Here’s What Wall Street Thinks About California Resources Corporation (CRC)

California Resources Corporation (NYSE:CRC) is 1 of the Best Affordable Stocks to Buy According to Analysts. On December 17, Emma Schwartz from Jefferies reiterated a Buy standing connected the banal but lowered the terms people from $71 to $68. Earlier connected December 12, Josh Silverstein from UBS besides reiterated a Buy standing connected the banal and lowered the terms people from $68 to $64.

Analyst Silverstein of UBS highlighted that helium anticipates 2026 to beryllium a amended twelvemonth for the vigor assemblage aft 3 years of constricted gains. The stronger 2026 is expected to beryllium driven by improved earthy state and lipid outlooks, boosted by accrued M&A worth instauration and superior expenditure efficiencies.

Moreover, precocious connected December 18, California Resources Corporation (NYSE:CRC) announced completing its all-stock merger with Berry Corporation (NASDAQ:BRY). Management noted that, arsenic a effect of this deal, the institution is expanding its portfolio by integrating Berry’s operations without utilizing cash. Management expects the combined entity to execute stronger successful 2026.

Moreover, arsenic portion of the transaction, the equity holders of erstwhile Berry received astir 5.6 cardinal shares of CRC communal stock, having an approximate aggregate worth of $253 cardinal based connected CRC’s closing stock terms connected December 17, 2025.

​California Resources Corporation (NYSE:CRC) is an autarkic vigor institution focused connected lipid and earthy state exploration, development, and production, chiefly successful California’s San Joaquin, Los Angeles, and Sacramento basins.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.