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California Resources Corp ( (CRC) ) has shared an announcement.
On September 15, 2025, California Resources Corporation announced a merger with Berry Corporation in an all-stock transaction valuing Berry at approximately $717 million. This merger is expected to create a stronger energy leader in California, with significant operational synergies and financial benefits. The combined company will have enhanced capabilities in oil production and well services, maintaining a strong balance sheet and liquidity. The merger, approved by both companies’ boards, is anticipated to close in the first quarter of 2026, subject to regulatory and shareholder approvals.
The most recent analyst rating on (CRC) stock is a Buy with a $65.00 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) operates in the energy sector, focusing on oil and gas production primarily in California. The company is known for its conventional oil-weighted reserves and aims to deliver sustainable energy solutions.
Average Trading Volume: 937,446
Technical Sentiment Signal: Strong Buy
Current Market Cap: $4.44B
Learn more about CRC stock on TipRanks’ Stock Analysis page.