Investment Analysts’ Weekly Ratings Updates for California Resources (CRC)

California Resources (NYSE: CRC) recently received a number of ratings updates from brokerages and research firms:

• 5/30/2026 – California Resources was upgraded by Wall Street Zen from “hold” to “buy”.
• 5/27/2026 – California Resources had its price target raised by Mizuho from $86.00 to $87.00. They now have an “outperform” rating on the stock.
• 5/26/2026 – California Resources had its price target raised by Barclays PLC from $72.00 to $80.00. They now have an “overweight” rating on the stock.
• 5/25/2026 – California Resources was downgraded by Zacks Research from “strong-buy” to “hold”.
• 5/20/2026 – California Resources was upgraded by Citigroup Inc. from “neutral” to “buy”. They now have a $78.00 price target on the stock, up from $74.00.
• 5/11/2026 – California Resources was given a new $78.00 price target by UBS Group AG. They now have a “buy” rating on the stock.
• 5/8/2026 – California Resources was downgraded by Weiss Ratings from “hold (c)” to “hold (c-)”.
• 4/13/2026 – California Resources had its price target raised by UBS Group AG from $81.00 to $82.00. They now have a “buy” rating on the stock.
• 4/6/2026 – California Resources was upgraded by Wall Street Zen from “sell” to “hold”.

California Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 29th will be given a dividend of $0.405 per share. The ex-dividend date is Friday, May 29th. This represents a $1.62 annualized dividend and a yield of 2.6%. California Resources’s dividend payout ratio (DPR) is currently -31.15%.

Insider Activity

In other California Resources news, EVP Christopher D. Gould sold 24,347 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $62.21, for a total transaction of $1,514,626.87. Following the completion of the transaction, the executive vice president owned 131,537 shares in the company, valued at approximately $8,182,916.77. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Omar Hayat sold 23,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $65.87, for a total transaction of $1,515,010.00. Following the transaction, the chief operating officer owned 82,236 shares of the company’s stock, valued at approximately $5,416,885.32. The trade was a 21.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 72,283 shares of company stock worth $4,636,646 in the last 90 days. 0.53% of the stock is owned by company insiders.

California Resources Corporation (NYSE: CRC) is an independent exploration and production company focused exclusively on developing oil and natural gas assets in California. Headquartered in Newport Beach, the company engages in hydraulic fracturing, well completions, reservoir management and enhanced recovery operations to produce crude oil, natural gas and natural gas liquids.

CRC’s operations are concentrated in three core regions: the Los Angeles Basin, the Ventura Basin and the San Joaquin Basin.