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California Resources (CRC) Stock Forecast, Price & News

$57.75
+1.45 (+2.58%)
(As of 09/27/2023 ET)
Compare
Today's Range
$57.10
$58.44
50-Day Range
$48.12
$57.99
52-Week Range
$34.02
$58.44
Volume
521,196 shs
Average Volume
830,813 shs
Market Capitalization
$3.98 billion
P/E Ratio
4.76
Dividend Yield
1.96%
Price Target
$64.50

California Resources MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
10.7% Upside
$64.67 Price Target
Short Interest
Healthy
9.35% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.39mentions of California Resources in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
20.45%
From $4.94 to $5.95 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.87 out of 5 stars

Oils/Energy Sector

47th out of 245 stocks

Crude Petroleum & Natural Gas Industry

29th out of 81 stocks


CRC stock logo

About California Resources (NYSE:CRC) Stock

California Resources Corporation operates as an independent oil and natural gas exploration and production company in the United States. The company explores, produces, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. It also engages in the generation and sale of electricity to the local utility and the grid. The company was incorporated in 2014 and is based in Long Beach, California.

CRC Price History

CRC Stock News Headlines

California Resources' (CRC) "Buy" Rating Reaffirmed at Mizuho
ATTENTION: Digital Dollar Could Send this $0.25 Play Skyrocketing
In just a few days, the U.S. government could announce this mandatory recall on the U.S. dollar… And replace it with a new digital dollar. And that could send this $0.25 alternative investment skyrocketing.
California Resources (NYSE:CRC) Given "Buy" Rating at Roth Mkm
Analyzing California Resources (NYSE:CRC) & Hempstract (OTCMKTS:HPST)
California Resources (NYSE:CRC) Price Target Raised to $70.00
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
What 7 Analyst Ratings Have To Say About California Resources
Q2 2023 California Resources Corp Earnings Call
California Resources (NYSE: CRC)
See More Headlines
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CRC Company Calendar

Last Earnings
7/31/2023
Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Today
9/27/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Fax
N/A
Employees
1,060
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$64.67
High Stock Price Forecast
$70.00
Low Stock Price Forecast
$56.00
Forecasted Upside/Downside
+11.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$524 million
Pretax Margin
35.27%

Debt

Sales & Book Value

Annual Sales
$2.71 billion
Cash Flow
$8.09 per share
Book Value
$25.37 per share

Miscellaneous

Free Float
68,941,000
Market Cap
$3.99 billion
Optionable
Optionable
Beta
1.16
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Key Executives

  • Mr. Francisco J. Leon (Age 46)
    CEO, Pres & Director
    Comp: $1.4M
  • Mr. Michael L. Preston (Age 58)
    Exec. VP, Chief Strategy Officer & Gen. Counsel
    Comp: $1.38M
  • Mr. Jay A. Bys (Age 57)
    Exec. VP & Chief Commercial Officer
    Comp: $1.34M
  • Mr. Manuela Molina
    Exec. VP & CFO
  • Mr. Omar Hayat (Age 47)
    Exec. VP of Operations
  • Ms. Noelle M. Repetti (Age 53)
    Sr. VP, Controller & Principal Accounting Officer
  • Cynthia J. Johnson
    Chief Information Officer & VP
  • Joanna Park
    VP of Investor Relations
  • Richard Venn
    Director of Communications
  • Ms. Alana A. Sotiri
    VP of HR













CRC Stock - Frequently Asked Questions

Should I buy or sell California Resources stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CRC shares.
View CRC analyst ratings
or view top-rated stocks.

What is California Resources' stock price forecast for 2023?

7 equities research analysts have issued 12 month target prices for California Resources' stock. Their CRC share price forecasts range from $56.00 to $70.00. On average, they predict the company's share price to reach $64.67 in the next year. This suggests a possible upside of 11.7% from the stock's current price.
View analysts price targets for CRC
or view top-rated stocks among Wall Street analysts.

How have CRC shares performed in 2023?

California Resources' stock was trading at $43.51 on January 1st, 2023. Since then, CRC stock has increased by 33.0% and is now trading at $57.87.
View the best growth stocks for 2023 here
.

Are investors shorting California Resources?

California Resources saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 5,390,000 shares, a decline of 12.9% from the August 31st total of 6,190,000 shares. Based on an average daily trading volume, of 637,500 shares, the short-interest ratio is currently 8.5 days. Approximately 9.4% of the company's stock are short sold.
View California Resources' Short Interest
.

When is California Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our CRC earnings forecast
.

How were California Resources' earnings last quarter?

California Resources Co. (NYSE:CRC) issued its quarterly earnings results on Monday, July, 31st. The oil and gas producer reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by $0.33. The oil and gas producer earned $591 million during the quarter, compared to analyst estimates of $535.59 million. California Resources had a net margin of 26.50% and a trailing twelve-month return on equity of 21.97%. The company's revenue for the quarter was down 20.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.13 EPS.

How often does California Resources pay dividends? What is the dividend yield for California Resources?

California Resources declared a quarterly dividend on Friday, July 28th. Stockholders of record on Friday, September 1st will be given a dividend of $0.2825 per share on Friday, September 15th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, August 31st. This is an increase from the stock's previous quarterly dividend of $0.28.
Read our dividend analysis for CRC
.

Is California Resources a good dividend stock?

California Resources (NYSE:CRC) pays an annual dividend of $1.13 per share and currently has a dividend yield of 2.00%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 9.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRC will have a dividend payout ratio of 18.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRC.

When did California Resources' stock split?

California Resources's stock reverse split before market open 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.

What other stocks do shareholders of California Resources own?

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).

What is California Resources' stock symbol?

California Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRC."

Who are California Resources' major shareholders?

California Resources' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.98%), State Street Corp (4.92%), Dimensional Fund Advisors LP (4.12%), Principal Financial Group Inc. (2.21%), LSV Asset Management (2.07%) and Geode Capital Management LLC (2.03%). 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, Todd A Stevens and William B Roby.
View institutional ownership trends
.

How do I buy shares of California Resources?

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.
Compare Top Brokerages Here.

What is California Resources' stock price today?

One share of CRC stock can currently be purchased for approximately $57.87.

How much money does California Resources make?

California Resources (NYSE:CRC) has a market capitalization of $3.99 billion and generates $2.71 billion in revenue each year. The oil and gas producer earns $524 million in net income (profit) each year or $12.13 on an earnings per share basis.

How many employees does California Resources have?

The company employs 1,060 workers across the globe.

How can I contact California Resources?

California Resources' mailing address is 27200 TOURNEY ROAD SUITE 200, SANTA CLARITA CA, 91355. The official website for the company is www.crc.com. The oil and gas producer can be reached via phone at 888-848-4754 or via email at scott.espenshade@crc.com.

This page (NYSE:CRC) was last updated on 9/27/2023 by MarketBeat.com Staff

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