California Resources: Wall Street Ratings after Its 4Q17 Earnings
By Nicholas ChapmanMar. 2 2018, Updated 9:01 a.m. ET
Analyst recommendations for California Resources
On February 26, 2018, Reuters reported that seven analysts tracked California Resources (CRC) stock. Of these, ~14.0% analysts gave “strong buy” ratings, ~29.0% analysts gave “buy” recommendations, and ~57.0% analysts gave “hold” recommendations on CRC. There were no “sell” or “strong sell” recommendations on the stock.
CRC’s median target price
The median target price on California Resources (CRC) stock is $25.50, which is ~24.0% higher than its February 26, 2018, closing price of $20.11. In the last three months, California Resources stock’s median target price has increased from $15.00 to $25.50.
Other oil and gas producers
Based on the median price targets from Wall Street analysts, oil and gas companies ConocoPhillips (COP) and Encana (ECA) have potential upsides of ~21.0% and ~45.0%, respectively, from their February 26 closing prices. Murphy Oil (MUR) has a potential upside of ~32.0%.
