California Resources Corporation operates as an independent energy and carbon management company in the United States. It operates in two segments, Oil and Natural Gas, and Carbon Management. The company explores, develops, and produces crude oil, oil condensate, natural gas liquids and natural gas to california refineries, marketers, and other purchasers. It also provides Carbon TerraVault which build, install, operate, and maintain CO2 capture equipment, transportation assets, and storage facilities. In addition, the company owns and operates power generation facilities, as well as smaller gas-fired power plants used to generate power for oil and natural gas operations. The company was incorporated in 2014 and is based in Long Beach, California.
Carbon Capture Pionee | Explore CRC's ambitious Carbon Capture and Storage projects, poised to revolutionize the energy landscape and drive significant growth potential |
Financial Resilience | Delve into CRC's robust financial health, with a 3.11/5 score, 43% revenue growth, and an attractive P/E ratio of 7.05, despite market volatility |
Regulatory Navigation | Learn how CRC is adapting to California's complex regulatory environment, balancing traditional oil production with innovative clean energy initiatives |
Analyst Optimism | Discover why analysts are bullish on CRC, with price targets ranging from $36 to $75, averaging around $56, reflecting confidence in its diverse portfolio |
Metrics to compare | CRC | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipCRCPeersSector | |
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P/E Ratio | 9.1x | −1.7x | 4.9x | |
PEG Ratio | 0.14 | 0.06 | 0.00 | |
Price/Book | 1.3x | 0.5x | 1.1x | |
Price / LTM Sales | 1.4x | 0.6x | 1.1x | |
Upside (Analyst Target) | 23.9% | 27.8% | 25.4% | |
Fair Value Upside | Unlock | 14.0% | 9.2% | Unlock |