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Here is Why California Resources Corporation (CRC) Gained This Week

By Sultan Khalid | September 18, 2025, 2:39 PM

The share price of California Resources Corporation (NYSE:CRC) surged by 9.83% between September 9 and September 16, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Here is Why California Resources Corporation (CRC) Gained This Week

California Resources Corporation (NYSE:CRC) operates as an independent energy and carbon management company in the United States.

California Resources Corporation (NYSE:CRC) garnered widespread investor attention after it was recently announced that the company is set to acquire Berry Corporation in an all-stock transaction valued at around $717 million. CRC revealed that it expects to generate $80–90 million in annual synergies within a year of closing and maintain a leverage ratio below 1.0x.

Francisco Leon, President and CEO of California Resources Corporation (NYSE:CRC), stated:

“The combination of CRC and Berry will create a stronger, more efficient California energy leader. This transaction is attractively valued and immediately accretive across key financial metrics, strengthening our ability to deliver sustainable value to shareholders”.

Following the announcement, Mizuho raised its price target for California Resources Corporation (NYSE:CRC) from $65 to $71, while keeping an ‘Outperform’ rating on its shares.

While we acknowledge the potential of CRC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: Top 10 Stocks Under $10 That Could Triple and 10 Best Affordable Stocks Under $50 to Buy.

Disclosure: None.

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