UBS Analyst Raises CRC Price Target to $61.00 Amid Favorable Market Sentiment

UBS analyst Josh Silverstein raised the price target for California Resources (CRC) to $61.00 from $58.00, a 5.17% increase. This follows recent upgrades and price target increases from other analysts, including JP Morgan, Mizuho, and Barclays. The average one-year price target for CRC is $59.50, implying a 25.11% upside from the current price of $47.56. The company is an independent oil and natural gas exploration and production company operating exclusively in California.

UBS analyst Josh Silverstein has increased the price target for California Resources (CRC) to $61.00 from $58.00, a 5.17% rise. This latest upgrade follows recent price target increases from other analysts, including JP Morgan, Mizuho, and Barclays [3]. The average one-year price target for CRC is $59.50, suggesting a potential 25.11% upside from the current price of $47.56 [3]. California Resources is an independent oil and natural gas exploration and production company operating exclusively in California [2].

The company reported strong second-quarter 2025 earnings, with revenue of $821.0 million, a 59% increase from the same period last year. Net income rose to $172.0 million, up by $164.0 million from the previous year. The profit margin improved to 21%, up from 1.6% in the second quarter of 2024 [2]. The company's earnings per share (EPS) increased to $1.93, a 109% increase from the previous year's $0.12 [2]. These results exceeded analyst expectations, with revenue and EPS surpassing estimates by 23% and 109%, respectively [2].

CEO Francisco J. Leon highlighted operational execution, stating that the company delivered record quarterly returns to shareholders, returning nearly $290 million this quarter, which is more than 260% of its free cash flow. Leon also noted the successful implementation of ARA-related merger synergies ahead of schedule, with a net present value of $1.4 billion over the next decade [3].

California Resources' stock has seen significant institutional buying, with large investors like First Horizon Advisors Inc., New York Life Investment Management LLC, Altman Advisors Inc., UMB Bank n.a., and Consilio Wealth Advisors LLC increasing their stakes in the company [1]. The company's debt-to-equity ratio is 1.92, and its quick ratio is 0.73, indicating strong liquidity [1].

References:
[1] https://www.marketbeat.com/instant-alerts/expedia-group-nasdaqexpe-stock-price-expected-to-rise-ubs-group-analyst-says-2025-08-08/
[2] https://simplywall.st/stocks/us/energy/nyse-crc/california-resources/news/california-resources-second-quarter-2025-earnings-beats-expe
[3] https://seekingalpha.com/news/4480877-california-resources-signals-9-percent-free-cash-flow-outlook-increase-while-advancing-carbon