Wall Street analysts’ ratings for California Resources
Currently, 12.5% of Wall Street analysts rate California Resources (CRC) as a “buy,” 75% of analysts rate it as a “hold,” and 12.5% of analysts rate it as a “sell.” There are no “strong buy” or “strong sell” ratings on the stock.
The median target price from these recommendations is $19.00, which is ~1% higher than the stock’s December 21, 2016, closing price of $18.76.
Other oil and gas producers
Based on the median price targets of recommendations from Wall Street analysts, other upstream companies SM Energy (SM), ConocoPhillips (COP), and QEP Resources (QEP) have potential upsides of ~31%, ~8%, and ~32%, respectively, compared to their December 21, 2016, closing prices.
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) generally invests at least 80% of its total assets in oil and gas exploration companies.