$ 56.33
Key Takeaways
Risk factor
Low default risk
Profitability factor
Very strong margins and returns
About
California Resources Corporation operates as an independent oil and natural gas company. The company explores for, produces, gathers, processes, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. As of December 31, 2021, it had interests in approximately 1.9...
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. In particular, the stock is reasonably priced on P/E, 'cheap' on EV/EBITDA
Target Price
The average target price of CRC is 60 and suggests 6% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommendation sugg
