California Resources Corporation (CRC) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$61.46
Price Target
$68.33
Target Range
$56.00 — $84.00
Analyst Rating
Buy
Forward P/E12.1x
Trailing P/E14.8x
Forward PEG—
Implied Growth+22.1%
Median Target$67.50
Analyst Spread41.0%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$56
-8.9%
Consensus
$68
+11.2%
Bull Case
$84
+36.7%
Valuation Model TargetsConfidence: 40/100
Bear$2
Base$74
Bull$190
CRC Price Target Analysis
Updated May 7, 2026As of May 7, 2026, California Resources Corporation (CRC) has a Wall Street consensus price target of $68.33, based on estimates from 23 covering analysts. With the stock currently trading at $61.46, this represents a potential upside of +11.2%. The company has a market capitalization of $5.45B.
Analyst price targets range from a low of $56.00 to a high of $84.00, representing a 41% spread in expectations. The median target of $67.50 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 16 analysts rating the stock as a Buy or Strong Buy,6 rating it Hold, and 1 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, CRC trades at a trailing P/E of 14.8x and forward P/E of 12.1x. Analysts expect EPS to grow +22.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $74.20, with bear and bull scenarios of $2.44 and $190.42 respectively. Model confidence stands at 40/100, 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 AnalysisAvg Peer Upside+4.9%
Avg Forward P/E9.6x
Peers with Coverage9 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 CIVICivitas Resources, Inc. | $2.3B | $27.38 | $31.00 | +13.2% | Hold | 6.8x | 16 |
 SMSM Energy Company | $3.3B | $28.55 | $29.00 | +1.6% | Buy | 4.3x | 54 |
 MTDRMatador Resources Company | $7.2B | $57.76 | $68.29 | +18.2% | Buy | 8.0x | 42 |
 CRGYCrescent Energy Company | $4.3B | $13.10 | $12.80 | -2.3% | Buy | 6.4x | 12 |
 BATLBattalion Oil Corporation | $49M | $2.95 | — | — | Buy | 12.8x | 2 |
 OXYOccidental Petroleum Corporation | $54.6B | $55.03 | $56.64 | +2.9% | Buy | 13.3x | 52 |
 CVXChevron Corporation | $369.4B | $185.13 | $190.93 | +3.1% | Buy | 15.2x | 53 |
 COPConocoPhillips | $144.9B | $118.90 | $127.07 | +6.9% | Buy | 13.8x | 52 |
 DVNDevon Energy Corporation | $29.0B | $46.60 | $53.78 | +15.4% | Buy | 8.9x | 64 |
 APAAPA Corporation | $13.5B | $38.30 | $32.46 | -15.2% | Hold | 7.0x | 51 |
Upside Potential Comparison
MTDRDVNCIVICOPCVXOXYSMCRGYSee CRC's True Return
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Start ComparisonCRC — Frequently Asked Questions
Quick answers to the most common questions about buying CRC stock.
What is the CRC stock price target for 2026?
California Resources Corporation (CRC) has a consensus 12-month price target of $68.33, implying 11.2% upside from $61.46. The 23 analysts covering CRC see moderate appreciation potential.
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 16 Buy/Strong Buy ratings. The consensus 12-month price target of $68.33 implies 11.2% upside from current levels.
Is CRC stock overvalued or undervalued?
With a forward P/E of 12.1232x, CRC trades at a relatively low valuation. The consensus target of $68.33 implies 11.2% appreciation, suggesting meaningful undervaluation.
How high can CRC stock go?
The most bullish Wall Street analyst has a price target of $84 for CRC, while the most conservative target is $56. The consensus of $68.33 represents the median expectation. Our quantitative valuation model projects a bull case target of $190 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, 16 have Buy ratings, 6 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 $68.33, with estimates ranging from $56 (bear case) to $84 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $74, with bear/bull scenarios of $2/$190.
What is CRC's fair value based on fundamentals?
Our quantitative valuation model calculates CRC's fair value at $74 (base case), with a bear case of $2 and bull case of $190. 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 40/100.
What is CRC's forward P/E ratio?
CRC trades at a forward P/E ratio of 12.1x based on next-twelve-months earnings estimates compared to a trailing P/E of 14.8x. 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 optimistic on CRC, with a "Buy" consensus rating and $68.33 price target (11.2% upside). 16 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 $56 to $84, a 41% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $68.33 consensus represents the middle ground. Our model's $2-$190 range provides an independent fundamental perspective.