California Resources Corp Stock Enters Oversold Territory
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 22 2026
0mins
Source: NASDAQ.COM
- Oversold Indicator: California Resources Corp's Relative Strength Index (RSI) has dropped to 29.9, below the oversold threshold of 30, indicating that the recent decline in stock price may be nearing exhaustion, thus providing potential buying opportunities for investors.
- Dividend Yield: With a recent share price of $55.30, California Resources Corp offers an annualized dividend of $1.62, translating to an annual yield of 2.93%, making it attractive for income-seeking investors.
- Market Comparison: Compared to the average RSI of 51.0 for covered dividend stocks, California Resources Corp's significantly lower RSI suggests that its stock price may be undervalued, potentially drawing more attention from dividend investors.
- Investor Strategy: While dividend predictability is often limited, analyzing the company's dividend history can assist investors in assessing the likelihood of recent dividends continuing, enabling more informed investment decisions.
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Analyst Views on CRC
Wall Street analysts forecast CRC stock price to rise
9 Analyst Rating
9 Buy
0 Hold
0 Sell
Strong Buy
Current: 51.070
Low
56.00
Averages
64.33
High
72.00
Current: 51.070
Low
56.00
Averages
64.33
High
72.00
About CRC
California Resources Corporation is an independent energy and carbon management company committed to energy transition. The Company’s segments include Oil and Natural Gas and Carbon Management. Its Carbon Management business, Carbon TerraVault, focuses on building, installing, operating, and maintaining carbon dioxide equipment, transportation assets and storage facilities. The Oil and Natural Gas segment explores for, develops and produces crude oil, oil condensate, natural gas liquids and natural gas. It has operations in oil and gas basins, including San Joaquin Basin, Los Angeles Basin, Sacramento Basin, and other. It has interests in oil and gas fields throughout the San Joaquin basin, including in Elk Hills, Buena Vista, Coles Levee, North Belridge and South Belridge, Kern Front, Lost Hills, Cymric, McKittrick, Midway Sunset and Coalinga. The Los Angeles Basin is a northwest-trending plain about 50 miles long and 20 miles wide. The Company is also focused on Uinta basin.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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California Resources Corp Stock Enters Oversold Territory
- Oversold Indicator: California Resources Corp's Relative Strength Index (RSI) has dropped to 29.9, below the oversold threshold of 30, indicating that the recent decline in stock price may be nearing exhaustion, thus providing potential buying opportunities for investors.
- Dividend Yield: With a recent share price of $55.30, California Resources Corp offers an annualized dividend of $1.62, translating to an annual yield of 2.93%, making it attractive for income-seeking investors.
- Market Comparison: Compared to the average RSI of 51.0 for covered dividend stocks, California Resources Corp's significantly lower RSI suggests that its stock price may be undervalued, potentially drawing more attention from dividend investors.
- Investor Strategy: While dividend predictability is often limited, analyzing the company's dividend history can assist investors in assessing the likelihood of recent dividends continuing, enabling more informed investment decisions.
See More
California Resources Corporation Prices $550 Million Senior Notes Offering
- Offering Overview: California Resources Corporation announced the pricing of $550 million in 7.250% senior unsecured notes due 2035, expected to close on June 26, 2026, indicating the company's active engagement in capital markets and financing capabilities.
- Clear Use of Proceeds: The offering is estimated to yield approximately $541 million in net proceeds, which the company intends to use to redeem all outstanding $550 million of its 2029 senior notes at a redemption price of 104.125%, thereby reducing future interest burdens.
- Subsidiary Guarantees: The new notes will be guaranteed by all existing subsidiaries, enhancing the security of the bonds and demonstrating the company's financial robustness, which is likely to boost investor confidence.
- Compliance Statement: The notes are not registered under the Securities Act of 1933 and will only be offered to qualified institutional buyers, reflecting the company's cautious approach to legal compliance and ensuring the integrity of the offering process.
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- Market Establishment: The project sources CO2 from the company's cryogenic gas plant and utilizes existing infrastructure to safely and permanently store captured CO2 over a mile underground in a depleted oil and gas reservoir, thereby establishing a market for CO2 storage from industrial sources.
- Regulatory Approval: CTV I-26R is the first reservoir in California to receive final Class VI permits from the U.S. Environmental Protection Agency, demonstrating the project's leadership in compliance and environmental protection, which boosts investor confidence.
- Future Potential: California Resources has submitted eight additional CTV storage reservoirs for EPA Class VI permitting, representing approximately 352 million metric tons of potential CO2 storage capacity to be developed in California, further solidifying its market leadership in the CCS sector.
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- Financial Improvement: Analyst Scott Gruber notes that Ovintiv's acquisition of Montney peer Arc Resources should enhance its visibility in the play, while anticipated fund flows may offset AECO pricing pressures, further improving the company's financial health.
- Production Outlook: Ovintiv's well productivity in Midland continues to show impressive improvement, which is expected to de-risk the volume outlook going forward and potentially set the stage for a type-curve uplift into 2027, with a forecasted net debt of approximately $2 billion by then.
- Market Opportunity: Despite a pullback in California Resources' shares following earnings, Gruber sees this as an opportunity, as the core oil and gas business value has materially improved due to higher medium-term oil prices and a more favorable permitting environment in California.
