California Resources Corporation (CRC) Price Target Analysis

Updated Jun 18, 2026

Analyst Rating: Buy

Based on 23 analysts

38.9% Below Target

CRC trades 38.9% below Wall Street's consensus target of $76.80.

Current Price$55.30

Average Target$76.80

Target

Current

Low$65.00

Median$78.00

High$87.00

Analyst Target Range

Forward P/E8.7x

(Value)

PEG Ratio—

Implied Growth+222.1%

(High Growth)

Analyst Spread28.6%

(High Agreement)

Price Forecast (1 Year)

Last 12 months price action with 12-month analyst target path

Current$55.30

Consensus$76.80

High$87.00

Low$65.00

Consensus Scenario Assumptions

The base valuation assumes CRC achieves its forward estimates and maintains a stable P/E multiple of 8.7x. This scenario reflects the blended consensus of 23 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.

Analyst Ratings Distribution

Breakdown of 23 published analyst recommendations for CRC

17/23 analysts are bullish

BearishBullish

Weighted analyst sentiment score based on 23 ratings

ConsensusBuy

Coverage23 Analysts

Net Score+35

Bull / Bear74% / 4%

Strong Buy00%

Buy1774%

Hold522%

Sell14%

Strong Sell00%

Strong Buy

00%

Buy

1774%

Hold

522%

Sell

14%

Strong Sell

00%

Recommendation Mix74% Buy · 22% Hold · 4% Sell

Buy (17)Hold (5)Sell (1)

CRC Price Target Analysis

Updated June 21, 2026

As of June 21, 2026, California Resources Corporation (CRC) has a Wall Street consensus price target of $76.80, based on estimates from 23 covering analysts. With the stock currently trading at $55.30, this represents a potential upside of +38.9%. The company has a market capitalization of $4.91B.

Analyst price targets range from a low of $65.00 to a high of $87.00, representing a 29% spread in expectations. The median target of $78.00 aligns closely with the consensus average.

The current analyst consensus rating is Buy, with 17 analysts rating the stock as a Buy or Strong Buy,5 rating it Hold, and 1 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.

From a valuation perspective, CRC trades at a trailing P/E of 13.3x and forward P/E of 8.7x. Analysts expect EPS to grow +222.1% over the next year.

Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $12.27, with bear and bull scenarios of $7.73 and $16.16 respectively. Model confidence stands at 41/100, suggesting limited visibility into future performance.

Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Energy stocks.

Analyst Sentiment Comparison

Industry Peer Analysis

Avg Peer Upside

+27.5%

Industry Consensus

Avg Forward P/E

7.1x

(Value)

Peers with Coverage

9 / 10

Active Analyst Tracking

Company	Market Cap	Price	Target	Upside Potential	Rating	Fwd P/E	Analysts
CIVICivitas Resources, Inc.	$2.3B	$27.38	$33.00	+20.5%	Hold	6.8x	16
SMSM Energy Company	$3.1B	$27.14	$35.20	+29.7%	Buy	3.5x	54
MTDRMatador Resources Company	$6.2B	$49.56	$72.00	+45.3%	Buy	6.4x	42
CRGYCrescent Energy Company	$3.4B	$10.44	$14.33	+37.3%	Buy	4.5x	12
BATLBattalion Oil Corporation	$20M	$1.20	—	—	Buy	5.2x	2
OXYOccidental Petroleum Corporation	$51.5B	$51.82	$62.31	+20.2%	Buy	9.3x	52
CVXChevron Corporation	$346.5B	$173.63	$200.13	+15.3%	Buy	12.1x	53
COPConocoPhillips	$131.3B	$107.74	$132.92	+23.4%	Buy	10.6x	52
DVNDevon Energy Corporation	$26.2B	$42.12	$58.77	+39.5%	Buy	7.5x	64
APAAPA Corporation	$11.7B	$33.03	$38.50	+16.6%	Hold	5.1x	51

CRC — Frequently Asked Questions

Quick answers to the most common questions about buying CRC stock.

What is the CRC stock price target for 2026?

The consensus Wall Street price target for CRC is $76.8, representing 38.9% upside from the current price of $55.3. With 23 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.

Is CRC a buy, sell, or hold?

CRC has a consensus rating of "Buy" based on 23 Wall Street analysts. The rating breakdown is predominantly bullish, with 17 Buy/Strong Buy ratings. The consensus 12-month price target of $76.8 implies 38.9% upside from current levels.

Is CRC stock overvalued or undervalued?

With a forward P/E of 8.6767x, CRC trades at a relatively low valuation. The consensus target of $76.8 implies 38.9% appreciation, suggesting meaningful undervaluation.

How high can CRC stock go?

The most bullish Wall Street analyst has a price target of $87 for CRC, while the most conservative target is $65. The consensus of $76.8 represents the median expectation. Our quantitative valuation model projects a bull case target of $16 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

How many analysts cover CRC stock?

CRC is well covered by analysts, with 23 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 17 have Buy ratings, 5 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

What is the CRC stock forecast?

The 12-month CRC stock forecast based on 23 Wall Street analysts shows a consensus price target of $76.8, with estimates ranging from $65 (bear case) to $87 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $12, with bear/bull scenarios of $8/$16.

What is CRC's fair value based on fundamentals?

Our quantitative valuation model calculates CRC's fair value at $12 (base case), with a bear case of $8 and bull case of $16. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 41/100.

What is CRC's forward P/E ratio?

CRC trades at a forward P/E ratio of 8.7x based on next-twelve-months earnings estimates compared to a trailing P/E of 13.3x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Should I buy CRC stock?

Wall Street analysts are very optimistic on CRC, with a "Buy" consensus rating and $76.8 price target (38.9% upside). 17 of 23 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

Why do CRC price targets vary so much?

CRC analyst price targets range from $65 to $87, a 29% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $76.8 consensus represents the middle ground. Our model's $8-$16 range provides an independent fundamental perspective.

Consensus-Based Analysis Tools