Ultime notizie per California Resources (NYSE:CRC) Azioni

California Resources

California Resources Corp is an independent oil and natural gas exploration and production company operating properties exclusively within California. It provides affordable and reliable energy in a safe and responsible manner, to support and enhance the quality of life of Californians and the local communities in which the company operates. It has some of the lowest carbon intensity production in the United States and is focused on maximizing the value of its land, mineral, and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects.

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Citigroup analyst Scott Gruber downgrades California Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRC#NYSE">CRC</a>) from Buy to Neutral and lowers the price target from $62 to $36.

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Analyst Ratings

Citigroup Downgrades California Resources to Neutral, Lowers Price Target to $36

Across the recent three months, 4 analysts have shared their insights on California Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRC#NYSE">CRC</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $67.0, a high estimate of $75.00, and a low estimate of $55.00. Marking an increase of 3.08%, the current average surpasses the previous average price target of $65.00. 
<img src="https://www.benzinga.com/files/images/story/2025/1743098438_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of California Resources among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$68.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Betty Jiang</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$55.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Announces</td>
<td>Buy</td>
<td>$75.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to California Resources. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of California Resources compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of California Resources's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of California Resources's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CRC/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on California Resources analyst ratings.</a>
<h2>Get to Know California Resources Better</h2>
California Resources Corp is an independent oil and natural gas exploration and production company operating properties exclusively within California. It provides affordable and reliable energy in a safe and responsible manner, to support and enhance the quality of life of Californians and the local communities in which the company operates. It has some of the lowest carbon intensity production in the United States and is focused on maximizing the value of its land, mineral, and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects.
<h3>California Resources's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Positive Revenue Trend: Examining California Resources's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 55.03% as of 31 December, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.
Net Margin: California Resources's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 3.57%, the company may face hurdles in effective cost management.
Return on Equity (ROE): California Resources's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 0.94%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): California Resources's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.46%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: California Resources's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.35.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 4 Analyst Ratings Have To Say About California Resources

RBC Capital analyst Scott Hanold reiterates California Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRC#NYSE">CRC</a>) with a Outperform and maintains $68 price target.

Reiteration

RBC Capital Reiterates Outperform on California Resources, Maintains $68 Price Target

J.P. Morgan analyst Alejandra Magana maintained a Neutral rating on California Resources Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRC#NYSE">CRC</a>) with <a target="_blank" href="https://www.benzinga.com/quote/crc/analyst-ratings" rel="noreferrer noopener">a price forecast of $63</a>.
Earlier in March, California Resources reported fourth-quarter 2024 adjusted EPS of $0.91, missing the $0.97 estimate and revenue of $877 million, <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/g44075897/california-resources-reports-fourth-quarter-and-full-year-2024-financial-and-operating-results" rel="noreferrer noopener">falling short of the $897.75 million expectation</a>.
The analyst notes that the company delivered a strong fourth quarter, with EBITDA beating estimates, solid operations, and continued momentum in CCS volume agreements.
Magana writes that the company faces challenges maintaining output due to strict California regulations.
While the Aera acquisition bolstered the business, concerns remain about its oil exposure amid potential oversupply in 2025, adds the analyst.
The analyst says that the company's permit inventory rebuild is stalled as CalGEM revises well procedures, and a new bill may allow local governments to impose further restrictions.
Magana says the company is also exploring clean power, aiming to connect Elk Hills to a CCS vault.
While CRC has unique CCS and power opportunities, regulatory uncertainty and ongoing permitting challenges keep the analyst cautious.
Investors can gain exposure to the stock via Invesco S&amp;P SmallCap Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSCE#NASDAQ">PSCE</a>) and Innovator U.S. Small Cap Managed Floor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RFLR#NYSE">RFLR</a>).
Price Action: CRC shares are up 2.59% at $43.14 at the last check Friday.
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Image via Shutterstock.