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- Active Stocks: Seer, Inc. (SEER) increased by $0.59 to $2.21 with a trading volume of 9,113,701 shares, reflecting strong performance following a 52-week high recorded in the previous session.
- Nokia's Performance: Nokia Corporation (NOK) rose by $0.4201 to $12.49 with 6,146,039 shares traded, and the current mean recommendation is in the 'buy range', suggesting optimistic market sentiment regarding its growth prospects.
- Oracle Earnings Outlook: Oracle Corporation (ORCL) gained $3.5766 to $143.85, with six upward revisions in earnings forecasts over the past four weeks, projecting an EPS of $1.39 for the fiscal quarter ending August 2026, indicating positive market expectations for its future performance.
See More
California Resources Corp Stock Enters Oversold Territory
- Oversold Indicator: California Resources Corp's Relative Strength Index (RSI) has dropped to 29.9, below the oversold threshold of 30, indicating that the recent decline in stock price may be nearing exhaustion, thus providing potential buying opportunities for investors.
- Dividend Yield: With a recent share price of $55.30, California Resources Corp offers an annualized dividend of $1.62, translating to an annual yield of 2.93%, making it attractive for income-seeking investors.
- Market Comparison: Compared to the average RSI of 51.0 for covered dividend stocks, California Resources Corp's significantly lower RSI suggests that its stock price may be undervalued, potentially drawing more attention from dividend investors.
- Investor Strategy: While dividend predictability is often limited, analyzing the company's dividend history can assist investors in assessing the likelihood of recent dividends continuing, enabling more informed investment decisions.
See More
California Resources Corporation Prices $550 Million Senior Notes Offering
- Offering Overview: California Resources Corporation announced the pricing of $550 million in 7.250% senior unsecured notes due 2035, expected to close on June 26, 2026, indicating the company's active engagement in capital markets and financing capabilities.
- Clear Use of Proceeds: The offering is estimated to yield approximately $541 million in net proceeds, which the company intends to use to redeem all outstanding $550 million of its 2029 senior notes at a redemption price of 104.125%, thereby reducing future interest burdens.
- Subsidiary Guarantees: The new notes will be guaranteed by all existing subsidiaries, enhancing the security of the bonds and demonstrating the company's financial robustness, which is likely to boost investor confidence.
- Compliance Statement: The notes are not registered under the Securities Act of 1933 and will only be offered to qualified institutional buyers, reflecting the company's cautious approach to legal compliance and ensuring the integrity of the offering process.
See More
California Resources Launches First Carbon Capture Project
- First Carbon Capture Project: California Resources Corp. successfully achieved the first carbon dioxide injection at its Carbon TerraVault I project in Elk Hills, Kern County, marking California's first operational CCS project and enhancing the company's competitive position in the global CCS landscape.
- Market Establishment: The project sources CO2 from the company's cryogenic gas plant and utilizes existing infrastructure to safely and permanently store captured CO2 over a mile underground in a depleted oil and gas reservoir, thereby establishing a market for CO2 storage from industrial sources.
- Regulatory Approval: CTV I-26R is the first reservoir in California to receive final Class VI permits from the U.S. Environmental Protection Agency, demonstrating the project's leadership in compliance and environmental protection, which boosts investor confidence.
- Future Potential: California Resources has submitted eight additional CTV storage reservoirs for EPA Class VI permitting, representing approximately 352 million metric tons of potential CO2 storage capacity to be developed in California, further solidifying its market leadership in the CCS sector.
See More
Citi Upgrades Ovintiv and CRC to Buy with Price Targets of $70 and $78
- Rating Upgrade: Citi has upgraded Ovintiv (OVV) and California Resources (CRC) from Neutral to Buy, with price targets set at $70 and $78 respectively, indicating a rising relative value appeal in the exploration and production sector.
- Financial Improvement: Analyst Scott Gruber notes that Ovintiv's acquisition of Montney peer Arc Resources should enhance its visibility in the play, while anticipated fund flows may offset AECO pricing pressures, further improving the company's financial health.
- Production Outlook: Ovintiv's well productivity in Midland continues to show impressive improvement, which is expected to de-risk the volume outlook going forward and potentially set the stage for a type-curve uplift into 2027, with a forecasted net debt of approximately $2 billion by then.
- Market Opportunity: Despite a pullback in California Resources' shares following earnings, Gruber sees this as an opportunity, as the core oil and gas business value has materially improved due to higher medium-term oil prices and a more favorable permitting environment in California.
See More
Latest Wall Street Rating Updates
- Goldman Sachs Reiterates Buy on Broadcom: Goldman raised Broadcom's price target from $480 to $500, anticipating strong CapEx spending patterns from key customers, indicating that the upcoming earnings report may exceed market expectations.
- Oppenheimer Upgrades Rubrik: Oppenheimer upgraded Rubrik from Perform to Outperform with a price target of $85, based on strong checks from value-added resellers, highlighting the product's competitive strength in the market.
- UBS Upgrades Packaging Corp: UBS upgraded Packaging Corp from Neutral to Buy, expecting the $50/ton price hike to stick, which, combined with high utilization and prior capacity cuts, could add approximately $290 million in annualized EBITDA.
- Deutsche Bank Upgrades Humana: Deutsche Bank believes there is still time to buy shares of Humana, upgrading its rating to Buy, as it anticipates a new rally in managed care organizations that is just beginning.
See More
