S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches

California Resources (CRC) Stock Price, News & Analysis

$53.96
+1.78 (+3.41%)
(As of 03/1/2024 ET)
Today's Range
$52.43
$54.19
50-Day Range
$46.21
$55.86
52-Week Range
$34.02
$58.44
Volume
1.88 million shs
Average Volume
815,626 shs
Market Capitalization
$3.74 billion
P/E Ratio
6.99
Dividend Yield
2.30%
Price Target
$65.33

California Resources MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
21.1% Upside
$65.33 Price Target
Short Interest
Bearish
8.42% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.48mentions of California Resources in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
26.59%
From $5.49 to $6.95 Per Share

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.

3.60 out of 5 stars

Oils/Energy Sector

109th out of 242 stocks

Crude Petroleum & Natural Gas Industry

44th out of 77 stocks


CRC stock logo

About California Resources Stock (NYSE:CRC)

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 Stock Price History

CRC Stock News Headlines

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Carbon TerraVault Provides 2023 Update
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
California Resources's Earnings: A Preview
CRC Dec 2024 30.000 call
CRC Oct 2024 35.000 put
See 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.

Company Calendar

Ex-Dividend for 12/15 Dividend
11/30/2023
Dividend Payable
12/15/2023
Last Earnings
2/27/2024
Today
3/02/2024
Ex-Dividend for 3/18 Dividend
3/05/2024
Dividend Payable
3/18/2024
Next Earnings (Estimated)
5/06/2024
Fiscal Year End
12/31/2024

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 Target
$65.33
High Stock Price Target
$72.00
Low Stock Price Target
$56.00
Potential Upside/Downside
+21.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$524 million
Pretax Margin
26.70%

Debt

Sales & Book Value

Annual Sales
$2.80 billion
Cash Flow
$8.90 per share
Book Value
$32.34 per share

Miscellaneous

Free Float
68,599,000
Market Cap
$3.70 billion
Optionable
Optionable
Beta
1.01
Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report

Key Executives

  • Mr. Francisco J. Leon (Age 47)
    CEO, President & Director
    Comp: $1.4M
  • Mr. Michael L. Preston (Age 59)
    Executive VP, Chief Strategy Officer & General Counsel
    Comp: $1.38M
  • Mr. Jay A. Bys (Age 58)
    Executive VP & Chief Commercial Officer
    Comp: $1.34M
  • Mr. Manuela Molina
    Executive VP & CFO
  • Mr. Omar Hayat (Age 48)
    Executive Vice President of Operations
  • Ms. Noelle M. Repetti (Age 54)
    Senior VP, Controller & Principal Accounting Officer
  • Joanna Park
    Vice President of Investor Relations
  • Richard Venn
    Director of Communications
  • Ms. Alana A. Sotiri
    Vice President of Human Resources
  • Mr. Chris D. Gould (Age 53)
    Executive VP & Chief Sustainability Officer














CRC Stock Analysis - Frequently Asked Questions

Should I buy or sell California Resources stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CRC shares.
View CRC analyst ratings
or view top-rated stocks.

What is California Resources' stock price target for 2024?

6 brokers have issued 12 month price targets for California Resources' stock. Their CRC share price targets range from $56.00 to $72.00. On average, they predict the company's stock price to reach $65.33 in the next year. This suggests a possible upside of 21.1% 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 2024?

California Resources' stock was trading at $54.68 on January 1st, 2024. Since then, CRC stock has decreased by 1.3% and is now trading at $53.9550.
View the best growth stocks for 2024 here
.

When is California Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our CRC earnings forecast
.

How were California Resources' earnings last quarter?

California Resources Co. (NYSE:CRC) posted its earnings results on Tuesday, February, 27th. The oil and gas producer reported $0.93 EPS for the quarter, missing the consensus estimate of $1.01 by $0.08. The oil and gas producer had revenue of $726 million for the quarter, compared to the consensus estimate of $553.47 million. California Resources had a net margin of 20.14% and a trailing twelve-month return on equity of 17.57%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 earnings per share.

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

California Resources announced a quarterly dividend on Tuesday, February 27th. Shareholders of record on Wednesday, March 6th will be paid a dividend of $0.31 per share on Monday, March 18th. This represents a $1.24 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Tuesday, March 5th.
Read our dividend analysis for CRC
.

Is California Resources a good dividend stock?

California Resources (NYSE:CRC) pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.35%. 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 16.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRC will have a dividend payout ratio of 17.84% 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 shares reverse split on the morning of 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).

Who are California Resources' major shareholders?

California Resources' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.30%), Dimensional Fund Advisors LP (4.81%), LSV Asset Management (4.55%), Pacer Advisors Inc. (2.86%), Victory Capital Management Inc. (1.29%) and Northern Trust Corp (1.25%). 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
.

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.

This page (NYSE:CRC) was last updated on 3/2/2024 by MarketBeat.com Staff