California Resources Corp (CRC)
California Resources Corporation (CRC) is a prominent independent oil and natural gas exploration and production company focused primarily on opportunities in California. Headquartered in Santa Clarita, the company operates a diverse portfolio of assets that includes both mature fields and new exploratory ventures, leveraging advanced technology and local expertise to maximize resource recovery. CRC is committed to sustainable practices and environmental stewardship, positioning itself as a key player in the transition towards cleaner energy while continuing to meet California's energy needs.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 7.12% per annum.
- CRC price at the close of October 31, 2025 was $47.17 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 147.75% per annum.
- CRC price at the close of October 31, 2025 was lower than the bottom border of the secondary price channel by $6.44 (12.02%). This indicates a possible reversal in the secondary trend direction.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of CRC price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: July 20, 2023
End date: August 26, 2025
a = 4.1526
b = -0.0002
s = 0.0906
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -7.12%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0906) – 1
= 43.69%
July 20, 2023 calculations
Top border of price channel:
Exp(Y681)
= Exp(a + b × X681 + 2 × s)
= Exp(a + b × 990 + 2 × s)
= Exp(4.1526 + -0.0002 × 990 + 2 × 0.0906)
= Exp(4.1335)
= $62.40
Bottom border of price channel:
Exp(Y681)
= Exp(a + b × X681 – 2 × s)
= Exp(a + b × 990 – 2 × s)
= Exp(4.1526 + -0.0002 × 990 – 2 × 0.0906)
= Exp(3.7710)
= $43.42
August 26, 2025 calculations
Top border of price channel:
Exp(Y1,208)
= Exp(a + b × X1,208 + 2 × s)
= Exp(a + b × 1,758 + 2 × s)
= Exp(4.1526 + -0.0002 × 1,758 + 2 × 0.0906)
= Exp(3.9781)
= $53.41
Bottom border of price channel:
Exp(Y1,208)
= Exp(a + b × X1,208 – 2 × s)
= Exp(a + b × 1,758 – 2 × s)
= Exp(4.1526 + -0.0002 × 1,758 – 2 × 0.0906)
= Exp(3.6156)
= $37.17
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 7.12% per annum.
- CRC price at the close of October 31, 2025 was $47.17 and was inside the primary price channel.
Secondary Trend
Start date: April 3, 2025
End date: October 8, 2025
a = -0.4369
b = 0.0025
s = 0.0575
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0025) – 1
= 147.75%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0575) – 1
= 25.86%
April 3, 2025 calculations
Top border of price channel:
Exp(Y1,109)
= Exp(a + b × X1,109 + 2 × s)
= Exp(a + b × 1,613 + 2 × s)
= Exp(-0.4369 + 0.0025 × 1,613 + 2 × 0.0575)
= Exp(3.6874)
= $39.94
Bottom border of price channel:
Exp(Y1,109)
= Exp(a + b × X1,109 – 2 × s)
= Exp(a + b × 1,613 – 2 × s)
= Exp(-0.4369 + 0.0025 × 1,613 – 2 × 0.0575)
= Exp(3.4574)
= $31.73
October 8, 2025 calculations
Top border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 + 2 × s)
= Exp(a + b × 1,801 + 2 × s)
= Exp(-0.4369 + 0.0025 × 1,801 + 2 × 0.0575)
= Exp(4.1547)
= $63.73
Bottom border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 – 2 × s)
= Exp(a + b × 1,801 – 2 × s)
= Exp(-0.4369 + 0.0025 × 1,801 – 2 × 0.0575)
= Exp(3.9247)
= $50.64
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 147.75% per annum.
- CRC price at the close of October 31, 2025 was lower than the bottom border of the secondary price channel by $6.44 (12.02%). This indicates a possible reversal in the secondary trend direction.