California Resources Corporation (CRC) receives an Overweight rating from JP Morgan

In a filing, California Resources Corporation revealed its Director CHAPMAN JAMES N acquired Company’s shares for reported $775.0 on Mar 21 ’25. In the deal valued at $44.49 per share,17 shares were bought. As a result of this transaction, CHAPMAN JAMES N now holds 43,462 shares worth roughly $2.1 million.

Then, CHAPMAN JAMES N bought 2,000 shares, generating $78,840 in total proceeds. Upon buying the shares at $39.42, the Director now owns 43,445 shares.

Before that, Hayat Omar sold 16,016 shares. California Resources Corporation shares valued at $883,821 were divested by the EVP – Operations at a price of $55.18 per share. As a result of the transaction, Hayat Omar now holds 30,940 shares, worth roughly $1.5 million.

JP Morgan upgraded its California Resources Corporation [CRC] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in late May from “an Equal weight” to “an Overweight”. Citigroup also remained covering CRC and has decreased its forecast on April 07, 2025 with a “Neutral” recommendation from previously “Buy” rating. Truist started covering the stock on January 13, 2025. It rated CRC as “a Buy”.

Price Performance Review of CRC

On Monday, California Resources Corporation [NYSE:CRC] saw its stock fall -5.66% to $48.36. Over the last five days, the stock has gained 1.60%. California Resources Corporation shares have fallen nearly -6.91% since the year began. Nevertheless, the stocks have fallen -6.80% over the past one year.

How much short interest is there in California Resources Corporation?

A steep rise in short interest was recorded in California Resources Corporation stocks on 2025-06-13, dropping by -0.26 million shares to a total of 4.56 million shares. Yahoo Finance data shows the prior-month short interest on 2025-05-15 was 4.81 million shares. There was a decline of -5.66%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on December 20, 2024 when JP Morgan began covering the stock and recommended ‘”a Neutral”‘ rating along with a $63 price target.

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