California Resources Corp Announces Merger with Berry Corp

California Resources Corp ( (CRC) ) has issued an announcement.

On September 14, 2025, California Resources Corporation entered into a merger agreement with Berry Corporation, where Berry will merge with a wholly-owned subsidiary of CRC, becoming a direct subsidiary of CRC. The merger involves an exchange of shares and will result in Berry’s shares being converted into CRC’s shares at a specified exchange ratio. The agreement includes various conditions and representations, such as obtaining shareholder approval and regulatory clearances, and outlines termination rights and fees under specific circumstances.

The most recent analyst rating on (CRC) stock is a Buy with a $70.00 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

Average Trading Volume: 970,819

Technical Sentiment Signal: Strong Buy

Current Market Cap: $4.71B

Find detailed analytics on CRC stock on TipRanks’ Stock Analysis page.