In a report released yesterday, Biju Perincheril from Susquehanna reiterated a Hold rating on California Resources (NYSE: CRC), with a price target of $40. The company’s shares closed on Friday at $34.99.
According to TipRanks.com, Perincheril is a 5-star analyst with an average return of 14.4% and a 62.7% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Continental Resources.
California Resources has an analyst consensus of Moderate Buy, with a price target consensus of $40.50.
See today’s analyst top recommended stocks >>
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 2.07M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