Analyst Color

Equities

Mid Cap

PSCE

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RFLR

California Resources Faces Permit Challenges And Oversupply Risks—Analyst Sees Growth, But Stay Cautious

California Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRC#NYSE">CRC</a>) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $65.75, a high estimate of $75.00, and a low estimate of $55.00. This upward trend is apparent, with the current average reflecting a 3.54% increase from the previous average price target of $63.50.
<img src="https://www.benzinga.com/files/images/story/2025/1741183215_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of California Resources among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Betty Jiang</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$55.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Announces</td>
<td>Buy</td>
<td>$75.00</td>
<td>-</td>
</tr>
<tr>
<td>Alejandra Magana</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Neutral</td>
<td>$63.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to California Resources. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of California Resources compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of California Resources's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of California Resources's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CRC/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on California Resources analyst ratings.</a>
<h2>All You Need to Know About California Resources</h2>
California Resources Corp is an independent oil and natural gas exploration and production company operating properties exclusively within California. It provides affordable and reliable energy in a safe and responsible manner, to support and enhance the quality of life of Californians and the local communities in which the company operates. It has some of the lowest carbon intensity production in the United States and is focused on maximizing the value of its land, mineral, and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects.
<h3>California Resources: Delving into Financials</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Positive Revenue Trend: Examining California Resources's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 55.03% as of 31 December, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Energy sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 3.57%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): California Resources's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 0.94%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.46%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: California Resources's debt-to-equity ratio is below the industry average at 0.35, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: What Are They?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Where California Resources Stands With Analysts

Barclays analyst Betty Jiang maintains California Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRC#NYSE">CRC</a>) with a Equal-Weight and lowers the price target from $57 to $55.

Barclays Maintains Equal-Weight on California Resources, Lowers Price Target to $55

WIIM

California Resources shares are trading lower after the company reported worse-than-expected Q4 financial results.

Earnings Misses

California Resources Q4 2024 Adj. EPS $0.91 Misses $0.97 Estimate, Sales $877.000M Miss $897.746M Estimate

