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California Resources Corp ( (CRC) ) has provided an announcement.
On September 22, 2025, California Resources Corporation amended its credit agreement to facilitate its pending merger with Berry Corporation. Additionally, on September 24, 2025, CRC announced a proposed private offering of $400 million in senior unsecured notes due 2034, with proceeds intended to repay Berry Corporation’s existing debt related to the merger. This strategic move aims to strengthen CRC’s financial position and support its merger with Berry, potentially impacting stakeholders by enhancing the company’s market presence and operational capabilities.
The most recent analyst rating on (CRC) stock is a Buy with a $66.00 price target. To see the full list of analyst forecasts on California Resources Corp stock, see the CRC Stock Forecast page.
Spark’s Take on CRC Stock
According to Spark, TipRanks’ AI Analyst, CRC is a Outperform.
California Resources Corp’s strong financial performance, undervaluation, and positive earnings call sentiment contribute significantly to its high score. Technical indicators support a stable outlook, while the company’s strategic advancements and shareholder returns further enhance its position.
To see Spark’s full report on CRC stock, click here.
More about California Resources Corp
California Resources Corporation (CRC) is an independent energy and carbon management company focused on energy transition. It is committed to environmental stewardship while providing local, responsibly sourced energy and is involved in developing carbon capture and storage (CCS) and other emissions-reducing projects.
Average Trading Volume: 1,008,695
Technical Sentiment Signal: Strong Buy
Current Market Cap: $4.7B
For an in-depth examination of CRC stock, go to TipRanks’ Overview page.