California Resources Hits New 52-Week High

Analysts weigh in on whether it's time to buy the stock.

Published on Mar. 4, 2026

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California Resources Corporation (NYSE:CRC) reached a new 52-week high of $62.48 during trading on Monday, closing at $60.09 with a trading volume of 204,296 shares. The stock has been the subject of several research analyst reports, with Barclays increasing their target price on the shares from $65 to $67 and giving the company an 'overweight' rating.

Why it matters

California Resources is an independent exploration and production company focused exclusively on developing oil and natural gas assets in California. The company's stock hitting a new 52-week high suggests investor confidence in the company's performance and future prospects.

The details

CRC has been the topic of several research analyst reports in recent weeks. Pickering Energy Partners lowered the company's rating from 'outperform' to 'neutral', while Barclays increased their target price from $65 to $67 and maintained an 'overweight' rating. Weiss Ratings restated a 'hold (c)' rating, and Zacks Research upgraded the stock from a 'strong sell' to a 'hold' rating.

  • California Resources hit a new 52-week high during mid-day trading on Monday, March 4, 2026.
  • The stock last traded at $60.09 on March 4, 2026.

The players

California Resources Corporation

An independent exploration and production company focused exclusively on developing oil and natural gas assets in California.

Pickering Energy Partners

A research firm that lowered its rating on California Resources from 'outperform' to 'neutral'.

Barclays

A research firm that increased its target price on California Resources from $65 to $67 and maintained an 'overweight' rating.

Weiss Ratings

A research firm that restated a 'hold (c)' rating on California Resources.

Zacks Research

A research firm that upgraded California Resources from a 'strong sell' to a 'hold' rating.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.