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California Resources Corp ( (CRC) ) has provided an update.
On September 24, 2025, California Resources Corporation announced the pricing of a private offering of $400 million in senior unsecured notes due 2034, with an interest rate of 7.000%. The proceeds from this offering, expected to be approximately $394 million, will be used to repay Berry Corporation’s existing debt as part of a pending merger between the two companies. This strategic financial move is anticipated to impact CRC’s operations by supporting the merger, which could enhance its industry positioning and stakeholder value.
The most recent analyst rating on (CRC) stock is a Buy with a $66.00 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 strong financial performance, undervaluation, and positive earnings call sentiment contribute significantly to its high score. Technical indicators support a stable outlook, while the company’s strategic advancements and shareholder returns further enhance its position.
To see Spark’s full report on CRC stock, click here.
More about California Resources Corp
California Resources Corporation (CRC) is an independent energy and carbon management company focused on energy transition. The company is dedicated to environmental stewardship, providing local, responsibly sourced energy, and maximizing the value of its land and mineral ownership through carbon capture and storage (CCS) and other emissions-reducing projects.
Average Trading Volume: 1,008,695
Technical Sentiment Signal: Strong Buy
Current Market Cap: $4.7B
Learn more about CRC stock on TipRanks’ Stock Analysis page.