$56.57
3.15% yesterday
NYSE, Nov 15, 10:00 pm CET
ISIN
US13057Q2066
Symbol
CRC

California Resources Corp Target price 2024 - Analyst rating & recommendation

California Resources Corp Classifications & Recommendation:

Buy
83%
Hold
17%

California Resources Corp Price Target

Target Price $64.09
Price $56.57
Potential
Number of Estimates 11
11 Analysts have issued a price target California Resources Corp 2025 . The average California Resources Corp target price is $64.09. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 12 analysts: 10 Analysts recommend California Resources Corp to buy, 2 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the California Resources Corp stock has an average upside potential 2025 of . Most analysts recommend the California Resources Corp stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 2.81 2.83
13.66% 0.58%
EBITDA Margin 41.41% 34.72%
15.40% 16.17%
Net Margin 24.74% 13.39%
33.49% 45.88%

8 Analysts have issued a sales forecast California Resources Corp 2024 . The average California Resources Corp sales estimate is

$2.8b
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. This is
7.25% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$3.0b 15.22%
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, the lowest is
$2.5b 5.04%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $2.8b 13.66%
2024
$2.8b 0.58%
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2025
$3.4b 20.26%
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2026
$3.3b 3.94%
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2027
$3.3b 0.04%
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2028
$3.2b 3.00%
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9 Analysts have issued an California Resources Corp EBITDA forecast 2024. The average California Resources Corp EBITDA estimate is

$982m
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. This is
3.02% lower
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$1.1b 5.13%
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, the lowest is
$901m 11.06%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $1.2b 26.96%
2024
$982m 15.67%
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2025
$1.3b 29.98%
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2026
$1.2b 2.66%
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2027
$1.2b 4.00%
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2028
$1.2b 1.98%
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EBITDA Margin

2023 41.41% 15.40%
2024
34.72% 16.17%
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2025
37.53% 8.09%
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2026
38.03% 1.33%
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2027
36.49% 4.05%
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2028
38.37% 5.15%
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7 California Resources Corp Analysts have issued a net profit forecast 2024. The average California Resources Corp net profit estimate is

$379m
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. This is
33.30% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$475m 16.38%
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, the lowest is
$0.0 100.00%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $696m 15.26%
2024
$379m 45.56%
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2025
$356m 6.15%
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2026
$418m 17.56%
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2027
$421m 0.79%
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2028
$406m 3.61%
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Net Margin

2023 24.74% 33.49%
2024
13.39% 45.88%
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2025
10.45% 21.96%
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2026
12.79% 22.39%
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2027
12.89% 0.78%
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2028
12.80% 0.70%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 7.78 4.24
15.26% 45.50%
P/E 13.36
EV/Sales 2.18

7 Analysts have issued a California Resources Corp forecast for earnings per share. The average California Resources Corp <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$4.24
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. This is
33.23% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$5.31 16.38%
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, the lowest is
$0.00 100.00%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $7.78 15.26%
2024
$4.24 45.50%
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2025
$3.98 6.13%
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2026
$4.67 17.34%
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2027
$4.71 0.86%
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2028
$4.54 3.61%
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P/E ratio

Current 8.91 10.27%
2024
13.36 49.94%
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2025
14.23 6.51%
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2026
12.11 14.90%
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2027
12.01 0.83%
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2028
12.46 3.75%
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Based on analysts' sales estimates for 2024, the California Resources Corp stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 2.34 95.00%
2024
2.18 6.82%
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2025
1.81 16.85%
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2026
1.89 4.09%
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2027
1.89 0.04%
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2028
1.94 3.09%
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P/S ratio

Current 1.97 72.00%
2024
1.83 6.76%
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2025
1.52 16.85%
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2026
1.59 4.09%
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2027
1.59 0.04%
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2028
1.64 3.09%
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