Contracts

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U.S. stock futures rose on Monday following Friday&#8217;s advances. Futures of all fourth benchmark indices rose in premarket trading.
Investor anxiety over tariffs loomed as the March 4 deadline for tariff imposition on Mexico and Canada neared. U.S. Commerce Secretary Howard Lutnick <a href="https://www.foxnews.com/video/6369522376112">told</a> Fox News on Sunday that President Donald Trump would decide if the government will stick to its plan to levy 25%. 
Also, China will be charged an additional 10% tariff on Tuesday, as highlighted by Trump in his Truth Social post. Furthermore, reports suggested that Mexico may agree to raise tariffs on Chinese goods to avoid the duties threatened by Trump.
Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>), Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), Crowdstrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) and Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) will report earnings this week.
Treasury yields slipped on Monday. The 10-year Treasury yield stood at 4.25%, while the two-year yield was at 4.03%. According to the CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>, there is a 95% chance that the Federal Reserve will keep interest rates unchanged for the March meeting.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.35%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.21%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.12%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.62%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Monday. SPY was up 0.26% to $595.74, and QQQ advanced 0.44% to $510.34, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
Information technology, financial, and consumer discretionary sectors led the charge as U.S. stocks <a href="https://www.benzinga.com/news/earnings/25/03/44069254/nasdaq-jumps-300-points-as-nvidia-tesla-stocks-surge-investor-sentiment-improves-but-greed-index-remains-in-extreme-fear-zone">closed higher</a> on Friday. Ultimately, all sectors within the S&amp;P 500 finished the day with gains. 
The tech sector, in particular, rebounded strongly from Thursday&#8217;s losses, with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) surging 4% and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) climbing 3.9%.
Further bolstering investor sentiment was the release of PCE data, which showed the price index declining for the first time in four months. This data reinforced expectations, as indicated by the CME FedWatch tool, for approximately two quarter-point cuts to the Fed funds rate in 2025 after June.
The Dow Jones closed 601 points or 1.39% higher at 43,840.91 on Friday. The S&amp;P 500 rose 1.59% to 5,954.50, while the Nasdaq Composite jumped 1.63% to 18,847.28. The small-cap gauge Russell 200 advanced 1.09% to 2,163.07.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>1.63%</td>
<td>18,847.28</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>1.59%</td>
<td>5,954.50</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>1.39%</td>
<td>43,840.91 </td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.09%</td>
<td>2,163.07</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
Ahead of the first trading day in the new month of March, Ryan Detrick, the chief market strategist at Carson Research, highlighted that this is &#8220;a solid month overall&#8221; but the bulls start to show up only after mid-month.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">March is a solid month overall, but it is the Ides of March when the&#x1f402;s tend to show up. <a href="https://t.co/DKOJ71mvE4">pic.twitter.com/DKOJ71mvE4</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1896337769275994394?ref_src=twsrc%5Etfw">March 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Mapping the historical data 1950 onwards, Detrick added that March, April, and May are usually solid months in post-election years.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">March/April/May tend to be solid months in a post-election years. The weak February played out, time for better times? I think so. <a href="https://t.co/ckQ9WdIyP2">pic.twitter.com/ckQ9WdIyP2</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1896324556543127641?ref_src=twsrc%5Etfw">March 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
He further highlighted that every fifth year or the years ending with &#8216;5,&#8217; tend to be quite strong, except 2015 during which S&amp;P 500 was lower by less than 1%.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Years that end in &quot;5&quot; tend to be quite strong, with only 2015 lower and that was by less than 1%. Some of those other years were very strong (1955, 1975, 1985, and 1995). <a href="https://t.co/PIJVOViUzT">pic.twitter.com/PIJVOViUzT</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1896396679949205683?ref_src=twsrc%5Etfw">March 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Louis Navellier of Navellier &amp; Associates suggests that the S&amp;P 500, currently riding a &#8220;very strong rally,&#8221; is due for a correction towards its rising 200-day moving average, which stood at 5701.50 as of last Friday.
According to Navellier, the index has yet to test this key moving average which did not happen in 2024, making a pullback increasingly likely. He says that the timing of this correction, whether in February or March, hinges on &#8220;multiple policy announcements by the White House,&#8221; which can be triggered by either economic or geopolitical events.
