Breaking: Imperial Capital Reaffirms $41 Target On California Resources (NYSE:CRC) Shares, Reaffirms Their Original “Outperform” Rating

May 17, 2018 - By Paula Hilliard

Investors sentiment increased to 0.5 in 2017 Q4. Its up 0.17, from 0.33 in 2017Q3. It increased, as 2 investors sold California Resources Corporation shares while 0 reduced holdings. 0 funds opened positions while 1 raised stakes. 197,048 shares or 0.05% less from 197,142 shares in 2017Q3 were reported.

American Mngmt stated it has 0% of its portfolio in California Resources Corporation (NYSE:CRC). Adams Asset Advsr Ltd Liability holds 197,006 shares. Messner & Smith Theme Value Investment Limited Ca holds 0% of its portfolio in California Resources Corporation (NYSE:CRC) for 2 shares. Vantage Investment Ltd Limited Liability Company reported 7 shares. Gemmer Asset Limited Liability Com invested in 27 shares. Cypress Cap Mgmt Lc (Wy) stated it has 0% of its portfolio in California Resources Corporation (NYSE:CRC).

California Resources (NYSE:CRC) Rating Reaffirmed

Recently, In a research report sent to investors and clients on Thursday, 17 May, California Resources (NYSE:CRC) shares have had their “Outperform” Rating reiterated by analysts at Imperial Capital, who currently has a $41 PT on company. This target by Imperial Capital would suggest the possibile upside of 11.17 % from the last close price.

California Resources Corporation (NYSE:CRC) Ratings Coverage

Among 5 analysts covering California Resources (NYSE:CRC), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. California Resources has $38 highest and $16.0 lowest target. $31.13’s average target is -15.59% below currents $36.88 stock price. California Resources had 11 analyst reports since January 4, 2018 according to SRatingsIntel. Susquehanna maintained California Resources Corporation (NYSE:CRC) on Monday, March 5 with “Hold” rating. The firm earned “Buy” rating on Friday, May 4 by Bank of America. The rating was upgraded by Imperial Capital on Monday, February 12 to “Buy”. The stock of California Resources Corporation (NYSE:CRC) has “Hold” rating given on Wednesday, January 17 by Susquehanna. The company was downgraded on Thursday, January 4 by Societe Generale. The firm has “Hold” rating given on Thursday, February 1 by Goldman Sachs. Bank of America upgraded California Resources Corporation (NYSE:CRC) on Thursday, January 4 to “Neutral” rating. On Monday, May 7 the stock rating was maintained by Imperial Capital with “Buy”. The rating was maintained by Susquehanna on Thursday, April 19 with “Hold”. The rating was upgraded by Bank of America to “Buy” on Tuesday, January 16.

The stock increased 5.31% or $1.86 during the last trading session, reaching $36.88. About 2.88 million shares traded or 38.90% up from the average. California Resources Corporation (NYSE:CRC) has risen 26.38% since May 18, 2017 and is uptrending. It has outperformed by 14.83% the S&P500.

Analysts await California Resources Corporation (NYSE:CRC) to report earnings on August, 2. They expect $-0.29 EPS, up 84.15 % or $1.54 from last year’s $-1.83 per share. After $0.18 actual EPS reported by California Resources Corporation for the previous quarter, Wall Street now forecasts -261.11 % negative EPS growth.

California Resources Corporation operates as an oil and natural gas exploration and production firm in the State of California. The company has market cap of $1.67 billion. It produces and markets crude oil, natural gas, and natural gas liquids. It currently has negative earnings. The firm holds interests in approximately 2.3 million net acres of mineral acreage.

California Resources Corporation (NYSE:CRC) Ratings Chart

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