California Resources stock (US13057Q2066): shares steady as investors digest recent earnings and valuation metrics

California Resources stock on the NYSE is trading around the low-60 USD range as investors weigh recent quarterly results and current valuation metrics against sector peers in the U.S. exploration and production space.

California Resources stock is trading in the low-60 USD range on the New York Stock Exchange as investors continue to assess the company’s latest operating performance and valuation within the U.S. oil and gas exploration and production sector.

According to Nasdaq data, California Resources shares recently changed hands at about USD 60.80 on the NYSE, reflecting a significant advance from approximately USD 44.65 at the start of 2026, as cited by MarketBeat in early June 2026, and underscoring renewed market interest in U.S.-focused exploration and production names.MarketBeat as of 06/2026

The company is headquartered in the United States and listed on the NYSE under the ticker CRC, which positions it squarely within the domestic energy universe that many U.S. retail investors track alongside broader benchmarks and industry indices.Morningstar as of 06/2026

As of: 06/05/2026

By the editorial team - specialized in equity coverage.

At a glance

• Name: CRC
• Sector/industry: Energy - oil and natural gas exploration and production
• Headquarters/country: Long Beach, United States
• Core markets: Onshore oil and gas fields in California
• Key revenue drivers: Production and sale of crude oil, natural gas and natural gas liquids
• Home exchange/listing venue: New York Stock Exchange (CRC)
• Trading currency: USD

California Resources: core business model

California Resources focuses on developing and producing oil, natural gas and associated liquids from onshore fields in California, generating revenue primarily from hydrocarbon sales to refineries, utilities and industrial customers.

Valuation metrics and multiples for California Resources

Valuation has been a key lens for investors following California Resources in recent weeks, particularly after the stock’s climb from roughly USD 44.65 at the start of 2026 to about USD 60.80 by early June 2026, a move of a little more than one-third in value over that period according to MarketBeat and price data tracked via Nasdaq.MarketBeat as of 06/2026

MarketBeat’s overview of the stock in June 2026 cites a consensus price target of USD 73.50 based on recent analyst surveys, implying around 20.8% upside from a reference price of USD 60.84 at that time, and highlighting how the market is weighing current cash flow generation against future commodity-price scenarios.MarketBeat as of 06/2026

Conclusion

California Resources stock is trading in the low-60 USD area on the NYSE, up from the mid-40 USD level at the start of 2026, as investors recalibrate expectations for cash flow and balance-sheet strength within a volatile commodity backdrop.

With consensus data from MarketBeat indicating a price target of USD 73.50 and implying potential upside from recent trading levels, the main question for market participants is how future oil and gas prices will interact with California Resources’ capital-allocation decisions and field-development plans.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.