California Resources Price Target Raised to $63 by UBS Analyst
PorAinvest
miércoles, 20 de agosto de 2025, 9:37 pm ET1 min de lectura
CRC--
The latest move by UBS comes after California Resources Corp reported its second quarter 2025 results. The company delivered robust operational and financial performance, with record shareholder returns and operational efficiency improvements. Key highlights include a 1% gross and 3% net production quarter-over-quarter decline, the addition of a second rig in Kern County, and the successful implementation of the $235MM Aera merger, which was completed three months ahead of schedule. The company generated $324MM of adjusted EBITDAX*, exceeding guidance.
California Resources Corp has also been recognized as a Top 10 dividend-paying energy stock by Dividend Channel, further underscoring its strong profitability and valuation metrics [2]. The company's annualized dividend of $1.55 per share has been consistent, with recent dividends paid in quarterly installments.
Despite the positive developments, UBS analyst Josh Silverstein acknowledges the impact of commodity headwinds on the company's upside potential. The analyst's adjustment reflects the broader trend of analysts reassessing their price targets on California Resources Corp, as the company navigates the current market conditions.
References:
[1] https://www.marketscreener.com/news/california-resources-presentation-4a2465-ce7c51dddf8ff522
[2] https://www.nasdaq.com/articles/crc-added-top-10-energy-dividend-stock-327-yield
UBS analyst Josh Silverstein raised California Resources' (CRC) price target to $63 from $61 and maintained a Buy rating. The analyst cited persistent commodity headwinds as a dampener on upside potential. The move is part of a broader trend of analysts adjusting their price targets on the company.
UBS analyst Josh Silverstein has raised the price target for California Resources Corp (CRC) to $63 from $61, maintaining a Buy rating. The analyst cited persistent commodity headwinds as a dampener on upside potential. This adjustment follows a broader trend of analysts revising their price targets on the company.The latest move by UBS comes after California Resources Corp reported its second quarter 2025 results. The company delivered robust operational and financial performance, with record shareholder returns and operational efficiency improvements. Key highlights include a 1% gross and 3% net production quarter-over-quarter decline, the addition of a second rig in Kern County, and the successful implementation of the $235MM Aera merger, which was completed three months ahead of schedule. The company generated $324MM of adjusted EBITDAX*, exceeding guidance.
California Resources Corp has also been recognized as a Top 10 dividend-paying energy stock by Dividend Channel, further underscoring its strong profitability and valuation metrics [2]. The company's annualized dividend of $1.55 per share has been consistent, with recent dividends paid in quarterly installments.
Despite the positive developments, UBS analyst Josh Silverstein acknowledges the impact of commodity headwinds on the company's upside potential. The analyst's adjustment reflects the broader trend of analysts reassessing their price targets on California Resources Corp, as the company navigates the current market conditions.
References:
[1] https://www.marketscreener.com/news/california-resources-presentation-4a2465-ce7c51dddf8ff522
[2] https://www.nasdaq.com/articles/crc-added-top-10-energy-dividend-stock-327-yield
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