From Financial Modeling Prep: 2025-05-07 18:00:00

Roth Capital reaffirms “Buy” rating for NYSE:CRC, raises price target from $46 to $48. Q1 CFPS of $2.76 beats estimates, with 2025 and 2026 CFPS forecasts up 14% and 10%, signaling strong financial outlook for California Resources Corporation.

California Resources Corporation (NYSE:CRC) is a key player in energy, focusing on oil, gas, electricity, and carbon capture. Roth Capital reiterates “Buy” rating for CRC at $38.50 stock price, raising target to $48. Improved production and lower costs drive Q1 CFPS of $2.76, exceeding estimates by 11%.

Roth Capital’s positive outlook on CRC is backed by strong financial performance. Q1 CFPS of $2.76 surpasses estimates by 11%, driven by production improvements and cost reductions. 2025 CFPS forecast raised by 14%, 2026 by 10%, pointing to continued growth and profitability for California Resources Corporation.



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