{
}
UBS has lowered its price target for California Resources Corporation to $61 from $65 while maintaining a Buy rating. The company, focused on energy transition, produces the lowest carbon intensity oil in the U.S. and is developing carbon capture and storage projects in California. Its key assets include significant interests in the Elk Hills field and other oil fields in the San Joaquin Basin.
UBS has lowered its price target for California Resources Corporation to $65 from $68 while maintaining a Buy rating. The company, focused on energy transition, produces the lowest carbon intensity oil in the U.S. and is developing carbon capture and storage projects in California. Its key assets include the Elk Hills field and interests in several oil fields in the San Joaquin Basin.
Chord Energy (NASDAQ:CHRD) and California Resources (NYSE:CRC) received Buy ratings from UBS, with price targets set at $168 and $68, respectively. Chord's positive outlook is attributed to its operational efficiency, strong balance sheet, and attractive valuation, which reflects robust fundamentals.
California Resources Corporation recently saw insider trading activity, with VP Noelle M. Repetti selling 10,000 shares at $53.00, totaling $530,000, while CEO Francisco Leon sold 7,500 shares for $368,850. Institutional investors hold 97.79% of the company's stock, and analysts maintain a "Moderate Buy" rating with a consensus target price of $64.75. The company also announced a quarterly dividend increase to $0.3875, reflecting a 2.94% yield.
California Resources Corporation, an independent energy and carbon management firm, is focused on the energy transition and produces the lowest carbon oil in the U.S. The company is developing carbon capture and storage projects through its Carbon TerraVault initiative and operates in key oil and gas reservoirs, including the San Joaquin and Los Angeles Basins. It holds significant interests in the Elk Hills field, the largest in the San Joaquin Basin, along with other major oil fields in the region.
UBS has initiated coverage of California Resources with a Buy rating and a price target of $68, highlighting the company's unique position in exploration and production due to its diversified asset base, which includes power, real estate, and a developing carbon capture, utilization, and storage (CCUS) business. The firm anticipates that the company will start receiving its Class VI permits in Q4, which is expected to serve as a key catalyst for growth in the CCUS unit.
California Resources Corporation
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs lowers price target for california resources while maintaining buy rating
14:27 24.03.2025
ubs lowers price target on california resources while maintaining buy rating
15:53 06.03.2025
UBS initiates Buy ratings for Chord Energy and California Resources
Costa Rican Colón
Malagasy Ariary
Antero Resources Corporation
Civitas Resources, Inc.
Chord Energy Corporation
California Resources Corporation
USA
Show more
21:27 16.10.2024
california resources executives sell shares as institutional investors increase holdings
13:55 16.10.2024
California Resources Corporation advances carbon management and low carbon oil production
13:05 16.10.2024
ubs initiates buy rating for california resources with growth potential
11:31 16.10.2024
Trending
Subcategory
Startups & Entrepreneurship
Industry Trends
Corporate News
Private Equity Deals
Retail and Consumer Goods
Supply Chain Management
Global Trade Developments
CEO Changes
Government Economic Policies
Corporate Social Responsibility
Industry Mergers & Acquisitions
Workplace Trends
Energy Sector Developments
Venture Capital Investments
Fintech Startups
Finance Mergers & Acquisitions
AI Innovations
Market Analysis and Predictions
Intellectual Property Laws
Central Bank Actions
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Amazon.com, Inc.
Tesla, Inc.
Salesforce, Inc.
Garuda Aerospace Ltd.
Huawei Technologies CO. Ltd.
Bharti Airtel Ltd.
XPeng Inc.
Microsoft Corporation
Venturewave Capital NO.1 Ltd.
Semler Scientific, Inc.
TENCENT
Wipro Ltd
OpenAI ERC USD
Orange S.A.
IDBI Bank Limited
Standard Chartered Bank
LENOVO GROUP
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Saudi Riyal
Japanese Yen
Malaysian Ringgit
British Pound Sterling
Mexican Peso
Brazilian Real
New Taiwan Dollar
Bahraini Dinar
Qatari Riyal
Pakistani Rupee
Kuwaiti Dinar
Vietnamese Đồng
South Korean Won
Algerian Dinar
People:
Donald Trump
Mark Zuckerberg
Bisrat Degefa
He Xiaopeng
Abdel Fattah El-Sisi
Anmol Singh Jaggi
Puneet Singh Jaggi
Sari Sabban
David Watkins
Simon Moon
Anas Algahtani
Matt Jones
Ayman Hamdan
Elon Musk
Allen Law
Xi Jinping
Anwar Hussain
Sultan Ibrahim ibni Sultan Iskandar
Prashant Joshi
Albinder Dhindsa