California Resources Corp (NYSE:CRC) has received an average recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $44.00.
A number of equities research analysts recently commented on CRC shares. TheStreet raised California Resources from a “d” rating to a “c-” rating in a research report on Thursday, November 15th. ValuEngine lowered California Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. Zacks Investment Research lowered California Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, December 25th. Finally, Bank of America lowered California Resources from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a research report on Friday, January 4th.
Shares of NYSE:CRC traded up $0.47 during trading on Friday, reaching $22.18. 1,638,933 shares of the stock were exchanged, compared to its average volume of 2,029,298. California Resources has a 1-year low of $13.26 and a 1-year high of $50.34. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -5.04 and a beta of 4.75.
About California Resources
California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. The company sells crude oil, natural gas, and natural gas liquids to marketers, California refineries, and other purchasers that have access to transportation and storage facilities.
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