Navellier contends that the White House has been the &#8220;primary driver of volatility in stocks,&#8221; making short-term predictions difficult. He further asserts that this deliberate uncertainty serves the President&#8217;s strategic objectives.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep on this week:
<ul>
<li>On Monday, February&#8217;s S&amp;P final U.S. manufacturing PMI will be released at 9:45 a.m., ET.</li>
</ul>
<ul>
<li>January&#8217;s construction spending data and February&#8217;s ISM manufacturing data will be out by 10:00 a.m., ET.</li>
</ul>
<ul>
<li>St Louis Fed President Alberto Musalem will speak at 12:35 p.m., ET.</li>
</ul>
<ul>
<li>Also, auto sales data for February will be released today, the timing for which is yet to be announced.</li>
</ul>
<ul>
<li>On Tuesday, New York Fed President John Williams will speak at 2:20 p.m. ET, whereas, Richmond Fed President Tom Barkin will speak at an undetermined time.</li>
</ul>
<ul>
<li>On Wednesday, February&#8217;s ADP employment data will be released at 8:15 a.m., ET.</li>
</ul>
<ul>
<li>The S&amp;P final U.S. services PMI for February will be out by 9:45 a.m., ET.</li>
</ul>
<ul>
<li>January&#8217;s factory orders data and February&#8217;s ISM services data will be announced at 10:00 a.m., ET.</li>
</ul>
<ul>
<li>Fed Beige Book will be released at 2:00 p.m., ET.</li>
</ul>
<ul>
<li>On Thursday, initial jobless claims data for the week ended March 1 will be out by 8:30 a.m., ET.</li>
</ul>
<ul>
<li>U.S. productivity data for the fourth quarter and U.S. trade deficit data for January will be released at 8:30 a.m., ET as well.</li>
</ul>
<ul>
<li>January&#8217;s wholesale inventory data will be out by 10:00 a.m., ET.</li>
</ul>
<ul>
<li>Fed Governor Christopher Waller will speak at 3:30 p.m. and Atlanta Fed President Raphael Bostic will speak at 7:00 p.m.</li>
</ul>
<ul>
<li>On Friday, February&#8217;s U.S. jobs report, unemployment rate and hourly wages data will be out by 8:30 a.m., ET.</li>
</ul>
<ul>
<li>Fed Governor Michelle Bowman will speak at 10:15 a.m., New York Fed President John Williams will speak again at 10:45 a.m., Fed Governor Adriana Kugler will speak at 12:20 p.m., and Fed Chairman Jerome Powell will speak at 12:30 p.m., ET.</li>
</ul>
<ul>
<li>January&#8217;s consumer credit data will be announced at 3:00 p.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>California Resources Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRC#NYSE">CRC</a>) declined 3.38% in the premarket on Monday ahead of its earnings, which will be released before the opening bell. Analysts expect it to report earnings of 97 cents per share on revenue of $897.75 million.</li>
</ul>
<ul>
<li>Nomad Foods Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOMD#NYSE">NOMD</a>) advanced 2.65% as Wall Street expects it to report quarterly earnings of 38 cents per share on revenue of $796.56 million before the opening bell.</li>
</ul>
<ul>
<li>MRC Global Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRC#NYSE">MRC</a>) was down 0.90% ahead of its earnings, which will be released after the closing bell. Analysts expect it to report quarterly earnings of 6 cents per share on revenue of $726.90 million.</li>
</ul>
<ul>
<li>Okta Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) rose 1.12% as Wall Street expects it to report quarterly earnings of 74 cents per share on revenue of $669.46 million after the closing bell.</li>
</ul>
<ul>
<li>Middlesex Water Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSEX#NASDAQ">MSEX</a>) was 2.53% higher after posting better-than-expected results for its fourth quarter on Friday.</li>
</ul>
<ul>
<li>Syros Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYRS#NASDAQ">SYRS</a>) dropped 37.85% after it announced that it plans to delist from Nasdaq around March 20, after filing Form 25 with the SEC near March 10, 2025.</li>
</ul>
<ul>
<li>Vincerx Pharma Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINC#NASDAQ">VINC</a>) slumped 24.85% after terminating its reverse merger. It said that it will explore strategic options like out-licensing, M&amp;A, asset sales, wind-down of operations.</li>
</ul>
<ul>
<li>Sharplink Gaming Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) jumped 16.19% after it acquired a 10% stake in CryptoCasino.com for $500,000, with a right of first refusal for controlling interest, aiming to enter the crypto gaming market.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 0.63% to hover around $69.33 per barrel.
The gold spot index was up by 0.37% to $2,869.27 per ounce. Its last record high was at $2,956.37 per ounce. The Dollar Index was down 0.55% at the 107.018 level.
Asian markets were mixed on Monday as India's S&amp;P BSE Sensex, China's CSI 300, and South Korea's Kospi index declined. Whereas, Japan's Nikkei 225, Australia's ASX 200, and Hong Kong's Hang Seng index advanced. European markets were mostly higher in trade.
Read Next:
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<li><a href="https://www.benzinga.com/25/03/44070799/mark-cuban-supports-trumps-new-gold-card-scheme-if-sold-to-corporations-for-employee-citizenship-have-a-look-at-t">Mark Cuban Supports Trump&#8217;s New &#8216;Gold Card&#8217; Scheme If Sold To Corporations For Employee Citizenship: Here&#8217;re The Listed-Companies With Most Number Of Immigrants</a></li>
</ul>
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Futures

