JP Morgan analysts upgrades an Overweight rating for California Resources Corporation (CRC)

Anna Perez

In a filing, California Resources Corporation revealed its Director Roby William B acquired Company’s shares for reported $22227.0 on Nov 12 ’25. In the deal valued at $47.62 per share,467 shares were bought. As a result of this transaction, Roby William B now holds 57,179 shares worth roughly $2.74 million.

Then, Leon Francisco bought 5,425 shares, generating $258,816 in total proceeds. Upon buying the shares at $47.71, the President and CEO now owns 304,834 shares.

Before that, IKAV Energy Inc. bought 115,906 shares. California Resources Corporation shares valued at $5,548,420 were divested by the Former Affiliate at a price of $47.87 per share.

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 Tuesday, California Resources Corporation [NYSE:CRC] saw its stock jump 0.42% to $47.98. Over the last five days, the stock has lost -0.21%. California Resources Corporation shares have fallen nearly -17.86% since the year began. Nevertheless, the stocks have fallen -7.54% over the past one year. While a 52-week high of $60.08 was reached on 09/17/25, a 52-week low of $30.97 was recorded on 04/09/25.

Levels Of Support And Resistance For CRC Stock

The 24-hour chart illustrates a support level at 47.15, which if violated will result in even more drops to 46.33. On the upside, there is a resistance level at 48.61. A further resistance level may holdings at 49.25.

How much short interest is there in California Resources Corporation?

A steep rise in short interest was recorded in California Resources Corporation stocks on 2025-10-31, dropping by -0.69 million shares to a total of 2.85 million shares. Yahoo Finance data shows the prior-month short interest on 2025-09-30 was 3.53 million shares. There was a decline of -24.21%, 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.

Knox Daily
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