Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
2/24/2023 | $51.00 → $60.00 | Neutral → Buy | BofA Securities |
1/10/2023 | $60.00 | Buy | Mizuho |
11/15/2022 | $49.00 → $58.00 | Underperform → Neutral | BofA Securities |
4 - California Resources Corp (0001609253) (Issuer)
4 - California Resources Corp (0001609253) (Issuer)
Company's Local Investment to Provide Transformative Economic, Environmental and Social Benefits to Kern County Communities California Resources Corporation (NYSE:CRC), an independent energy and carbon management company, today announced the launch of its Carbon TerraVault I (CTV I) Elk Hills Community Benefits Plan (CBP) in Kern County, California. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240910230269/en/ CRC conducts its carbon management business through Carbon TerraVault and its subsidiaries, which pursue carbon capture and sequestration (CCS) projects that are directly sited or within proximity to significant sources
California Resources Corporation (NYSE:CRC) (the "Company") today announced the consideration payable as set forth in the table below in respect of the previously announced cash tender offer (the "Tender Offer") to purchase up to $300 million aggregate principal amount of its outstanding 7.125% senior notes due 2026 (the "2026 Notes") upon the terms and conditions described in the Company's Offer to Purchase, dated August 8, 2024, as amended (the "Offer to Purchase"). The consideration of $1,009.15 per $1,000 principal amount (the "Early Tender Consideration") of 2026 Notes that were validly tendered at or prior to the Early Tender Time (as defined below) and are accepted for purchase pur
California Resources Corporation (NYSE:CRC) (the "Company") today announced the early tender results in respect of the previously announced cash tender offer (the "Tender Offer") to purchase up to $300 million aggregate principal amount of its outstanding 7.125% senior notes due 2026 (the "2026 Notes") upon the terms and conditions described in the Company's Offer to Purchase, dated August 8, 2024, as amended (the "Offer to Purchase"). Early Tender Results As of 5:00 p.m., New York City time, on August 21, 2024 (such time and date, the "Early Tender Time"), according to information provided by D.F. King & Co., Inc., the depositary and information agent for the Tender Offer, the aggregat
BofA Securities upgraded California Resources Corp from Neutral to Buy and set a new price target of $65.00 from $57.00 previously
TD Cowen initiated coverage of California Resources Corp with a rating of Buy and set a new price target of $65.00
Citigroup resumed coverage of California Resources Corp with a rating of Buy and set a new price target of $63.00
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
SC 13G - California Resources Corp (0001609253) (Subject)
SC 13D - California Resources Corp (0001609253) (Subject)
SC 13D - California Resources Corp (0001609253) (Subject)
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
Doubled Central California CO2 potential storage capacity with new EPA Class VI permit application Nearly tripled storage-only project with NLC Energy Carbon TerraVault Holdings, LLC (CTV) today provided a second quarter 2024 update. California Resources Corporation (NYSE:CRC) conducts its carbon management business through CTV and its subsidiaries, which pursues carbon capture and sequestration (CCS) projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California. "Our Carbon TerraVault team continues to advance its business, recently submitting an application to the EPA for a new Class VI permit for CTV VI, which upon
California Resources Corporation (NYSE:CRC) plans to release its second quarter 2024 financial results on Tuesday, August 6th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, August 7th 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/10189857/fcb0ff718c. 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 to and after the call start time. To participate in CRC'
4 - California Resources Corp (0001609253) (Issuer)
4 - California Resources Corp (0001609253) (Issuer)
4 - California Resources Corp (0001609253) (Issuer)
8-K - California Resources Corp (0001609253) (Filer)
8-K - California Resources Corp (0001609253) (Filer)
10-Q - California Resources Corp (0001609253) (Filer)
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