In-Depth Examination Of 9 Analyst Recommendations For California Resources
Portfolio Pulse from Benzinga Insights
California Resources (NYSE:CRC) has been analyzed by 9 analysts, showing a mix of bullish to bearish sentiments. The average 12-month price target is now $66.44, up from $65.88. Analyst actions include both raises and lowers in ratings and price targets. The company, an independent oil and natural gas producer in California, faces challenges in market capitalization, revenue growth, and net margin, but excels in ROE and ROA. Its debt-to-equity ratio is below industry average, indicating conservative financial management.
March 22, 2024 | 2:00 pm
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California Resources has received mixed analyst ratings with a slight increase in the average 12-month price target. The company faces revenue and market capitalization challenges but has strong ROE and ROA.
The mixed analyst ratings and slight increase in the price target suggest a neutral short-term impact on CRC's stock price. The company's financial challenges may dampen investor enthusiasm, but its strong ROE and ROA, along with a conservative debt management strategy, provide a solid foundation that could mitigate negative perceptions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100