Treasuries

Economics

ETFs

General

AVGO

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SBET

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VINC

US Stocks Likely To Open Higher As Wall Street Watches Trump Tariff Talks: 'March, April, May Tend To Be Solid Months In Post-Election Years,' Says Expert

<h3>Companies Reporting Before The Bell</h3>
• Sphere Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPHR#NYSE">SPHR</a>) is expected to report earnings for its second quarter. 
• TG Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGTX#NASDAQ">TGTX</a>) is expected to report quarterly earnings at $0.08 per share on revenue of $99.36 million. 
• Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) is estimated to report quarterly loss at $0.19 per share on revenue of $274.06 million. 
• Burford Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUR#NYSE">BUR</a>) is projected to report quarterly earnings at $0.59 per share on revenue of $216.00 million. 
• Avadel Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVDL#NASDAQ">AVDL</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $52.70 million. 
• Mersana Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRSN#NASDAQ">MRSN</a>) is projected to report quarterly loss at $0.16 per share on revenue of $7.64 million. 
• AG Mortgage IT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MITT#NYSE">MITT</a>) is estimated to report quarterly earnings at $0.20 per share on revenue of $17.01 million. 
• Syndax Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDX#NASDAQ">SNDX</a>) is likely to report quarterly loss at $1.07 per share on revenue of $21.98 million. 
• Nomad Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOMD#NYSE">NOMD</a>) is estimated to report quarterly earnings at $0.38 per share on revenue of $796.56 million. 
• Ocular Therapeutix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCUL#NASDAQ">OCUL</a>) is projected to report quarterly loss at $0.22 per share on revenue of $16.89 million. 
• BioLife Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLFS#NASDAQ">BLFS</a>) is expected to report quarterly loss at $0.03 per share on revenue of $22.77 million. 
• Surgery Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGRY#NASDAQ">SGRY</a>) is projected to report quarterly earnings at $0.49 per share on revenue of $828.01 million. 
• N-able (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NABL#NYSE">NABL</a>) is projected to report quarterly earnings at $0.08 per share on revenue of $113.77 million. 
• Ready Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RC#NYSE">RC</a>) is estimated to report quarterly earnings at $0.26 per share on revenue of $55.44 million. 
• Hut 8 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) is likely to report quarterly loss at $0.35 per share on revenue of $25.62 million. 
• Stereotaxis (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/STXS#AMEX">STXS</a>) is expected to report quarterly loss at $0.06 per share on revenue of $6.42 million. 
• Sunnova Energy Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) is likely to report quarterly loss at $0.67 per share on revenue of $234.99 million. 
• GEO Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>) is likely to report earnings for its fourth quarter. 
• Fortrea Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTRE#NASDAQ">FTRE</a>) is likely to report quarterly earnings at $0.37 per share on revenue of $703.90 million. 
• California Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRC#NYSE">CRC</a>) is expected to report quarterly earnings at $1.02 per share on revenue of $904.91 million. 
<h3>Companies Reporting After The Bell</h3>
• NuScale Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) is estimated to report quarterly loss at $0.12 per share on revenue of $1.07 million. 
• B. Riley Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RILY#NASDAQ">RILY</a>) is likely to report earnings for its fourth quarter. 
• ADMA Biologics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADMA#NASDAQ">ADMA</a>) is projected to report quarterly earnings at $0.16 per share on revenue of $113.40 million. 
• Ekso Bionics Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EKSO#NASDAQ">EKSO</a>) is expected to report quarterly loss at $0.08 per share on revenue of $5.30 million. 
• GigaCloud Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCT#NASDAQ">GCT</a>) is projected to report quarterly earnings at $0.88 per share on revenue of $288.33 million. 
• Smart Sand (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SND#NASDAQ">SND</a>) is likely to report quarterly earnings at $0.09 per share on revenue of $65.90 million. 
• OFS Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OFS#NASDAQ">OFS</a>) is estimated to report quarterly earnings at $0.23 per share on revenue of $10.30 million. 
• Fractyl Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GUTS#NASDAQ">GUTS</a>) is likely to report earnings for its fourth quarter. 
• Crawford &amp; Company Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) is estimated to report quarterly earnings at $0.23 per share on revenue of $334.82 million. 
• MRC Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRC#NYSE">MRC</a>) is projected to report quarterly earnings at $0.08 per share on revenue of $726.90 million. 
• W&amp;T Offshore (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTI#NYSE">WTI</a>) is expected to report quarterly loss at $0.25 per share on revenue of $130.04 million. 
• Dave (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAVE#NASDAQ">DAVE</a>) is estimated to report quarterly earnings at $1.08 per share on revenue of $95.23 million. 
• AST SpaceMobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) is expected to report quarterly loss at $0.15 per share on revenue of $1.88 million. 
• Ranger Energy Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNGR#NYSE">RNGR</a>) is projected to report quarterly earnings at $0.18 per share on revenue of $142.60 million. 
• James River Gr Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JRVR#NASDAQ">JRVR</a>) is projected to report quarterly loss at $0.46 per share on revenue of $159.91 million. 
• Emergent BioSolutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBS#NYSE">EBS</a>) is likely to report quarterly loss at $0.08 per share on revenue of $270.50 million. 
• Repay Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPAY#NASDAQ">RPAY</a>) is expected to report quarterly earnings at $0.25 per share on revenue of $82.56 million. 
• Viant Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSP#NASDAQ">DSP</a>) is expected to report quarterly earnings at $0.21 per share on revenue of $83.91 million. 
• GitLab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) is expected to report quarterly earnings at $0.23 per share on revenue of $206.48 million. 
• Crawford &amp; Company Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) is projected to report quarterly earnings at $0.24 per share on revenue of $334.82 million. 
• Biodesix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BDSX#NASDAQ">BDSX</a>) is expected to report quarterly loss at $0.06 per share on revenue of $19.83 million. 
• Intrepid Potash (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPI#NYSE">IPI</a>) is likely to report quarterly loss at $0.05 per share on revenue of $53.44 million. 
• Senseonics Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SENS#AMEX">SENS</a>) is projected to report quarterly loss at $0.03 per share on revenue of $7.79 million. 
• Quantum-Si (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QSI#NASDAQ">QSI</a>) is estimated to report quarterly loss at $0.19 per share on revenue of $1.29 million. 
• NCR Atleos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NATL#NYSE">NATL</a>) is estimated to report quarterly earnings at $1.02 per share on revenue of $1.10 billion. 
• Heidrick &amp; Struggles Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSII#NASDAQ">HSII</a>) is expected to report quarterly earnings at $0.63 per share on revenue of $263.33 million. 
• Concentra Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CON#NYSE">CON</a>) is likely to report quarterly earnings at $0.17 per share on revenue of $463.65 million. 
• ThredUp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDUP#NASDAQ">TDUP</a>) is estimated to report quarterly loss at $0.13 per share on revenue of $70.65 million. 
• Okta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) is expected to report quarterly earnings at $0.74 per share on revenue of $669.10 million. 
• Kayne Anderson BDC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBDC#NYSE">KBDC</a>) is estimated to report earnings for its fourth quarter. 
• BRC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRCC#NYSE">BRCC</a>) is expected to report quarterly loss at $0.05 per share on revenue of $106.20 million. 
• Whitestone REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSR#NYSE">WSR</a>) is expected to report quarterly earnings at $0.26 per share on revenue of $38.39 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For March 3, 2025

