NYSE:CRC California Resources (CRC) Stock Price, News & Analysis $51.12 +0.74 (+1.47%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$50.07▼$51.2250-Day Range$43.90▼$53.2252-Week Range$43.30▼$58.44Volume631,364 shsAverage Volume907,621 shsMarket Capitalization$3.50 billionP/E Ratio14.65Dividend Yield2.43%Price Target$62.71 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get California Resources alerts: Email Address California Resources MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.71 Rating ScoreUpside/Downside22.7% Upside$62.71 Price TargetShort InterestBearish8.17% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.31Based on 9 Articles This WeekInsider TradingSelling Shares$1.78 M Sold Last QuarterProj. Earnings Growth25.05%From $4.99 to $6.24 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.97 out of 5 starsOils/Energy Sector97th out of 248 stocksCrude Petroleum & Natural Gas Industry38th out of 80 stocks 2.4 Analyst's Opinion Consensus RatingCalifornia Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageCalifornia Resources has only been the subject of 3 research reports in the past 90 days.Read more about California Resources' stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted8.17% of the float of California Resources has been sold short.Short Interest Ratio / Days to CoverCalifornia Resources has a short interest ratio ("days to cover") of 6.7.Change versus previous monthShort interest in California Resources has recently increased by 0.67%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldCalifornia Resources pays a meaningful dividend of 2.49%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCalifornia Resources does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of California Resources is 35.53%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, California Resources will have a dividend payout ratio of 19.87% next year. This indicates that California Resources will be able to sustain or increase its dividend.Read more about California Resources' dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CRC. Previous Next 1.8 News and Social Media Coverage News SentimentCalifornia Resources has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.50 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 9 news articles for California Resources this week, compared to 3 articles on an average week.Search InterestOnly 1 people have searched for CRC on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added California Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, California Resources insiders have sold 9,665.69% more of their company's stock than they have bought. Specifically, they have bought $18,224.00 in company stock and sold $1,779,700.00 in company stock.Percentage Held by InsidersOnly 0.03% of the stock of California Resources is held by insiders.Percentage Held by Institutions97.79% of the stock of California Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about California Resources' insider trading history. Previous Next 4.4 Earnings and Valuation Earnings GrowthEarnings for California Resources are expected to grow by 25.05% in the coming year, from $4.99 to $6.24 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of California Resources is 14.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.20.Price to Earnings Ratio vs. SectorThe P/E ratio of California Resources is 14.65, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.02.Price to Earnings Growth RatioCalifornia Resources has a PEG Ratio of 0.85. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioCalifornia Resources has a P/B Ratio of 1.58. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about California Resources' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyNvidia insiders dumping sharesAll the signs show the AI market is about to reverse. And unless you know what’s really going on in this sector, you could be wiped out. Inside this new expose, you'll discover exactly how the AI crisis will unfold... how you can prepare for it before it's too late... and how you can potentially profit from it, too. Click here to read the new expose, The Big AI Die-Up while you still can.To see Porter Stansberry's new AI prediction go here now. About California Resources Stock (NYSE:CRC)California Resources Corporation operates as an independent oil and natural gas exploration and production, and carbon management 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 wholesale power market and utility sector; and developing various carbon capture and storage projects in California. The company was incorporated in 2014 and is based in Long Beach, California.Read More CRC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CRC Stock News HeadlinesJuly 26 at 2:09 AM | msn.comCalifornia adults who need long-term support programs hurt by lack of access to resources: StudyJuly 23, 2024 | msn.comCalifornia receives $12.6 billion federal grant to expand hydrogen productionJuly 27, 2024 | Stansberry Research (Ad)Get out of cash before the Fed's next meeting"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all $20,000 of his wife's 401k into shares of just ONE stock. Everyone on Wall Street said he was crazy. But a year later, that $20,000 in his wife's account was worth $120,000. Today, he says: "If you thought the dot-com mania was intense, what's about to happen in the coming weeks could be even crazier and could open up a new window of opportunity for 500%-plus gains."July 23, 2024 | msn.comCalifornia Forever plan for city in Solano County is being dropped from the 2024 ballotJuly 22, 2024 | americanbankingnews.comCalifornia Resources Co. (NYSE:CRC) Given Consensus Recommendation of "Moderate Buy" by AnalystsJuly 21, 2024 | americanbankingnews.comCalifornia Resources (NYSE:CRC) Coverage Initiated at CitigroupJuly 19, 2024 | finance.yahoo.comCalifornia Resources Corporation (NYSE:CRC) Shares Could Be 39% Below Their Intrinsic Value EstimateJuly 19, 2024 | markets.businessinsider.comBuy Rating Affirmed for California Resources Corp on Strong Oil Production, Carbon Capture Prospects, and Strategic AcquisitionsJuly 27, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.July 19, 2024 | markets.businessinsider.comAnalyst Expectations For California Resources's FutureJuly 5, 2024 | businesswire.comCalifornia