California Resources Hits New 52-Week High

Analysts Raise Price Targets as Stock Surges

Mar. 30, 2026 at 3:34pm

Got story updates? Submit your updates here. ›

An extreme close-up of gleaming, intricate banking equipment and machinery, conveying the secure, powerful nature of the financial industry without using any text or symbols.As California Resources Corporation's stock price surges to new highs, the company's robust financial infrastructure and machinery symbolize the strength of the state's energy sector.San Joaquin Today

Shares of California Resources Corporation (NYSE: CRC) reached a new 52-week high on Monday, trading as high as $69.93 per share. The oil and gas producer has seen its stock price rise significantly in recent months as analysts have raised their price targets, citing the company's strong performance.

Why it matters

California Resources is a key player in the state's energy industry, with operations concentrated in the Los Angeles, Ventura, and San Joaquin basins. The company's strong stock performance reflects growing investor confidence in its ability to navigate the challenging market conditions facing the oil and gas sector.

The details

Several brokerages have issued positive reports on California Resources in recent weeks, with UBS Group boosting its price target from $63 to $75 and giving the stock a "buy" rating. Zacks Research also upgraded the company from a "strong sell" to a "hold" rating. The stock's rise has been driven by the company's improved financial performance, with revenue and earnings both exceeding analyst expectations in the most recent quarter.

  • California Resources shares hit a new 52-week high on Monday, March 30, 2026.
  • The company reported its latest quarterly earnings on Monday, March 2, 2026.

The players

California Resources Corporation

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

UBS Group

A global financial services firm that has issued a "buy" rating and raised its price target for California Resources.

Zacks Research

An investment research firm that has upgraded California Resources from a "strong sell" to a "hold" rating.

Got photos? Submit your photos here. ›

What they’re saying

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

— Robert Jenkins, San Francisco resident

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

— Gordon Edgar, grocery employee

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.