California Resources Faces Permit Challenges And Oversupply Risks—Analyst Sees Growth, But Stay Cautious
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 14 2025
0mins
Source: Benzinga
Analyst Rating and Performance: J.P. Morgan analyst Alejandra Magana maintains a Neutral rating on California Resources Corporation (CRC) with a price target of $63, noting a strong fourth quarter despite missing EPS and revenue estimates, while highlighting challenges from California regulations and potential oversupply concerns in 2025.
Regulatory Challenges and Opportunities: The company is facing stalled permit inventory due to regulatory revisions and may encounter further local restrictions; however, it is exploring clean power initiatives and has unique opportunities in carbon capture and storage (CCS).
Analyst Views on CRC
Wall Street analysts forecast CRC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRC is 65.22 USD with a low forecast of 56.00 USD and a high forecast of 72.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
11 Buy
0 Hold
0 Sell
Strong Buy
Current: 48.970
Low
56.00
Averages
65.22
High
72.00
Current: 48.970
Low
56.00
Averages
65.22
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.