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Extreme Fear&#8221; zone on Friday.
U.S. stocks settled higher on Friday, with the Dow Jones index jumping more than 600 points during the session.
The tech sector bounced back from Thursday&#8217;s losses with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) up 4% and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rising 3.9% on Friday.
PCE data released also provided some relief to investors as the price index marked its first decline in four months. Data from the CME FedWatch Tool shows the data reinforced bets for approximately two quarter-point cuts to the Fed funds rate in 2025.
All sectors on the S&amp;P 500 closed on a positive note, with information technology, financial and consumer discretionary stocks recording the biggest gains on Friday.
The Dow Jones closed higher by around 601 points to 43,840.91 on Friday. The S&amp;P 500 rose 1.59% to 5,954.50, while the Nasdaq Composite gained 1.63% at 18,847.28 during Friday's session.
Investors are awaiting earnings results from California Resources Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRC#NYSE">CRC</a>), Nomad Foods Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOMD#NYSE">NOMD</a>) and Okta Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 19.7, the index remained in the &#8220;Extreme Fear&#8221; zone on Friday, versus a prior reading of 18.7.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/02/44054266/top-2-tech-and-telecom-stocks-that-may-implode-in-q1">Top 2 Tech And Telecom Stocks That May Implode In Q1</a></li>
</ul>
Photo courtesy: Shutterstock

Nasdaq Jumps 300 Points As Nvidia, Tesla Stocks Surge: Investor Sentiment Improves, But Greed Index Remains In 'Extreme Fear' Zone

