Top-Rated Dividend StocksTop-Rated Dividend California Resources (CRC) Stock Price, News & Analysis $50.19 +1.07 (+2.18%) (As of 12/8/2023 08:56 PM ET) Add Compare Share Share Today's Range$49.47▼$50.6350-Day Range$49.09▼$55.5952-Week Range$34.02▼$58.44Volume552,600 shsAverage Volume765,091 shsMarket Capitalization$3.44 billionP/E Ratio8.06Dividend Yield2.47%Price Target$63.83 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media California Resources MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside27.2% Upside$63.83 Price TargetShort InterestBearish9.22% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.79Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth24.67%From $5.35 to $6.67 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.73 out of 5 starsOils/Energy Sector54th out of 222 stocksCrude Petroleum & Natural Gas Industry24th out of 66 stocks 3.5 Analyst's Opinion Consensus RatingCalifornia Resources has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 7 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $63.83, California Resources has a forecasted upside of 27.2% from its current price of $50.19.Amount of Analyst CoverageCalifornia Resources has only been the subject of 3 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted9.22% 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 9.8.Change versus previous monthShort interest in California Resources has recently increased by 15.00%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldCalifornia Resources pays a meaningful dividend of 2.52%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCalifornia Resources has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of California Resources is 19.90%. 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 18.59% next year. This indicates that California Resources will be able to sustain or increase its 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 2.7 News and Social Media Coverage News SentimentCalifornia Resources has a news sentiment score of 0.79. 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 higher news sentiment than the 0.67 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 4 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 -67% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, California Resources insiders have not sold or bought any 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. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for California Resources are expected to grow by 24.67% in the coming year, from $5.35 to $6.67 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of California Resources is 8.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.71.Price to Earnings Ratio vs. SectorThe P/E ratio of California Resources is 8.06, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.85.Price to Book Value per Share RatioCalifornia Resources has a P/B Ratio of 1.98. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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.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 HeadlinesDecember 10, 2023 | finance.yahoo.comReturns On Capital Are Showing Encouraging Signs At California Resources (NYSE:CRC)December 10, 2023 | americanbankingnews.comCalifornia Resources Co. (NYSE:CRC) Receives Consensus Rating of "Buy" from AnalystsDecember 11, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.December 4, 2023 | americanbankingnews.comRoyal Bank of Canada Reaffirms "Outperform" Rating for California Resources (NYSE:CRC)December 3, 2023 | americanbankingnews.comCalifornia Resources (NYSE:CRC) vs. MV Oil Trust (NYSE:MVO) Head to Head ContrastDecember 2, 2023 | americanbankingnews.comShort Interest in California Resources Co. (NYSE:CRC) Increases By 15.0%December 1, 2023 | markets.businessinsider.comAnalysts Offer Insights on NA Companies: PBF Energy (PBF) and California Resources Corp (CRC)November 24, 2023 | finance.yahoo.comShould Value Investors Buy California Resources (CRC) Stock?December 11, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.November 7, 2023 | finance.yahoo.comDown -7.95% in 4 Weeks, Here's Why You Should You Buy the Dip in California Resources Corporation (CRC)November 7, 2023 | seekingalpha.comCalifornia Resources: The Future Of Oil Is In CaliforniaNovember 5, 2023 | finance.yahoo.comCalifornia Resources Corporation (NYSE:CRC) Q3 2023 Earnings Call TranscriptNovember 5, 2023 | finance.yahoo.comCalifornia Resources' (NYSE:CRC) Shareholders Will Receive A Bigger Dividend Than Last YearNovember 2, 2023 | msn.comCalifornia Resources Corporation - (CRC) Price Target Increased by 9.40% to 71.23November 2, 2023 | finance.yahoo.comCalifornia Resources Corporation (CRC) Q3 Earnings: Taking a Look at Key Metrics Versus EstimatesNovember 1, 2023 | finance.yahoo.comCarbon TerraVault Provides Third Quarter 2023 UpdateNovember 1, 2023 | finance.yahoo.comCalifornia Resources Corporation Reports Strong Third Quarter 2023 Financial Results, Announces 10% Increase in Quarterly Dividend and Meaningfully Advances its Carbon Management BusinessNovember 1, 2023 | finance.yahoo.comCalifornia Resources Corp (CRC) Reports Q3 2023 Earnings, Increases Dividend by 10%October 