Barclays sets USD 74 target for California Resources stock

Published on 10/07/2026 at 02:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter oil and gas revenue rose 50.40 percent to USD 1.06 billion. California Resources stock had a EUR 46.60 prior close.

CRC, US13057Q3056, Illustration mit AI erstellt.

Barclays maintained a Buy rating and set a USD 74.00 price target for California Resources stock on October 5, 2026, according to Markets Insider. The target keeps analyst attention on valuation while the latest operating figures show stronger production and cash generation alongside earnings pressure.

Barclays sets a USD 74 target

Barclays analyst Betty Jiang maintained the Buy rating and set the USD 74.00 target on October 5, 2026. Markets Insider also reported that UBS maintained a Buy rating with a USD 73.00 target in a report dated September 28, 2026.

The target discussion comes after California Resources reported second-quarter 2026 adjusted earnings of USD 0.99 per share, down 10.00 percent from USD 1.10 a year earlier and 24.40 percent below the Zacks consensus estimate of USD 1.31, as Yahoo Finance reported on September 9, 2026.

Revenue and cash flow diverge

Oil, natural gas and natural gas liquids revenue reached USD 1.06 billion in the second quarter of 2026, up 50.40 percent from USD 702 million a year earlier and 7.80 percent above the USD 979 million consensus estimate, according to Yahoo Finance.

Net cash from operating activities rose 59.40 percent to USD 263 million in the second quarter from USD 165 million in the prior-year quarter. Average net production also increased to 149,000 barrels of oil equivalent per day from 137,000, while oil represented 81.00 percent of production, giving the revenue growth a measurable operating base.

Uinta sale sharpens portfolio

California Resources agreed on September 17, 2026, to sell its Uinta Basin assets to an undisclosed buyer for USD 90 million in cash. MarketScreener reported that the transaction is expected to close by the end of 2026 and is intended to concentrate the portfolio on California operations.

The divestiture adds a capital-allocation angle to the analyst case. The company said the proceeds could support shareholder returns and other corporate purposes, while the transaction remains subject to customary conditions and third-party consents.

CRC price and market value

At Lang & Schwarz, California Resources had a prior close of EUR 46.60 for October 5, 2026, in a quote dated October 6, 2026 at 10:59 p.m. CEST. The stock's primary listing is on the NYSE, where the October 6, 2026 quote was USD 52.47 and the 52-week range was USD 43.24 to USD 71.98; market capitalization was USD 4.7 billion.

The further course of trading is shown by the continuously updated real-time quote of California Resources stock.