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California Resources: Wall Street Ratings after Its 4Q17 Earnings

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Mar. 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.

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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%.

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