KeyBanc analyst Leo Mariani maintained a Buy rating on California Resources (NYSE:CRC) Corp on Tuesday, setting a price target of $48, which is approximately 12.76% above the present share price of $42.57.
Mariani expects California Resources Corp to post earnings per share (EPS) of $0.00 for the fourth quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in California Resources Corp, with an average price target of $54.
The analysts price targets range from a high of $60 to a low of $48.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $569 million and a net profit of $175 million. The company's market cap is $3.49 billion.
According to TipRanks.com, KeyBanc analyst Leo Mariani is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 30.0% and a 61.36% success rate.
California Resources produces oil and natural gas in California. At the end of 2018, the company reported net proved reserves of 618 million barrels of oil equivalent. Net production averaged 132 thousand barrels of oil equivalent per day in 2018 at a ratio of 75% oil and natural gas liquids and 25% natural gas.