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
Should l Buy CRC?
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).
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Analyst Views on CRC
Wall Street analysts forecast CRC stock price to fall
9 Analyst Rating
9 Buy
0 Hold
0 Sell
Strong Buy
Current: 65.350
Low
56.00
Averages
64.33
High
72.00
Current: 65.350
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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- Ryder's Underperformance: Despite a one-month return of 9.6%, Ryder's annual revenue growth of only 3.7% over the past two years falls short of industrial sector standards, indicating limitations in rapid growth, while flat earnings per share put it at a disadvantage compared to peers.
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- Market Trend Analysis: While current market attention on these stocks is rising, short-term trends do not always guarantee long-term success, prompting investors to carefully assess fundamentals to avoid losses from chasing short-term fluctuations.
See More
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- Earnings Release Schedule: California Resources Corporation plans to release its Q1 2026 financial results on May 5, 2026, after market close, which is expected to impact investor confidence by showcasing the company's latest advancements in energy transition.
- Conference Call Timing: The company will hold a conference call on May 6, 2026, at 1:00 PM ET to discuss the financial results, providing pre-registration options to enhance participation and information dissemination efficiency.
- Participation Methods: Participants can join the call by dialing 877-328-5505 or accessing the company website, ensuring timely communication of information while offering a 90-day digital replay to enhance transparency.
- Company Background: California Resources Corporation is an independent energy and carbon management company committed to environmental stewardship and safely providing local energy, focusing on carbon capture and storage projects to demonstrate its strategic positioning in sustainable development.
See More
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- Market Indicator Surge: The NASDAQ 100 Pre-Market Indicator rises by 190.77 points to 23,323.54, indicating a positive shift in market sentiment that may attract more investors to tech stocks.
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- Nokia Price Recovery: Nokia Corporation (NOK) rises by 0.11 to $8.09 with 627,214 shares traded, currently exceeding its target price of $7.73 by 104.66%, indicating optimism about its business outlook.
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See More
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Market Value: The total market value of the shares being sold is approximately $213.85 million.
See More
