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California Resources Awaits Final Approval for Berry Merger

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California Resources Awaits Final Approval for Berry Merger

Meet Your ETF AI Analyst

The latest update is out from California Resources Corp ( (CRC) ).

The required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired on November 10, 2025, for the pending merger where Berry Corporation will become a wholly-owned subsidiary of California Resources Corporation. The completion of this merger is still subject to customary conditions, including Berry shareholder approval and authorization by the U.S. Federal Energy Regulatory Commission, which could impact the company’s operations and market positioning.

The most recent analyst rating on (CRC) stock is a Buy with a $68.00 price target. To see the full list of analyst forecasts on California Resources Corp stock, see the CRC Stock Forecast page.

Spark’s Take on CRC Stock

According to Spark, TipRanks’ AI Analyst, CRC is a Outperform.

California Resources Corp’s overall stock score is driven by strong financial performance and favorable valuation, supported by a positive earnings call highlighting strategic initiatives and operational achievements. However, technical analysis indicates bearish momentum, and recent revenue declines pose a risk to future growth.

To see Spark’s full report on CRC stock, click here.

More about California Resources Corp

Average Trading Volume: 950,833

Technical Sentiment Signal: Hold

Current Market Cap: $3.94B

See more data about CRC stock on TipRanks’ Stock Analysis page.

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