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California Resources Corp (CRC)
NYSE:CRC
California Resources Corp (CRC) Stock Price & Analysis
116 Followers
CRC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$43.30 - $57.50
Previous Close$51.89
Volume77.33K
Average Volume (3M)932.60K
Market Cap
$4.63B
Enterprise Value$4.69B
Total Cash (Recent Filing)$496.00M
Total Debt (Recent Filing)$540.00M
Price to Earnings (P/E)14.9
Beta0.58
Next Earnings
Aug 06, 2024EPS Estimate
$0.76Last Dividend Ex-Date
May 31, 2024Dividend Yield2.34%
Share Statistics
EPS (TTM)3.48
Shares Outstanding68,530,744
10 Day Avg. Volume1,603,340
30 Day Avg. Volume932,603
Standard Deviation0.14
R-Squared0.25
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)1.50
Price to Sales (P/S)1.19
Price to Cash Flow (P/CF)6.40
P/FCF Ratio6.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.55
Enterprise Value/Gross Profit3.51
Enterprise Value/Ebitda7.06
Forecast
1Y Price Target
$64.75Price Target Upside25.29% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
California Resources Corp News
PremiumCompany Announcements
California Resources Corp Bolsters Financial Standing with Strategic Deals
Bulls Say, Bears Say
Bulls Say
Carbon Capture And Storage (CCS)Management expects the Class VI permit for its first CCS project, setting them up for further development.
Financial PerformanceEarnings and EBITDA estimates for the first quarter are ahead of consensus.
Mergers And AcquisitionsThe company closed the Aera deal and looks for more details around the operating plan and synergies.
Bears Say
Capital GuidanceCRC lowered capital guidance by $100 million, which may result in a 5%-7% decline in production.
Legal IssuesKern County EIS litigation remains an overhang, with uncertainties about permits to restart drilling activity.
Operational ChallengesThe company loses access to the accelerated well permitting framework for an indefinite period.
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Ownership Overview
18.69% Insiders
24.08% Mutual Funds
31.27% Other Institutional Investors
25.96% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CRC FAQ
What was California Resources Corp’s price range in the past 12 months?
California Resources Corp lowest stock price was $43.30 and its highest was $57.50 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 Aug 06, 2024 which is in 15 days.
How were California Resources Corp’s earnings last quarter?
California Resources Corp released its earnings results on May 07, 2024. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.709 by $0.041.
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 $0.31 which represents an annual dividend yield of 2.34%. See more information on California Resources Corp dividends here
What is California Resources Corp’s EPS estimate?
California Resources Corp’s EPS estimate is $0.76.
How many shares outstanding does California Resources Corp have?
California Resources Corp has 89,581,215 shares outstanding.
What happened to California Resources Corp’s price movement after its last earnings report?
California Resources Corp reported an EPS of $0.75 in its last earnings report, beating expectations of $0.709. Following the earnings report the stock price went down -5.381%.
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 149M.
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California Resources Corp Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$64.75 (25.29% Upside)
$64.75 (25.29% Upside)
Blogger Sentiment
Bullish
CRC Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 25.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $11.1M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 3.2%
Last 30 Days ▼ 0.9%
Last 30 Days ▼ 0.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
10.40%
12-Months-Change
Fundamentals
Return on Equity
12.09%
Trailing 12-Months
Asset Growth
-2.25%
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
Q1 2024
0:00 / 0:00
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CRC Stock 12 Month Forecast
Average Price Target
$64.75
▲(25.29% Upside)
Technical Analysis
Best Analysts Covering CRC
1 Year
1 Year Success Rate
9/13 ratings generated profit
1 Year Average Return
+11.79%
reiterated a buy rating 3 months ago
Copying Nathaniel Pendleton's trades and holding each position for 1 Year would result in 69.23% of your transactions generating a profit, with an average return of +11.79% per trade.
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