31, 2023 | morningstar.comCalifornia Resources Corp Ordinary Shares - New CRCOctober 26, 2023 | finance.yahoo.comCan Marathon (MPC) Retain Its Beat Streak in Q3 Earnings?October 25, 2023 | finance.yahoo.comCalifornia Resources Corporation (CRC) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 ReleaseOctober 11, 2023 | msn.comCalifornia Resources: A Counterintuitive Play In A State Planning To Eliminate Fossil FuelsOctober 11, 2023 | seekingalpha.comCalifornia Resources Corporation: Making Moves And Delivering ValueOctober 3, 2023 | markets.businessinsider.comCalifornia Resources Corp Poised for Growth: A Buy Recommendation Based on Momentum in CCS Business and Potential CatalystsOctober 2, 2023 | finance.yahoo.comCalifornia Resources Corporation Schedules Third Quarter 2023 Earnings Conference CallSeptember 18, 2023 | finance.yahoo.comAre Robust Financials Driving The Recent Rally In California Resources Corporation's (NYSE:CRC) Stock?September 13, 2023 | msn.comCalifornia Resources: Carbon Capture And Potential Separation From Oil ProductionSee 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 Ex-Dividend for 9/15 Dividend8/31/2023Dividend Payable9/15/2023Last Earnings11/01/2023Ex-Dividend for 12/15 Dividend11/30/2023Today12/10/2023Dividend Payable12/15/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/23/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Crude petroleum & natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:CRC CUSIPN/A CIK1609253 Webwww.crc.com Phone888-848-4754FaxN/AEmployees1,060Year FoundedN/APrice Target and Rating Average Stock Price Target$63.83 High Stock Price Target$70.00 Low Stock Price Target$56.00 Potential Upside/Downside+27.2%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$6.23 Trailing P/E Ratio8.06 Forward P/E Ratio9.38 P/E GrowthN/ANet Income$524 million Net Margins16.65% Pretax Margin21.69% Return on Equity19.62% Return on Assets10.06% Debt Debt-to-Equity Ratio0.29 Current Ratio1.34 Quick Ratio1.24 Sales & Book Value Annual Sales$2.71 billion Price / Sales1.27 Cash Flow$8.10 per share Price / Cash Flow6.20 Book Value$25.37 per share Price / Book1.98Miscellaneous Outstanding Shares68,620,000Free Float68,599,000Market Cap$3.44 billion OptionableOptionable Beta1.02 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Francisco J. Leon (Age 46)CEO, President & Director Comp: $1.4MMr. Michael L. Preston (Age 58)Executive VP, Chief Strategy Officer & General Counsel Comp: $1.38MMr. Jay A. Bys (Age 57)Executive VP & Chief Commercial Officer Comp: $1.34MMr. Manuela MolinaExecutive VP & CFOMr. Omar Hayat (Age 47)Executive Vice President of Operations Ms. Noelle M. Repetti (Age 53)Senior VP, Controller & Principal Accounting Officer Joanna ParkVice President of Investor RelationsRichard VennDirector of CommunicationsMs. Alana A. SotiriVice President of Human ResourcesMr. Chris D. Gould (Age 52)Executive VP & Chief Sustainability Officer More ExecutivesKey CompetitorsBlack Stone MineralsNYSE:BSMCNX ResourcesNYSE:CNXNorthern Oil and GasNYSE:NOGEnerplusNYSE:ERFCrescent Point EnergyNYSE:CPGView All CompetitorsInstitutional OwnershipCitigroup Inc.Sold 16,091 shares on 12/6/2023Ownership: 0.117%Wellington Management Group LLPBought 32,568 shares on 12/1/2023Ownership: 0.047%American Century Companies Inc.Bought 108,123 shares on 11/30/2023Ownership: 1.348%Deutsche Bank AGBought 4,866 shares on 11/24/2023Ownership: 0.211%Public Sector Pension Investment BoardSold 45,104 shares on 11/22/2023Ownership: 0.117%View All Institutional Transactions CRC Stock Analysis - Frequently Asked Questions Should I buy or sell California Resources stock right now? 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. View CRC analyst ratings or view top-rated stocks. What is California Resources' stock price target for 2024? 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. 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 at the beginning of the year. Since then, CRC shares have increased by 15.4% and is now trading at $50.19. View the best growth stocks for 2023 here. Are investors shorting California Resources? 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. When is California Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, February 23rd 2024. View our CRC earnings forecast. How were California Resources' earnings last quarter? 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. How often does California Resources pay dividends? What is the dividend yield for California Resources? 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. 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 2.52%. 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. What ETFs hold California Resources' stock? 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). When did California Resources' stock split? 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. 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 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. 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. This page (NYSE:CRC) was last updated on 12/11/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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