J.P. Morgan Remains a Buy on California Resources Corp (CRC)
Detailed price information for California Resources Corp (CRC-N) from The Globe and Mail including charting and trades.
Model output · Signal date 2026-10-15
California Resources Corp (CRC) Stock Forecast Oct. 15, 2026
Analysis updated on Oct. 15, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Rating · 90D
Alpha
90-day forecast
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30-day forecast
Alpha
Rank in coverage
Middle 30%
of 4012 stocks scored
Rank correlation · 90D
19.0%
Spearman, 358 dates
Market Cap
$4.52B
mid-cap · #26 of 60 peers
Summary
California Resources Corp (CRC) stock forecast summary
On Oct. 15, 2026, CRC is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 4012 stocks scored that day.
California Resources Corp is a mid-cap company with a market capitalization of $4.52B. It ranks number 26 by market capitalization among the 60 Crude Petroleum & Natural Gas issuers in our coverage with a current forecast. Its Gross Margin of 100.0% is the highest of the 17 peers that report one.
For CRC, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 19.0%, measured on 358 forecast dates between 2022-07-28 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 8.0%, measured on 400 forecast dates between 2022-07-28 and 2026-09-15. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.3%, buy ≥ +0.4%, sell < -0.8%, strong sell < -1.5% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-15 signals)
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CRC price chart and AI forecast
Cross-section · 2026-10-15
How CRC ranks among 4012 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-06-30
California Resources Corp (CRC) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Crude Petroleum & Natural Gas peers listed below that report each metric.
Valuation & Market
| Metric | CRC | Rank |
|---|---|---|
| Market Cap | $4.52B | 26/60 |
| P/B Ratio | 1.33x | 25/40 |
| Dividend Yield | 7.35% | 3/23 |
| EPS | $-1.29 | – |
| Book Value/Share | $40.67 | – |
| Revenue/Share | $38.19 | – |
| FCF/Share | $4.60 | – |
Profitability & Margins
| Metric | CRC | Rank |
|---|---|---|
| ROE | -3.6% | 23/27 |
| ROA | -1.7% | 25/31 |
| ROIC | -0.9% | 28/38 |
| Gross Margin | 100.0% | 1/17 |
| Operating Margin | -1.7% | 31/39 |
| Net Margin | -3.8% | 25/30 |
| EBT Margin | -6.4% | 34/46 |
| Tax Rate | 40.7% | – |
Financial Health
| Metric | CRC | Rank |
|---|---|---|
| Current Ratio | 0.66x | 38/54 |
| Quick Ratio | 0.56x | 17/22 |
| D/E Ratio | 1.09x | 20/47 |
| Financial Leverage | 2.09x | 18/44 |
| Interest Coverage | 102.2x | 3/41 |
| Working Capital | -$358M | 45/54 |
Cash Flow
| Metric | CRC | Rank |
|---|---|---|
| Operating Cash Flow | $876M | 26/52 |
| Free Cash Flow | $385M | 10/17 |
| Capital Spending | -$491M | 8/17 |
| OCF Growth YoY | 12.7% | 22/46 |
| FCF Growth YoY | -22.9% | 12/13 |
| FCF/Sales | 12.1% | 10/17 |
| CapEx/Sales | 15.4% | 14/17 |
Operational Efficiency
| Metric | CRC | Rank |
|---|---|---|
| Asset Turnover | 0.45x | 15/44 |
| Receivables Turnover | 9.3x | 18/41 |
| Inventory Turnover | 0.0x | 8/9 |
| Fixed Assets Turnover | 0.5x | 21/42 |
| Days Sales Outstanding | 39 days | 24/41 |
Income Statement
| Metric | CRC | Rank |
|---|---|---|
| Total Revenue | $3.19B | 18/49 |
| Operating Income | -$55M | 37/42 |
| Net Income | -$121M | 28/32 |
| SG&A Expense | $385M | 4/9 |
| Cost of Goods Sold | $0.00M | 17/19 |
Dividend & Shareholder Information
| Metric | CRC | Rank |
|---|---|---|
| Dividends Per Share | $3.97 | – |
| Shares Outstanding | 84M | – |
| Net Income Growth | -118.2% | 18/19 |
| EPS Growth | -116.8% | 18/22 |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $697M | 9.8% of assets |
| Cash & Short-term Investments | $56M | 0.8% of assets |
| Accounts Receivable | $342M | 4.8% of assets |
| Inventory | $111M | 1.6% of assets |
| Total Liabilities | $3.70B | 52.1% of assets |
| Short-term Debt | $666M | 9.4% of assets |
Quarterly Financial Reports
CRC quarterly financials and insider trading
Industry Peers · Crude Petroleum & Natural Gas
California Resources Corp (CRC) industry peers
Companies classified under the same SEC industry code as California Resources Corp (Crude Petroleum & Natural Gas): 60 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| CRC California Resources Corp | ▶ | $4.52B |
