$50.52
0.58% today
NYSE, Dec 30, 10:10 pm CET
ISIN
US13057Q2066
Symbol
CRC

California Resources Corp Target price 2024 - Analyst rating & recommendation

California Resources Corp Classifications & Recommendation:

Buy
77%
Hold
23%

California Resources Corp Price Target

Target Price $67.08
Price $50.52
Potential
Number of Estimates 12
12 Analysts have issued a price target California Resources Corp 2025 . The average California Resources Corp target price is $67.08. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 13 analysts: 10 Analysts recommend California Resources Corp to buy, 3 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 2.98
13.66% 5.92%
EBITDA Margin 41.41% 33.25%
15.40% 19.71%
Net Margin 24.74% 15.23%
33.49% 38.45%

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

$3.0b
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. This is
12.95% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$3.3b 24.28%
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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
$3.0b 5.92%
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2025
$3.4b 14.04%
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2026
$3.3b 4.13%
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2027
$3.3b 0.39%
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2028
$3.2b 3.00%
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10 Analysts have issued an California Resources Corp EBITDA forecast 2024. The average California Resources Corp EBITDA estimate is

$991m
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. This is
2.21% 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
$906m 10.56%
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.

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

EBITDA Estimates

2023 $1.2b 26.96%
2024
$991m 14.97%
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2025
$1.2b 24.87%
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2026
$1.2b 1.59%
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2027
$1.2b 4.86%
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2028
$1.3b 9.15%
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EBITDA Margin

2023 41.41% 15.40%
2024
33.25% 19.71%
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2025
36.40% 9.47%
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2026
37.37% 2.66%
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2027
35.41% 5.24%
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2028
39.85% 12.54%
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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

$454m
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. This is
20.11% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$490m 13.70%
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, the lowest is
$356m 37.32%
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.

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

Net Profit Estimates

2023 $696m 15.26%
2024
$454m 34.80%
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2025
$398m 12.41%
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2026
$414m 4.07%
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2027
$421m 1.85%
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2028
$406m 3.61%
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Net Margin

2023 24.74% 33.49%
2024
15.23% 38.45%
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2025
11.70% 23.18%
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2026
12.70% 8.55%
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2027
12.89% 1.50%
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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 5.07
15.26% 34.83%
P/E 9.90
EV/Sales 1.87

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

$5.07
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. This is
20.16% 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
$5.48 13.70%
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, the lowest is
$3.98 37.32%
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.

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

Earnings Per Share

2023 $7.78 15.26%
2024
$5.07 34.83%
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2025
$4.44 12.43%
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2026
$4.62 4.05%
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2027
$4.71 1.95%
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2028
$4.54 3.61%
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P/E ratio

Current 7.91 9.18%
2024
9.90 25.16%
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2025
11.30 14.14%
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2026
10.86 3.89%
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2027
10.66 1.84%
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2028
11.06 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 2.11 63.57%
2024
1.87 11.39%
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2025
1.64 12.31%
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2026
1.71 4.31%
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2027
1.70 0.38%
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2028
1.76 3.09%
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P/S ratio

Current 1.74 41.01%
2024
1.54 11.46%
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2025
1.35 12.31%
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2026
1.41 4.31%
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2027
1.40 0.38%
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2028
1.45 3.08%
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