CRC California Resources Corp

California Resources Corporation (NYSE:CRC) has received a consensus "Moderate Buy" rating from thirteen research firms, with an average 12-month price target of $64.36. The company recently reported Q3 EPS of $1.46, surpassing estimates, and increased its quarterly dividend to $0.405 per share. Institutional ownership of CRC stands at approximately 97.79%, indicating significant investor confidence.

California Resources Corporation (CRC) announced the completion of its all-stock merger with Berry Corporation, strengthening its oil and gas portfolio in California and adding strategic optionality in the Uinta basin. The deal, valued at approximately $253 million, is expected to generate $80–90 million in annual synergies within a year. Additionally, CRC is expanding its carbon management push by signing an MoU with Middle River Power for carbon transportation and sequestration services.

Kore Advisors, a Florida-based fund, initiated a $4 million stake in California Resources Corporation in the third quarter, acquiring 75,141 shares, despite the stock's 15% decline over the past year. This new position represents 4.6% of the fund's assets under management and highlights California Resources' focus on free cash flow, dividends, and debt reduction. The company reported strong operating cash flow and free cash flow in Q3, increasing its dividend and reducing near-term debt risk.

California Resources Corp (CRC) announced the completion of its all-stock merger with Berry Corporation on December 18, 2025, making Berry a wholly owned subsidiary. The transaction involved issuing approximately 5.6 million CRC shares to Berry's former equity holders, valued at about $253 million. This merger expands CRC’s asset base and is expected to generate synergies, enhanced cash flow, and operating efficiencies, with CRC’s existing executive team leading the combined company.

Luminia and California Resources Corporation (CRC) have finalized plans for two large-scale solar projects totaling 30 megawatts (MW) at CRC's Mt. Poso and Kern Front oil and gas fields in Kern County, California. These projects aim to reduce energy costs and lower carbon emissions for CRC's operations by generating renewable energy on-site. Dispatch Energy has acquired the projects and will be responsible for their long-term ownership, construction, and operation.

California Resources Corporation (CRC) has completed its all-stock merger with Berry Corporation, enhancing CRC's California portfolio and boosting its operational strength for 2026. Berry's former equity holders received approximately 5.6 million shares of CRC common stock, valued at around $253 million. The combined company will be headquartered in Long Beach, California, and led by CRC's executive team.