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California Resources Corp to Repurchase 4.95M Shares

Story Highlights
  • California Resources Corp will repurchase 4,950,000 shares from IKAV for $227,700,000.
  • The repurchase will end lock-up restrictions on IKAV, increasing stock transaction flexibility.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
California Resources Corp to Repurchase 4.95M Shares

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California Resources Corp ( (CRC) ) has provided an update.

On June 23, 2025, California Resources Corp agreed to repurchase 4,950,000 shares of its Common Stock from IKAV at $46.00 per share, totaling $227,700,000. This transaction is part of the company’s $1.35 billion Share Repurchase Program and will be funded by cash on hand and operational cash flows. The settlement is expected on June 25, 2025, and will result in the cessation of lock-up restrictions on IKAV and its affiliates, enhancing the company’s flexibility in stock transactions.

The most recent analyst rating on (CRC) stock is a Buy with a $64.00 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.

CRC’s overall stock score reflects a strong earnings call performance and attractive valuation, which are the primary drivers. Financial performance is solid but impacted by revenue and cash flow volatility. Technical analysis indicates moderate positive momentum, while corporate events support strategic growth efforts.

To see Spark’s full report on CRC stock, click here.

More about California Resources Corp

Average Trading Volume: 882,047

Technical Sentiment Signal: Buy

Current Market Cap: $4.16B

See more insights into CRC stock on TipRanks’ Stock Analysis page.

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