Wall Street Zen Upgrades California Resources to 'Hold' Rating

Several analysts have boosted price targets for the oil and gas producer's stock in recent weeks.

Apr. 7, 2026 at 6:42am

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An extreme close-up of rugged, industrial oil and gas equipment in muted metallic tones, conceptually representing the tangible financial infrastructure and operations of California Resources.Analyst upgrades and price target increases for California Resources signal growing confidence in the oil and gas producer's financial outlook.San Joaquin Today

Wall Street Zen upgraded shares of California Resources (NYSE:CRC) from a sell rating to a hold rating in a report released on Monday. The move comes as several other equity analysts have also recently commented on CRC, with Wells Fargo, Citigroup, Zacks Research, and Barclays all raising their price targets and ratings for the company in recent weeks.

Why it matters

California Resources is a major independent oil and gas producer focused exclusively on operations in California. The recent analyst upgrades and price target increases suggest growing optimism about the company's performance and outlook, which could impact investor sentiment and the stock price.

The details

In their report, Wall Street Zen cited California Resources' recent financial results and operational updates as factors behind the ratings change. Several other prominent equity research firms have also issued positive notes on CRC in recent weeks, boosting their price targets and ratings for the stock.

  • Wall Street Zen released their report on Monday, April 7, 2026.
  • The analysts' price target increases and ratings changes occurred in the weeks leading up to the Wall Street Zen report.

The players

California Resources Corporation

An independent oil and gas exploration and production company focused exclusively on operations in California.

Wall Street Zen

An equity research firm that covers California Resources and recently upgraded the stock to a 'hold' rating.

Wells Fargo & Company

A major investment bank that boosted its price target and rating for California Resources in recent weeks.

Citigroup

A global financial services firm that also increased its price target and rating for California Resources.

Zacks Research

An equity research firm that raised its rating on California Resources to 'strong-buy' in late March.

Barclays

A multinational investment bank that boosted its price target and rating for California Resources.

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The takeaway

The recent analyst upgrades and price target increases for California Resources suggest growing optimism about the company's financial performance and outlook, which could boost investor confidence and the stock price in the coming months.