Analyst Scoreboard: 8 Ratings For California Resources
Portfolio Pulse from Benzinga Insights
California Resources (NYSE:CRC) received mixed analyst ratings, with a positive shift in average price targets. Analysts' evaluations show a range of bullish to indifferent sentiments, with recent upgrades in ratings and price targets. Despite financial challenges, CRC's focus on decarbonization projects and a sound debt structure are notable.
October 22, 2024 | 1:01 pm
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POSITIVE IMPACT
California Resources (NYSE:CRC) has received a range of analyst ratings from bullish to indifferent, with a positive shift in average price targets. Analysts have recently upgraded their ratings and price targets, indicating a more favorable outlook. However, the company faces financial challenges with declining revenue growth and below-average profitability metrics.
The positive shift in average price targets and recent upgrades in analyst ratings suggest a more favorable short-term outlook for CRC. However, the company's financial challenges, such as declining revenue growth and below-average profitability metrics, may temper the positive sentiment. The focus on decarbonization projects and a sound debt structure are positive factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100