In a report issued on July 9, Biju Perincheril from Susquehanna reiterated a Hold rating on California Resources (NYSE: CRC), with a price target of $42. The company’s shares closed yesterday at $40.53.
According to TipRanks.com, Perincheril is a 5-star analyst with an average return of 18.8% and a 70.7% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Whiting Petroleum Corp, and Continental Resources.
California Resources has an analyst consensus of Moderate Buy, with a price target consensus of $34.33.
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The company has a one-year high of $48.85 and a one-year low of $6.47. Currently, California Resources has an average volume of 2.28M.
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California Resources Corp. is an independent oil and natural gas exploration and production company. It explores for, produces, gathers, processes and markets crude oil, natural gas and natural gas liquids. The company was founded on April 23, 2014 and is headquartered in Los Angeles, CA.
