California ResourcesCRC
Market Cap: $4.29B
About: California Resources Corp is an independent oil and natural gas exploration and production company operating properties exclusively within California. It provides affordable and reliable energy in a safe and responsible manner, to support and enhance the quality of life of Californians and the local communities in which the company operates. It has some of the lowest carbon intensity production in the United States and is focused on maximizing the value of its land, mineral, and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects.
Employees: 970
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0% more funds holding in top 10
Funds holding in top 10: 7 [Q1] → 7 (+0) [Q2]
0.28% less ownership
Funds ownership: 107.06% [Q1] → 106.79% (-0.28%) [Q2]
4% less funds holding
Funds holding: 269 [Q1] → 257 (-12) [Q2]
5% less capital invested
Capital invested by funds: $4.09B [Q1] → $3.88B (-$206M) [Q2]
11% less repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 100
26% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 46
40% less call options, than puts
Call options by funds: $49.8M | Put options by funds: $83.6M
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Citigroup Scott Gruber 26% 1-year accuracy 8 / 31 met price target | 35%upside $65 | Buy Maintained | 5 Sept 2024 |
B of A Securities Kalei Akamine 0% 1-year accuracy 0 / 3 met price target | 35%upside $65 | Buy Upgraded | 21 Aug 2024 |
RBC Capital Scott Hanold 30% 1-year accuracy 11 / 37 met price target | 35%upside $65 | Outperform Reiterated | 15 Aug 2024 |
RBC Capital Scott Hanold 30% 1-year accuracy 11 / 37 met price target | 35%upside $65 | Outperform Reiterated | 12 Aug 2024 |
Barclays Betty Jiang 47% 1-year accuracy 7 / 15 met price target | 14%upside $55 | Equal-Weight Maintained | 8 Aug 2024 |
Financial journalist opinion
Based on 4 articles about CRC published over the past 30 days