Form D Canter Resources Corp.

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California Resources (CRC) PT Lowered to $56 at Roth/MKM

March 11, 2024 3:47 AM EDT

Roth/MKM analyst Leo Mariani lowered the price target on California Resources (NYSE: CRC) to $56.00 (from $58.00) while maintaining a Buy rating.

The analyst comments "A California Appellate Court Ruled Against Allowing The Existing Kern County, CA EIR To Be Sufficient For Oil & Gas Well Permitting Purposes. A California appellate court overturned a lower court's decision to deem an existing environmental impact report (EOR) covering parts of Kern County, CA suitable for the purpose of issuing new oil and gas drilling permits in the county. CRC Contends That It Can Still Get Drilling... More