| 10/22/2024 | $73.00 | Overweight | Stephens |
| 10/16/2024 | $68.00 | Buy | UBS |
| 8/21/2024 | $57.00 → $65.00 | Neutral → Buy | BofA Securities |
| 8/2/2024 | $65.00 | Buy | TD Cowen |
| 7/19/2024 | $63.00 | Buy | Citigroup |
| 4/10/2024 | $62.00 | Equal Weight | Barclays |
| 1/5/2024 | $64.00 → $60.00 | Buy → Neutral | BofA Securities |
4 - California Resources Corp (0001609253) (Issuer)
4 - California Resources Corp (0001609253) (Issuer)
4 - California Resources Corp (0001609253) (Issuer)
Jefferies initiated coverage of California Resources Corp with a rating of Buy and set a new price target of $64.00
Stephens initiated coverage of California Resources Corp with a rating of Overweight and set a new price target of $73.00
UBS initiated coverage of California Resources Corp with a rating of Buy and set a new price target of $68.00
SD - California Resources Corp (0001609253) (Filer)
8-K - California Resources Corp (0001609253) (Filer)
8-K - California Resources Corp (0001609253) (Filer)
LONG BEACH, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) today announced the publication of its 2023 Sustainability Report detailing the Company's sustainability initiatives and strategy as well as progress toward its environmental, social and governance (ESG) goals. "CRC is committed to supporting the energy transition, decarbonizing our local economies and helping California achieve its climate goals," said Francisco Leon, CRC President and Chief Executive Officer. "Our 2023 performance reflects our progress as we continue to reliably deliver sustainable and affordable energy products critical to our communities and develop innovative carbon ma
LONG BEACH, Calif., Oct. 07, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) plans to release its third quarter 2024 financial results on Tuesday, November 5th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, November 6th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10192326/fd6685ad6e. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up t
Increasing quarterly dividend by 25%, enhancing cash returns to shareholders Targeting $235 million in Aera merger synergies New EPA Class VI permit application to expand Company's carbon platform, doubling Central California CO2 potential storage capacity California Resources Corporation (NYSE:CRC) today reported financial and operating results for the second quarter of 2024. The Company plans to host a conference call and webcast at 1 p.m. ET (10 a.m. PT) on Wednesday, August 7, 2024. Participation details can be found within this release. In addition, supplemental slides have been posted to CRC's website at www.crc.com. Highlights: Aera Merger Successfully closed the merger
LONG BEACH, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) today announced the publication of its 2023 Sustainability Report detailing the Company's sustainability initiatives and strategy as well as progress toward its environmental, social and governance (ESG) goals. "CRC is committed to supporting the energy transition, decarbonizing our local economies and helping California achieve its climate goals," said Francisco Leon, CRC President and Chief Executive Officer. "Our 2023 performance reflects our progress as we continue to reliably deliver sustainable and affordable energy products critical to our communities and develop innovative carbon ma
LONG BEACH, Calif., Oct. 21, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) and its carbon management business, Carbon TerraVault, today announced the Kern County Board of Supervisors' unanimous approval of the conditional use permit for the Carbon TerraVault I (CTV I) carbon capture and storage project. This permit authorizes the construction activities necessary for the development of the project, which would be the first of its kind in California. This decision follows the Kern County Planning Commission's recommendation in September and marks a key milestone in CRC's efforts to develop its first carbon capture and storage project. "We are pleased the Board of S
GOLDEN, Colo. and LONG BEACH, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Colorado School of Mines (Mines) and Carbon TerraVault Holdings, LLC (CTV), a subsidiary of California Resources Corporation (NYSE:CRC), today announced the award of $8.9 million from the U.S. Department of Energy (DOE) for a Carbon Storage Assurance Facility Enterprise (CarbonSAFE) project in California. The grant will allow Mines, CTV, and industry partners Blade Energy Partners and Providence Strategic Consulting to conduct a feasibility study on the CTV III CO2 Storage Project, an underground carbon storage reservoir in San Joaquin County, California. The project will store up to an expected 71 million metric tons
SC 13G - California Resources Corp (0001609253) (Subject)
SC 13D - California Resources Corp (0001609253) (Subject)
SC 13D - California Resources Corp (0001609253) (Subject)
4 - California Resources Corp (0001609253) (Issuer)
4 - California Resources Corp (0001609253) (Issuer)
Ratings for California Resources (NYSE:CRC) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 2 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 2 0 0 0 3M Ago 2 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $65.2, along with a high estimate of $69.00 and a low estimate of $63.00. A negative shift in sentiment is evid
Citigroup analyst Scott Gruber reinstates California Resources (NYSE:CRC) with a Buy and announces $63 price target.
Shares of California Resources Corp. (NYSE:CRC) closed higher on Thursday after Hunterbrook Media alleged that a California oil and gas regulator has not enforced a new environmental law in a merger between California Resources and Aera Energy LLC. California Resources is a 2014 spinoff of oil major Occidental Petroleum Corp. (NYSE:OXY) that declared bankruptcy in 2020 before restructuring months later. Aera is a former joint venture of oil majors Shell plc (NYSE:SHELL) and ExxonMobil Corp. (NYSE:XOM) that German private equity group Institut fur Kapitalanlagen und Versicherungslosungen GmbH, known as IKAV, bought in 2022 for $4 billion. CRC acquired Aera two years later from IKAV for
California Resources Corporation (NYSE:CRC), an independent energy and carbon management company committed to energy transition, today announced that Nicole Parra has been appointed as Vice President of Community Affairs, effective July 6, 2023. In this role, she will be responsible for engaging community stakeholders to help further strengthen CRC's local partnerships and enact regional Community Benefits Plans for CRC's low-carbon oil and natural gas and carbon management businesses. Ms. Parra has spent most of her life in public service with 30 years of extensive legislative and political experience. Most recently, she served as Director of the California Renewable Energy Laboratory at
California Resources Corporation (NYSE:CRC) (the "Company") today announced that Chris Gould has been appointed as the Company's first ever Executive Vice President and Chief Sustainability Officer. "Bringing Chris on board reflects the importance of our ESG initiatives and our commitment to decarbonization and a realistic energy transition," said Mac McFarland, CEO and President. "His considerable leadership skills and experience in climate change and implementation of new technologies will help the Company deliver on our goals while maintaining ESG leadership." For the past decade, Mr. Gould has served as Senior Vice President Corporate Strategy and Chief Innovation and Sustainability Of
California Resources Corporation (NYSE:CRC) (the "Company") announced today that Tiffany (TJ) Thom Cepak has been appointed as the Chair of the Board of Directors of the Company. Ms. Cepak replaces Mark A. (Mac) McFarland as the Chair following his appointment as the permanent President and Chief Executive Officer of the Company on March 22, 2021. Mr. McFarland will continue to serve as a director the Company. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210415005357/en/Tiffany (TJ) Thom Cepak, Chair of the Board of Directors of California Resources Corporation (Photo: Business Wire) Mr. McFarland, President and Chief Executive