Stock Price Prediction

Analysis and Insights

News and Event Impact:

1. Dividend Declaration: California Resources Corporation (CRC) has declared a quarterly dividend of $0.388 per share, payable on March 21, with an ex-dividend date set for March 10. This could attract short-term investors looking to capture the dividend yield.

2. Carbon Management Initiatives: CRC's Carbon TerraVault has made significant progress in carbon management, including receiving EPA permits and planning a carbon capture project. This aligns with global decarbonization trends and could enhance the company's long-term value.

3. Financial Performance: CRC missed Q4 earnings estimates but provided a FY25 outlook. The company also announced a partial redemption of its senior notes, which may improve its debt structure.

Technical Analysis:

• RSI (14): 31.96, indicating oversold conditions, suggesting a potential rebound.
• MACD: Negative, indicating bearish momentum.
• Fibonacci Levels: Pivot at 42.82, resistance at 46.50, and support at 36.88.

Price Prediction:

Based on the analysis, CRC's stock price is expected to range between $38.00 and $44.00 next week. A breakout above the Fibonacci pivot could push the price towards $44.00, while failure to do so may lead to a drop towards $38.00.

Recommendation:

Buy CRC with a target price of $44.00 and a stop-loss at $38.00. The oversold RSI and potential dividend-driven buying could support a short-term rebound.