Demystifying California Resources: Insights From 5 Analyst Reviews
Portfolio Pulse from Benzinga Insights
California Resources (NYSE:CRC) received mixed analyst ratings in the latest quarter, with a shift towards a more bullish outlook. The average 12-month price target was adjusted to $63.6, down from $65.33, reflecting a 2.65% decline. Analysts' actions varied, with some raising and others lowering their price targets. The company, an independent oil and natural gas producer in California, faces challenges such as a -24.72% revenue decline and below-industry benchmarks in financial health indicators.
February 08, 2024 | 3:00 pm
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California Resources received mixed analyst ratings, with a new average 12-month price target of $63.6, reflecting a 2.65% decline. The company faces significant challenges, including a notable revenue decline and below-industry financial health indicators.
The mixed analyst ratings and the slight shift towards a bullish outlook might create some positive sentiment among investors. However, the significant revenue decline and below-industry financial health indicators could counterbalance this optimism, leading to a neutral short-term impact on CRC's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100