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California Resources Corp (CRC)
NYSE:CRC
RESEARCH TOOLSreports
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CRC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$43.09 - $60.41
Previous Close$53.26
Volume780.14K
Average Volume (3M)673.57K
Market Cap
$4.87B
Enterprise Value$5.76B
Total Cash (Recent Filing)$241.00M
Total Debt (Recent Filing)$1.13B
Price to Earnings (P/E)8.4
Beta0.66
Next Earnings
Feb 26, 2025EPS Estimate
$0.99Last Dividend Ex-Date
Dec 02, 2024Dividend Yield2.45%
Share Statistics
EPS (TTM)6.35
Shares Outstanding91,705,360
10 Day Avg. Volume608,444
30 Day Avg. Volume673,574
Standard Deviation0.14
R-Squared0.26
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)1.40
Price to Sales (P/S)1.89
Price to Cash Flow (P/CF)5.60
P/FCF Ratio8.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.99
Enterprise Value/Gross Profit4.30
Enterprise Value/Ebitda5.76
Forecast
1Y Price Target
$68.78Price Target Upside34.41% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
California Resources Corp News
PremiumCompany Announcements
California Resources Appoints New CFO for Strategic Growth
PremiumCompany Announcements
California Resources Corp: Strong Q3 2024 Results
Bulls Say, Bears Say
Bulls Say
Carbon Capture And StorageCRC is set to receive CA's first Class VI permits and begin injecting CO at its CTV I site, largely funded by a $500MM commitment from 49% partner, Brookfield Corporation.
Financial PerformanceCRC's oil and gas assets yield significant FCF that can be paid out to investors and recycled into a growing CCS business.
Operational SynergiesThe acquisition of Aera is expected to drive improvements and support a flat volume outlook, with cash flow per barrel of oil equivalent growing by 45% from the first half of 2024 to 2026.
Bears Say
Financial PerformanceMargins from marketing purchased commodities dropped by 50%, and electricity margins fell sharply by 67%.
Regulatory ChallengesThe stock trades at a large discount due to the regulatory regime in California and uncertainties surrounding the Carbon business.
Subsidy DependenceCCS relies on government subsidies that could be reduced or eliminated, significantly affecting the value of CRC’s carbon management business.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
CRC FAQ
What was California Resources Corp’s price range in the past 12 months?
California Resources Corp lowest stock price was $43.09 and its highest was $60.41 in the past 12 months.
What is California Resources Corp’s market cap?
Currently, no data Available
When is California Resources Corp’s upcoming earnings report date?
California Resources Corp’s upcoming earnings report date is Feb 26, 2025 which is in 70 days.
How were California Resources Corp’s earnings last quarter?
California Resources Corp released its earnings results on Nov 05, 2024. The company reported $1.5 earnings per share for the quarter, beating the consensus estimate of $1.256 by $0.244.
Is California Resources Corp overvalued?
According to Wall Street analysts California Resources Corp’s price is currently Undervalued.
Does California Resources Corp pay dividends?
California Resources Corp pays a Quarterly dividend of $0.387 which represents an annual dividend yield of 2.45%. See more information on California Resources Corp dividends here
What is California Resources Corp’s EPS estimate?
California Resources Corp’s EPS estimate is $0.99.
How many shares outstanding does California Resources Corp have?
California Resources Corp has 91,372,955 shares outstanding.
What happened to California Resources Corp’s price movement after its last earnings report?
California Resources Corp reported an EPS of $1.5 in its last earnings report, beating expectations of $1.256. Following the earnings report the stock price went up 5.353%.
Which hedge fund is a major shareholder of California Resources Corp?
Among the largest hedge funds holding California Resources Corp’s share is Ares Management Llc. It holds California Resources Corp’s shares valued at 142M.
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California Resources Corp Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$68.78 (34.41% Upside)
$68.78 (34.41% Upside)
Hedge Fund Trend
Decreased
By 128.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.8%
Last 30 Days ▼ 4.5%
Last 30 Days ▼ 4.5%
Technicals
SMA
Positive
20 days / 200 days
Momentum
5.21%
12-Months-Change
Fundamentals
Return on Equity
19.13%
Trailing 12-Months
Asset Growth
80.36%
Trailing 12-Months
Company Description
California Resources Corp
California Resources produces oil and natural gas in California. At the end of 2018, the company reported net proved reserves of 618 million barrels of oil equivalent. Net production averaged 132 thousand barrels of oil equivalent per day in 2018 at a ratio of 75% oil and natural gas liquids and 25% natural gas.
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CRC Company Deck
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CRC Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, successful integration of Aera Energy, and advancements in the Carbon Management business, which are offset by challenges in commodity pricing and regulatory hurdles. Overall, the highlights significantly outweigh the lowlights, indicating a positive outlook.Read More>---
CRC Stock 12 Month Forecast
Average Price Target
$68.78
▲(34.41% Upside)
Technical Analysis
Best Analysts Covering CRC
1 Year
1 Year Success Rate
9/10 ratings generated profit
1 Year Average Return
+8.74%
reiterated a buy rating last month
Copying Leo Mariani's trades and holding each position for 1 Year would result in 90.00% of your transactions generating a profit, with an average return of +8.74% per trade.
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