Roth Capital analyst Leo Mariani raised the firm’s price target on California Resources (CRC) to $65 from $54 and keeps a Buy rating on the shares. The firm is positive on the stock due to its reasonable balance sheet, solid returns of capital to shareholders, material upside potential from its carbon capture business, and potential for data centers on its land, the analyst tells investors in a research note.
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Read More on CRC:
- California Resources price target raised to $67 from $65 at Barclays
- California Resources: Strong Free Cash Flow, Capital-Efficient Growth, and Robust Return-of-Capital Support Buy Rating
- California Resources price target raised to $65 from $54 at Roth Capital
- California Resources’ Carbon TerraVault provides operational update
- California Resources sees FY26 production 152-157 MBoe/d