California Resources Corp (CRC) Stock AnalysisCRCCalifornia Resources Corp

California Resources Corporation is an independent energy and carbon management company committed to energy transition. The Company’s segments include Oil and Natural Gas and Carbon Management. Its Carbon Management business, Carbon TerraVault, focuses on building, installing, operating, and maintaining carbon dioxide equipment, transportation assets and storage facilities. The Oil and Natural Gas segment explores for, develops and produces crude oil, oil condensate, natural gas liquids and natural gas. It has operations in oil and gas basins, including San Joaquin Basin, Los Angeles Basin, Sacramento Basin, and other. It has interests in oil and gas fields throughout the San Joaquin basin, including in Elk Hills, Buena Vista, Coles Levee, North Belridge and South Belridge, Kern Front, Lost Hills, Cymric, McKittrick, Midway Sunset and Coalinga. The Los Angeles Basin is a northwest-trending plain about 50 miles long and 20 miles wide. The Company is also focused on Uinta basin. It operates in the Energy sector (CRUDE PETROLEUM & NATURAL GAS industry).

California Resources Corp (CRC) is a good buy right now due to its recent strong performance, with a significant Q2 net profit of $514 million and an EPS of $5.76, which is a substantial increase from last year's figures. The forward P/E ratio of 11.919 suggests it is undervalued compared to its peers, and the RSI of 56.702 indicates it is not overbought. However, the main risk is the recent net income drop in Q1 2026 to -711 million, which could impact investor sentiment.

8 analysts cover CRC: 2 rate it Buy, 4 Hold and 2 Sell. The average price target is 64.33.