New insider activity at California Resources Corp ( (CRC) ) has taken place on March 7, 2025.
Director James Chapman has made a significant investment in California Resources Corp by purchasing 2,000 shares of the company’s stock, valued at $78,820. This move reflects confidence in the company’s future prospects.
Recent Updates on CRC stock
California Resources Corp (CRC) has recently experienced a price target adjustment by Barclays, which lowered its target due to capital allocation decisions, specifically the Brookfield payment deferral. The company’s Q4 earnings call revealed strong financial performance, with significant cost reductions and synergies achieved, and a focus on carbon management and power segments. CRC reported over $1 billion in adjusted EBITDAX for 2024 and returned 85% of its free cash flow to shareholders. The company is expanding its carbon management initiatives, highlighted by a new partnership with National Cement and receiving the first EPA class six permits. Despite challenges in stock performance due to market conditions and regulatory dependencies, CRC’s proactive measures and strategic partnerships suggest a positive outlook. The company plans significant investments in 2025, with a focus on drilling, completions, and carbon management projects.
More about California Resources Corp
YTD Price Performance: -22.57%
Average Trading Volume: 760,808
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.56B