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 is a good buy right now due to its strong recent performance, including a 32.6% year-over-year revenue increase to $1.297 billion and a significant Q2 net profit of $514 million, translating to an EPS of $5.76. The stock's forward P/E ratio of 11.919 suggests it is undervalued compared to its earnings potential. However, a key risk is the net margin contraction to 47.07% in Q2 2026, which could impact future profitability.

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