| TTE Totalenergies Se | ▼ | $197.80B |
| PBR Petrobras - Petroleo Brasileiro Sa | ▶ | $193.05B |
| CNQ Canadian Natural Resources Ltd | ▼ | $107.87B |
| E Eni Spa | ▼ | $94.78B |
| EOG Eog Resources Inc | ▶ | $80.88B |
| CVE Cenovus Energy Inc. | ▼ | $61.44B |
| OXY Occidental Petroleum Corp /De/ | ▼ | $61.39B |
| FANG Diamondback Energy, Inc. | ▲ | $55.31B |
| DVN Devon Energy Corp/De | ▼ | $54.91B |
| WDS Woodside Energy Group Ltd | ▼ | $43.84B |
| EC Ecopetrol S.A. | ▶ | $36.80B |
| EQT Eqt Corp | ▼ | $33.00B |
| EXE Expand Energy Corp | ▼ | $21.70B |
| PR Permian Resources Corp | ▶ | $20.15B |
| OVV Ovintiv Inc. | ▶ | $18.39B |
| APA Apa Corp | ▼ | $16.60B |
| AR Antero Resources Corp | ▼ | $11.26B |
| RRC Range Resources Corp | ▶ | $9.78B |
| SM Sm Energy Co | ▼ | $9.09B |
| CHRD Chord Energy Corp | ▶ | $8.00B |
| MTDR Matador Resources Co | ▼ | $6.83B |
| MGY Magnolia Oil & Gas Corp | ▶ | $5.89B |
| MUR Murphy Oil Corp | ▶ | $5.64B |
| CNX Cnx Resources Corp | ▶ | $5.15B |
| CRGY Crescent Energy Co | ▲ | $5.14B |
| PARR Par Pacific Holdings, Inc. | ▲ | $4.44B |
| CRK Comstock Resources Inc | ▶ | $4.02B |
| HESM Hess Midstream Lp | ▲ | $3.93B |
| BSM Black Stone Minerals, L.P. | ▼ | $3.35B |
| GPOR Gulfport Energy Corp | ▼ | $2.93B |
| TALO Talos Energy Inc. | ▶ | $2.84B |
| NOG Northern Oil & Gas, Inc. | ▶ | $2.80B |
| BKV Bkv Corp | ▼ | $2.53B |
| VET Vermilion Energy Inc. | ▶ | $1.90B |
| MNR Mach Natural Resources Lp | ▶ | $1.82B |
| KRP Kimbell Royalty Partners, Lp | ▼ | $1.77B |
| KOS Kosmos Energy Ltd. | ▲ | $1.61B |
| GFR Greenfire Resources Ltd. | ▲ | $1.58B |
| DMLP Dorchester Minerals, L.P. | ▼ | $1.47B |
| AESI Atlas Energy Solutions Inc. | ▲ | $1.38B |
| DEC Diversified Energy Co | ▶ | $1.04B |
| TBN Tamboran Resources Corp | ▲ | $1000M |
| INR Infinity Natural Resources, Inc. | ▶ | $809M |
| TXO Txo Partners, L.P. | ▲ | $790M |
| TTI Tetra Technologies Inc | ▲ | $789M |
| OBE Obsidian Energy Ltd. | ▲ | $774M |
| GPRK Geopark Ltd | ▶ | $750M |
| VTS Vitesse Energy, Inc. | ▶ | $734M |
| GRNT Granite Ridge Resources, Inc. | ▲ | $652M |
| SOC Sable Offshore Corp. | ▼ | $645M |
| EGY Vaalco Energy Inc /De/ | ▲ | $637M |
| WTI W&T Offshore Inc | ▲ | $551M |
| SD Sandridge Energy Inc | ▲ | $521M |
| GTE Gran Tierra Energy Inc. | ▶ | $380M |
| NUAI New Era Energy & Digital, Inc. | ▶ | $363M |
| REI Ring Energy, Inc. | ▲ | $344M |
| PNRG Primeenergy Resources Corp | ▼ | $336M |
| KGEI Kolibri Global Energy Inc. | ▶ | $227M |
| AMPY Amplify Energy Corp. | ▶ | $180M |
Where CRC sits on the market map
Energy & Transportation · Crude Petroleum & Natural Gas
News
California Resources Corp (CRC) stock news
California Resources closes all-stock combination with Berry Corp.
California Resources Corporation has closed its previously announced all-stock combination with Berry Corporation, strengthening its position as a leading conventional oil and gas producer in ...
Analysts Offer Insights on Energy Companies: Paladin Energy Ltd (OtherPALAF) and California Resources Corp (CRC)
Detailed price information for California Resources Corp (CRC-N) from The Globe and Mail including charting and trades.
FAQ
California Resources Corp (CRC) stock forecast FAQ
What is the California Resources Corp (CRC) stock forecast?
On Oct. 15, 2026, CRC is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 4012 stocks scored that day.
How accurate are California Resources Corp stock predictions?
For CRC, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 19.0%, measured on 358 forecast dates between 2022-07-28 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 8.0%, measured on 400 forecast dates between 2022-07-28 and 2026-09-15. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are California Resources Corp forecasts updated?
California Resources Corp forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 15, 2026.
Which companies are California Resources Corp's industry peers?
60 issuers in our coverage, CRC included, share the SEC industry code Crude Petroleum & Natural Gas. The largest are: Totalenergies Se (TTE), Petrobras - Petroleo Brasileiro Sa (PBR), Canadian Natural Resources Ltd (CNQ), Eni Spa (E), Eog Resources Inc (EOG), Cenovus Energy Inc. (CVE).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.