With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects California Resources Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRC#NYSE">CRC</a>) to report quarterly earnings at 97 cents per share on revenue of $897.75 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. California Resources shares gained 1.8% to $45.40 in after-hours trading.</li>
<li>Analysts are expecting Nomad Foods Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOMD#NYSE">NOMD</a>) to post quarterly earnings at 38 cents per share on revenue of $796.56 million. The company will release earnings before the markets open. Nomad Foods shares gained 0.4% to $18.98 in after-hours trading.</li>
<li>Middlesex Water Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSEX#NASDAQ">MSEX</a>) posted better-than-expected results for its fourth quarter on Friday. Middlesex Water shares gained 2.3% to $51.30 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>After the markets close, MRC Global Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRC#NYSE">MRC</a>) is projected to post quarterly earnings at 6 cents per share on revenue of $726.90 million. MRC Global shares gained 0.3% to $12.20 in after-hours trading.</li>
<li>Analysts expect Okta Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) to post quarterly earnings at 74 cents per share on revenue of $669.46 million after the closing bell. Okta shares gained 0.2% to $90.71 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/25/02/44054266/top-2-tech-and-telecom-stocks-that-may-implode-in-q1">Top 2 Tech And Telecom Stocks That May Implode In Q1</a></li>
</ul>
Photo courtesy: Shutterstock

California Resources, Okta And 3 Stocks To Watch Heading Into Monday

6 analysts have shared their evaluations of California Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRC#NYSE">CRC</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $69.83, a high estimate of $75.00, and a low estimate of $63.00. Observing a 3.45% increase, the current average has risen from the previous average price target of $67.50. 
<img src="https://www.benzinga.com/files/images/story/2025/1736877612_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A comprehensive examination of how financial experts perceive California Resources is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Announces</td>
<td>Buy</td>
<td>$75.00</td>
<td>-</td>
</tr>
<tr>
<td>Alejandra Magana</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Neutral</td>
<td>$63.00</td>
<td>-</td>
</tr>
<tr>
<td>David Deckelbaum</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$74.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Michael Schwartz</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Buy</td>
<td>$64.00</td>
<td>-</td>
</tr>
<tr>
<td>Mike Scialla</td>
<td>Stephens &amp; Co.</td>
<td>Announces</td>
<td>Overweight</td>
<td>$73.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to California Resources. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of California Resources compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of California Resources's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of California Resources's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CRC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on California Resources analyst ratings.</a>
<h2>About California Resources</h2>
California Resources Corp is an independent oil and natural gas exploration and production company operating properties exclusively within California. It provides affordable and reliable energy in a safe and responsible manner, to support and enhance the quality of life of Californians and the local communities in which the company operates. It has some of the lowest carbon intensity production in the United States and is focused on maximizing the value of its land, mineral, and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects.
<h3>Unraveling the Financial Story of California Resources</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Over the 3 months period, California Resources showcased positive performance, achieving a revenue growth rate of 51.38% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.
Net Margin: California Resources's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 34.85% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): California Resources's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 12.43% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): California Resources's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 5.94%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.35, California Resources adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: What Are They?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse Into The Expert Outlook On California Resources Through 6 Analysts

RBC Capital analyst Scott Hanold reiterates California Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRC#NYSE">CRC</a>) with a Outperform and maintains $70 price target.

RBC Capital Reiterates Outperform on California Resources, Maintains $70 Price Target

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>BMO Capital analyst Charlie Lederer initiated coverage on AXIS Capital Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) with a Market Perform rating and announced a price target of $93. Axis Capital shares closed at $85.54 on Friday. S<a href="https://www.benzinga.com/quote/AXS/analyst-ratings">ee how other analysts view this stock.</a></li>
<li>D. Boral Capital analyst Jason Kolbert initiated coverage on Checkpoint Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CKPT#NASDAQ">CKPT</a>) with a Buy rating and announced a price target of $9. Checkpoint Therapeutics shares closed at $3.16 on Friday. <a href="https://www.benzinga.com/quote/CKPT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities analyst Neal Dingmann initiated coverage on California Resources Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRC#NYSE">CRC</a>) with a Buy rating and announced a price target of $75. California Resources shares closed at $52.73 on Friday. <a href="https://www.benzinga.com/quote/CRC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital analyst James Thalacker initiated coverage on PG&amp;E Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) with an Outperform rating and announced a price target of $21. PG&amp;E shares closed at $17.17 on Friday. S<a href="https://www.benzinga.com/quote/PCG/analyst-ratings">ee how other analysts view this stoc</a>k.</li>
<li>Cantor Fitzgerald analyst Matthew Prisco initiated coverage on Onto Innovation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONTO#NYSE">ONTO</a>) with an Overweight rating and announced a price target of $250. Onto Innovation shares closed at $189.61 on Friday. <a href="https://www.benzinga.com/quote/ONTO/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying PCG stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="570" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13092647/image-76-1024x570.png" alt="" class="wp-image-730611" style="width:629px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13092647/image-76-1024x570.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13092647/image-76-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13092647/image-76-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13092647/image-76.png 1132w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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This PG&E Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Monday

