UBS sets USD 73.00 target for California Resources stock

Published on 10/05/2026 at 20:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 1.30 billion in the second quarter of 2026. California Resources stock costs EUR 47.53 on October 5, 2026 after EUR 46.59.

CRC, US13057Q3056, Illustration mit AI erstellt.

California Resources Corporation (US13057Q3056) has a USD 73.00 price target from UBS, which maintained its Buy rating on September 28, 2026, according to Markets Insider. The target gives the latest analyst view a concrete benchmark while the stock trades in euros for German investors.

Revenue beat, earnings lagged

California Resources reported USD 1.30 billion of revenue in the second quarter of 2026, up from USD 821.00 million in the same period of 2025. Yahoo Finance reported that adjusted earnings per share reached USD 0.99, down from USD 1.10 a year earlier and 24.40 percent below the USD 1.31 consensus estimate.

The contrast matters for the investment case: revenue growth was supported by higher production, while temporary takeaway constraints, weaker oil differentials and higher transportation and operating costs weighed on adjusted earnings per share.

Operations supplied the counterweight

Average net production rose to 149 thousand barrels of oil equivalent per day in the second quarter of 2026 from 137 thousand barrels in the year-ago quarter, according to Yahoo Finance. Net cash provided by operating activities was USD 263.00 million, compared with USD 165.00 million in the prior-year quarter, while free cash flow was USD 114.00 million.

That cash generation gives the revenue increase a second dimension. California Resources also invested USD 149.00 million during the quarter, including USD 101.00 million for drilling, completions and workovers.

Analyst targets stay above market view

MarketBeat reported on September 30, 2026, that 14 firms had an average 12-month price target of USD 74.10, with 10 Buy ratings, 3 Hold ratings and 1 Strong Buy rating. The same report cited a quarterly dividend of USD 0.41 per share and a 3.20 percent annualized yield.

UBS's USD 73.00 target sits below that average but above the latest dollar-denominated primary-market quote supplied for context. The two currencies should remain separate: the analyst targets are in USD, while the reference price below is a Lang & Schwarz euro quote.

CRC trades at EUR 47.53 after hours

California Resources stock was trading at EUR 47.53 at Lang & Schwarz on October 5, 2026 at 8:44 p.m. CEST, up 2.02 percent versus the prior close of EUR 46.59 on October 2, 2026. Market capitalization was USD 4.7 billion and the 52-week range was USD 43.24 to USD 71.98 as of October 5, 2026.