California Resources (CRC) Stock Price, News & Analysis

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last year. There are currently 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CRC shares.
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7 brokerages have issued 1-year price objectives for California Resources' shares. Their CRC share price targets range from $56.00 to $70.00. On average, they predict the company's share price to reach $63.83 in the next twelve months. This suggests a possible upside of 27.2% from the stock's current price.
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California Resources' stock was trading at $43.51 at the beginning of the year. Since then, CRC shares have increased by 15.4% and is now trading at $50.19.
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California Resources saw a increase in short interest in November. As of November 15th, there was short interest totaling 5,290,000 shares, an increase of 15.0% from the October 31st total of 4,600,000 shares. Based on an average daily trading volume, of 539,200 shares, the days-to-cover ratio is currently 9.8 days. Currently, 9.2% of the company's shares are sold short.
View California Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, February 23rd 2024.
View our CRC earnings forecast.

California Resources Co. (NYSE:CRC) posted its quarterly earnings results on Wednesday, November, 1st. The oil and gas producer reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.23. The oil and gas producer earned $460 million during the quarter, compared to analyst estimates of $524.16 million. California Resources had a net margin of 16.65% and a trailing twelve-month return on equity of 19.62%. The firm's revenue was down 59.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.45 earnings per share.

California Resources declared a quarterly dividend on Wednesday, November 1st. Shareholders of record on Friday, December 1st will be given a dividend of $0.31 per share on Friday, December 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from the stock's previous quarterly dividend of $0.17.
Read our dividend analysis for CRC.

California Resources (NYSE:CRC) pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.52%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 19.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRC will have a dividend payout ratio of 18.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRC.

ETFs with the largest weight of California Resources (NYSE:CRC) stock in their portfolio include Invesco S&P SmallCap Energy ETF (PSCE), Invesco Energy Exploration & Production ETF (PXE), Pacer US Small Cap Cash Cows 100 ETF (CALF), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Cambria Shareholder Yield ETF (SYLD), LeaderShares Activist Leaders ETF (ACTV) and First Trust Small Cap Value AlphaDEX Fund (FYT).

Shares of California Resources reverse split on Wednesday, June 1st 2016. The 1-10 reverse split was announced on Monday, May 9th 2016. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, May 31st 2016. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other California Resources investors own include Macrocure Ltd. - Ordinary Share (MCUR), LinnCo (LNCOQ), Adverum Biotechnologies (ADVM), Occidental Petroleum (OXY), (GBSN) (GBSN), Bank of America (BAC), Northern Trust (NTRS), (BBEPQ) (BBEPQ), Oasis Petroleum (OAS) and Whiting Petroleum (WLL).

California Resources' stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (6.41%), LSV Asset Management (4.27%), Principal Financial Group Inc. (2.12%), American Century Companies Inc. (1.35%), Bank of New York Mellon Corp (1.28%) and Northern Trust Corp (1.27%). Insiders that own company stock include Ares Management Llc, Bo Kruse, Bob D Brown, Burt W Podbere, Goldentree Asset Management Lp, Guy Carling, Suku Krishnaraj Chettiar, Tiffany Thom Cepak and William B Roby.
View institutional ownership trends.

Shares of CRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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