Barclays raised the firm’s price target on California Resources (CRC) to $50 from $47 and keeps an Equal Weight rating on the shares. The company repotted a strong Q1 beat and its 2025 cash flow guide is unchanged despite lower oil prices on lower costs and higher power earnings, the analyst tells investors in a research note.
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Read More on CRC:
- California Resources Corp Shines in Earnings Call
- California Resources price target raised to $51 from $49 at UBS
- California Resources Corp Reports Strong Q1 2025 Results
- California Resources price target raised to $48 from $46 at Roth Capital
- California Resources price target lowered to $60 from $75 at Truist
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