Resources Corporation Schedules Second Quarter 2024 Earnings Conference CallJuly 2, 2024 | benzinga.comCalifornia Resources Concludes Merger With Aera EnergyMay 27, 2024 | msn.comCalifornia’s water rights system still needs fixingMay 25, 2024 | finance.yahoo.comInsider Sale: Director Mark Mcfarland Sells 180,000 Shares of California Resources Corp (CRC)May 21, 2024 | businesswire.comCalifornia Resources Corporation Announces Pricing of Upsized Private Offering of $600 Million of Senior Unsecured NotesMay 20, 2024 | finance.yahoo.comCalifornia Resources Corporation Announces Private Offering of $500 Million of Senior Unsecured NotesMay 17, 2024 | msn.comBig Oil abandoned this California town 10 years ago. Now, it has a new plan to save itMay 15, 2024 | msn.comInside a California oil town’s divisive plan to survive the energy transitionSee More Headlines Receive CRC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for California Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/07/2024Ex-Dividend for 6/14 Dividend5/31/2024Dividend Payable6/14/2024Today7/26/2024Next Earnings (Confirmed)8/06/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorOils/Energy Industry Crude petroleum & natural gas Sub-IndustryPetroleum And Natural Gas Current SymbolNYSE:CRC CUSIPN/A CIK1609253 Webwww.crc.com Phone888-848-4754FaxN/AEmployees1,060Year FoundedN/APrice Target and Rating Average Stock Price Target$62.71 High Stock Price Target$69.00 Low Stock Price Target$56.00 Potential Upside/Downside+22.7%Consensus RatingModerate Buy Rating Score (0-4)2.71 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$3.49 Trailing P/E Ratio14.65 Forward P/E Ratio10.24 P/E Growth0.85Net Income$564 million Net Margins11.34% Pretax Margin15.82% Return on Equity11.00% Return on Assets5.91% Debt Debt-to-Equity Ratio0.26 Current Ratio1.41 Quick Ratio1.29 Sales & Book Value Annual Sales$2.80 billion Price / Sales1.25 Cash Flow$8.92 per share Price / Cash Flow5.73 Book Value$32.34 per share Price / Book1.58Miscellaneous Outstanding Shares68,530,000Free Float68,510,000Market Cap$3.50 billion OptionableOptionable Beta0.98 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. Francisco J. Leon (Age 47)CEO, President & Director Comp: $2.5MMr. Manuela MolinaExecutive VP & CFOMr. Michael L. Preston (Age 59)EVP, Chief Strategy Officer, Corporate Secretary & General Counsel Comp: $1.91MMr. Jay A. Bys (Age 58)Executive VP & Chief Commercial Officer Comp: $1.75MMr. Chris D. Gould (Age 53)Executive VP & Chief Sustainability Officer Comp: $1.79MMr. Omar Hayat (Age 47)Executive Vice President of Operations Ms. Noelle M. Repetti (Age 54)Senior VP, Controller & Principal Accounting Officer Joanna ParkVice President of Investor RelationsRichard VennDirector of CommunicationsMs. Alana A. SotiriVice President of Human ResourcesMore ExecutivesKey CompetitorsPermian ResourcesNASDAQ:PRChesapeake EnergyNASDAQ:CHKHess MidstreamNYSE:HESMChord EnergyNASDAQ:CHRDMagnolia Oil & GasNYSE:MGYView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpSold 193,860 shares on 7/26/2024Ownership: 1.155%Allspring Global Investments Holdings LLCSold 96,830 shares on 7/26/2024Ownership: 0.018%Louisiana State Employees Retirement SystemBought 400 shares on 7/24/2024Ownership: 0.047%Hennessy Advisors Inc.Bought 78,200 shares on 7/23/2024Ownership: 0.745%Clear Harbor Asset Management LLCSold 275 shares on 7/17/2024Ownership: 0.006%View All Insider TransactionsView All Institutional Transactions CRC Stock Analysis - Frequently Asked Questions How have CRC shares performed this year? California Resources' stock was trading at $54.68 on January 1st, 2024. Since then, CRC shares have decreased by 6.5% and is now trading at $51.12. View the best growth stocks for 2024 here. How were California Resources' earnings last quarter? California Resources Co. (NYSE:CRC) issued its quarterly earnings results on Tuesday, May, 7th. The oil and gas producer reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.17. The company's revenue was down 55.7% on a year-over-year basis. 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 closing bell 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. Who are California Resources' major shareholders? California Resources' top institutional investors include Bank of New York Mellon Corp (1.15%), Hennessy Advisors Inc. (0.74%), Louisiana State Employees Retirement System (0.05%) and Allspring Global Investments Holdings LLC (0.02%). Insiders that own company stock include Mark Allen Mcfarland, William B Roby, Ares Management Llc and Goldentree Asset Management Lp. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of California Resources own? Based on aggregate information from My MarketBeat watchlists, some other companies that California Resources investors own include Macrocure Ltd. - Ordinary Share (MCUR), LinnCo (LNCOQ), Adverum Biotechnologies (ADVM), Occidental Petroleum (OXY), (GBSN) (GBSN), Bank of America (BAC) and Northern Trust (NTRS). This page (NYSE:CRC) was last updated on 7/27/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredNext opportunity for crypto millionsThe Bitcoin halving is the #1 creator of "crypto millionaires". That's because historically, every halving has...Crypto 101 Media | Sponsoredtop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligen...Traders Agency | SponsoredThe #1 Crypto for 2024 (3 Cent Coin)Chris Rowe – the man who recommended Amazon in 1998… Bitcoin and Ethereum in 2017… And has spotted 44 diffe...True Market Insiders | SponsoredThe #1 Crypto for AIWe’ve issued an urgent landmark trade alert for a new crypto wonder. So, I decided to give you this heads-u...Weiss Ratings | SponsoredAlex's "Next Magnificent Seven" StocksToday Alex Green is releasing his new breakdown of AI's "Next Magnificent Seven." So please make some time ...The Oxford Club | SponsoredNEW AI developed by trader who won 1,129% (in 2 days)Earlier this year one legendary trader captured a 1,129% win (in just 2 days) ... LIVE in front of thousands o...Monument Traders Alliance | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding California Resources Co. Please log in to your account or sign up in order to add this asset to your watchlist. Share California Resources With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Free CRC Stock Alerts