CRC Should I Buy
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California Resources Corp (CRC) does not present a strong buy opportunity for a beginner, long-term investor at this time. While technical indicators show some bullish trends and insider/hedge fund buying is a positive signal, the company's financial performance has significantly deteriorated, and there are no recent news catalysts to drive immediate upside. Analysts have lowered price targets, and the stock's recent performance suggests limited short-term momentum. Given the user's impatience and preference for long-term stability, it is better to hold off on investing in CRC until stronger financial and market catalysts emerge.
The technical indicators show mixed signals. The MACD is positive and contracting, indicating potential bullish momentum. The RSI is neutral at 60.932, and moving averages are bullish (SMA_5 > SMA_20 > SMA_200). The stock is trading near its resistance level (R1: 56.453), suggesting limited upside in the short term. Support levels are at 52.278 and 50.988.
Hedge funds and insiders are significantly increasing their buying activity.
Analysts maintain a generally favorable long-term outlook for the energy sector, with some seeing potential value in exploration and production stocks.
Bullish moving averages indicate potential upward momentum in the stock price.
Financial performance in Q3 2025 was weak, with revenue, net income, EPS, and gross margin all declining significantly YoY.
Analysts have been lowering price targets recently, reflecting cautious sentiment.
No recent news or event-driven catalysts to support immediate price appreciation.
Stock trend analysis suggests limited upside in the short term, with a potential decline over the next month.
In Q3 2025, CRC's revenue dropped by -11.94% YoY to $878M, net income fell by -81.45% YoY to $64M, and EPS declined by -79.89% YoY to $0.76. Gross margin also decreased by -8.69% YoY to 50%. These results indicate significant financial weakness, which could weigh on investor sentiment.
Analysts have mixed views. UBS and Barclays maintain Buy and Overweight ratings but have lowered price targets to $63 and $65, respectively. Other analysts, such as Pickering Energy, have downgraded the stock to Neutral. The consensus reflects cautious optimism for the long-term energy sector but highlights near-term risks from commodity price volatility and macroeconomic uncertainty.
