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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.