Truist Securities analyst Neal Dingmann initiates coverage on California Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRC#NYSE">CRC</a>) with a Buy rating and announces Price Target of $75.

Initiation

Truist Securities Initiates Coverage On California Resources with Buy Rating, Announces Price Target of $75

California Resources Corporation Announced Receipt Of Final Class VI Well Permits From The EPA for Underground Injection And Storage Of CO2 Into The 26R Reservoir

In the preceding three months, 6 analysts have released ratings for California Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRC#NYSE">CRC</a>), presenting a wide array of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for California Resources, revealing an average target of $66.5, a high estimate of $74.00, and a low estimate of $57.00. Surpassing the previous average price target of $60.00, the current average has increased by 10.83%.
<img src="https://www.benzinga.com/files/images/story/2024/1734699624_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The perception of California Resources by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Alejandra Magana</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Neutral</td>
<td>$63.00</td>
<td>-</td>
</tr>
<tr>
<td>David Deckelbaum</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$74.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Michael Schwartz</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Buy</td>
<td>$64.00</td>
<td>-</td>
</tr>
<tr>
<td>Mike Scialla</td>
<td>Stephens &amp; Co.</td>
<td>Announces</td>
<td>Overweight</td>
<td>$73.00</td>
<td>-</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Announces</td>
<td>Buy</td>
<td>$68.00</td>
<td>-</td>
</tr>
<tr>
<td>Betty Jiang</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$57.00</td>
<td>$55.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to California Resources. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of California Resources compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for California Resources's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into California Resources's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CRC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on California Resources analyst ratings.</a>
<h2>Unveiling the Story Behind California Resources</h2>
California Resources Corp is an independent oil and natural gas exploration and production company operating properties exclusively within California. It provides affordable and reliable energy in a safe and responsible manner, to support and enhance the quality of life of Californians and the local communities in which the company operates. It has some of the lowest carbon intensity production in the United States and is focused on maximizing the value of its land, mineral, and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects.
<h3>California Resources: A Financial Overview</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, California Resources showcased positive performance, achieving a revenue growth rate of 51.38% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Energy sector.
Net Margin: California Resources's net margin is impressive, surpassing industry averages. With a net margin of 34.85%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): California Resources's ROE excels beyond industry benchmarks, reaching 12.43%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): California Resources's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 5.94%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.35.
<h2>The Significance of Analyst Ratings Explained</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 6 Analysts Discuss California Resources Stock

JP Morgan analyst Alejandra Magana initiates coverage on California Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRC#NYSE">CRC</a>) with a Neutral rating and announces Price Target of $63.

JP Morgan Initiates Coverage On California Resources with Neutral Rating, Announces Price Target of $63

Press Releases

CRC's Carbon TerraVault Receives EPA Permits for CO2 Injection and Storage in California

CRC Approves California's First Carbon Capture and Storage Project

California Resources Corporation Schedules Fourth Quarter and Full Year 2024 Earnings Conference Call

California Resources Corporation Announces $100,000 Donation to Southern California Wildfire Relief and Recovery Efforts

Legal

CRC SHAREHOLDER ALERT: Andrews & Springer LLC Investigates California Resources Corporation For Potential Breaches of Fiduciary Duty

California Resources Corporation Announces Partial Redemption of 7.125% Senior Notes Due 2026

Carbon TerraVault and National Cement Sign MOU for California's First Net Zero Cement Facility

Carbon TerraVault Provides 2024 Update

California Resources Reports Fourth Quarter and Full Year 2024 Financial and Operating Results

California Resources Corporation Schedules First Quarter 2025 Earnings Conference Call

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