California Resources Corporation (NYSE:CRC) is a standout among the Best Affordable Stocks to Buy According to Analysts. Recently, Emma Schwartz from Jefferies reiterated a Buy rating on the stock and adjusted the price target from $71 to $68. Similarly, Josh Silverstein from UBS also maintained a Buy rating on the stock and decreased the price target from $68 to $64.
Analyst Silverstein from UBS expressed optimism about the energy sector in 2026, foreseeing a more prosperous year after three years of limited gains. The positive outlook is driven by improved natural gas and oil prospects, along with enhanced value creation through mergers and acquisitions and operational efficiencies.
In a significant move, California Resources Corporation (NYSE:CRC) recently finalized its all-stock merger with Berry Corporation (NASDAQ:BRY). This strategic merger allows CRC to expand its operational footprint by integrating Berry’s assets without utilizing cash. Management expects the combined entity to deliver robust performance in 2026.
As part of the merger, former Berry equity holders received approximately 5.6 million shares of CRC common stock, valued at around $253 million based on CRC’s closing share price on December 17, 2025.
California Resources Corporation (NYSE:CRC) primarily focuses on oil and natural gas exploration, development, and production in California’s San Joaquin, Los Angeles, and Sacramento basins. The company’s strategic positioning in these key regions underscores its commitment to sustainable energy production.
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Disclosure: None. This article was originally published on Insider Monkey.
