The stock screens attractively valued at 12.7 times forward earnings with a price-to-growth ratio of 0.27 and roughly 27% upside to analyst targets, but two consecutive recent earnings misses, a business quality score below the minimum acceptable floor, and operations concentrated entirely within California carrying two elevated risk flags offset the valuation discount and keep the near-term fundamental picture fragile despite a favorable risk/reward geometry.
Thesis pillars
- Geographic Concentration Risk↓Deteriorating
- Attractive Valuation With Upside↑Improving
- Recent Earnings Deterioration↑Improving
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Mar 2, 2026· older than 90 days
California Resources Corporatio (CRC) Stock Analysis
Energy · Oil & Gas E&P
Hold if already holding. Not a fresh buy at $51.38, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: California; Concentration risk — Geographic: California markets.
California Resources Corporation operates as an independent energy and carbon management company in the United States. The company operates in two segments, Oil and Natural Gas, and Carbon Management. It explores, develops, and produces crude oil, oil condensate, natural gas... Read more
Hold if already holding. Not a fresh buy at $51.38, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: California; Concentration risk — Geographic: California markets. Chart setup: No clear chart pattern; technical signals are mixed. Mixed signals. Hold existing position. Score 6.3/10, moderate confidence.
Passes 6/8 gates (favorable risk/reward ratio, clean insider activity, news events none recent, earnings proximity 117d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. Suitability: aggressive.
Recent developments
updated Nov 2, 2026Recent Developments — California Resources Corporatio
Latest news
- NEWS California Resources Corp Reports Q3 Loss of $315 Million and Re - GuruFocus — GuruFocus Nov 2, 2026 negative
- NEWS Earnings to watch: California Resources (CRC) reports Q3 results tomorrow - TradingView — TradingView Nov 1, 2026 neutral
- NEWS Study reveals distinct gene expression profiles in early onset CRC - BioWorld News — BioWorld News Oct 29, 2026 neutral
- NEWS “This is Long Overdue:” An Attendee Perspective from CRC 2026 - Breakthrough T1D — Breakthrough T1D Oct 29, 2026 positive
- NEWS Earnings Preview Might Change The Case For Investing In California Resources Stock - Simply Wall Street — Simply Wall Street Oct 28, 2026 neutral
Latest item Nov 2, 2026 · Generated 2026-11-04T11:34:30Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHGeographicCalifornia10-K Item 1A: 'Our producing properties are located primarily in California, making us vulnerable to risks associated with having operations concentrated in this geographic area'
- HIGHGeographicCalifornia markets10-K Item 1A: 'We sell nearly all of our crude oil production into California markets'
Material Events(8-K, last 90d)
- 2026-03-16Item 5.02LOWMichael Helm appointed VP-Finance and Controller, serving as principal accounting officer, effective March 16, 2026. Previously Berry Corporation Chief Accounting Officer and CFO (2023-2025). No reason cited for predecessor's departure.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker·1 ceiling hit
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $51.38, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: California; Concentration risk — Geographic: California markets. Chart setup: No clear chart pattern; technical signals are mixed. Mixed signals. Hold existing position. Analyst target $65.54 (+27.6%), stop $48.02 (−7.0%), A.R:R 4.2:1. Score 6.3/10, moderate confidence.
Analyst target: $65.54 (+27.6% upside). Analyst target $65.54 (+27.6%), stop $48.02 (−7.0%), A.R:R 4.2:1. Stop-loss: $48.02.
Concentration risk — Geographic: California; Concentration risk — Geographic: California markets; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.6).
California Resources Corporatio trades at a P/E of N/A (forward 13.4). TrendMatrix value score: 8.5/10. Verdict: Hold.
18 analysts rate CRC, with a consensus score of 4.2/5. 12 analysts publish price targets averaging $75.
What does California Resources Corporatio do?California Resources Corporation operates as an independent energy and carbon management company in the United States....
California Resources Corporation operates as an independent energy and carbon management company in the United States. The company operates in two segments, Oil and Natural Gas, and Carbon Management. It explores, develops, and produces crude oil, oil condensate, natural gas liquids and natural gas to california refineries, marketers, and other purchasers. The company also provides Carbon TerraVault which builds, installs, operates, and maintains CO2 capture equipment, transportation assets, and storage facilities. In addition, it owns and operates power generation facilities, as well as smaller gas-fired power plants used to generate power for oil and natural gas operations. The company was incorporated in 2014 and is based in Long Beach, California.