Truist initiated coverage on California Resources Corp with a new price target
$CRC
Oil & Gas Production
Energy
Truist initiated coverage of California Resources Corp with a rating of Buy and set a new price target of $75.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/15/2025 | $63.00 | Neutral → Overweight | Analyst |
| 5/30/2025 | $60.00 | Equal Weight → Overweight | Barclays |
| 4/7/2025 | $36.00 | Buy → Neutral | Citigroup |
| 1/13/2025 | $75.00 | Buy | Truist |
| 12/20/2024 | $63.00 | Neutral | Analyst |
| 10/24/2024 | $64.00 | Buy | Jefferies |
| 10/22/2024 | $73.00 | Overweight | Stephens |
| 10/16/2024 | $68.00 | Buy | UBS |
4 - California Resources Corp (0001609253) (Issuer)
4 - California Resources Corp (0001609253) (Issuer)
4 - California Resources Corp (0001609253) (Issuer)
LONG BEACH, Calif., Sept. 24, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) (the "Company") announced today the pricing of its private offering of $400 million in aggregate principal amount of its 7.000% senior unsecured notes due 2034 (the "Notes") at par. The Notes will be guaranteed by all of the Company's existing subsidiaries (and certain future subsidiaries) that guarantee its revolving credit facility, its 7.125% senior unsecured notes due 2026 and its 8.250% senior unsecured notes due 2029. The offering is expected to close on October 8, 2025, subject to customary closing conditions. The Company estimates that the net proceeds from the offering will be appro
LONG BEACH, Calif., Sept. 24, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) (the "Company") announced today that, subject to market and other conditions, it intends to offer and sell to eligible purchasers $400 million in aggregate principal amount of senior unsecured notes due 2034 (the "Notes"). The Notes will be guaranteed by all of the Company's existing subsidiaries (and certain future subsidiaries) that guarantee its revolving credit facility, its 7.125% senior unsecured notes due 2026 and its 8.250% senior unsecured notes due 2029. The Company intends to use the net proceeds from this offering, together with cash on hand and borrowings under its revolving cred
LONG BEACH, Calif., Sept. 18, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) today announced the publication of its 2024 Sustainability Report Summary and 2024 Sustainability Report. These disclosures provide an overview of CRC's continuous progress on its sustainability efforts and performance as the company advances its commitment to serve as a steward of California's natural resources and leader in local energy production. "CRC entered an exciting new chapter in 2024 as the largest oil and gas producer in California after completing our merger with Aera Energy," said Francisco Leon, CRC President and Chief Executive Officer. "As our operational scale and productio
Analyst upgraded California Resources from Neutral to Overweight and set a new price target of $63.00
Barclays upgraded California Resources from Equal Weight to Overweight and set a new price target of $60.00
Citigroup downgraded California Resources from Buy to Neutral and set a new price target of $36.00
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)
SD - California Resources Corp (0001609253) (Filer)
LONG BEACH, Calif., Sept. 18, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) today announced the publication of its 2024 Sustainability Report Summary and 2024 Sustainability Report. These disclosures provide an overview of CRC's continuous progress on its sustainability efforts and performance as the company advances its commitment to serve as a steward of California's natural resources and leader in local energy production. "CRC entered an exciting new chapter in 2024 as the largest oil and gas producer in California after completing our merger with Aera Energy," said Francisco Leon, CRC President and Chief Executive Officer. "As our operational scale and productio
Highly Accretive Transaction Across Key Financial Metrics Enhances CRC's Portfolio Combination to Create a Stronger, More Efficient Leader in California Energy LONG BEACH, Calif. and DALLAS, Sept. 15, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) ("CRC") and Berry Corporation (NASDAQ:BRY) ("Berry") jointly announced today their entry into a definitive agreement to combine in an all-stock transaction valuing Berry at approximately $717 million, inclusive of Berry's net debt1. Under the terms of the merger agreement, existing CRC shareholders are expected to own approximately 94% of the combined company upon closing. Supplemental slides have been posted to CRC's
Company Raises 2025E Production and Adjusted EBITDAX Guidance, Reduces Drilling, Completions and Workover Capital Program Returned Quarterly Record of $287 Million to Shareholders LONG BEACH, Calif., Aug. 05, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) reported financial and operating results for the second quarter of 2025. The Company is hosting a conference call and webcast at 1 p.m. ET (10 a.m. PT) on Wednesday, August 6, 2025. Conference call details can be found within this release. Second Quarter Highlights Delivered average net production of 137 thousand barrels of oil equivalent per day (MBoe/d) (80% oil), at the high end of guidance, with drilling, com
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/A - California Resources Corp (0001609253) (Subject)
SC 13G/A - California Resources Corp (0001609253) (Subject)
SC 13G/A - California Resources Corp (0001609253) (Subject)