California Resources Corp Company Profile (NYSE:CRC)

About California Resources Corp

California Resources Corp logoCalifornia Resources Corporation is an independent oil and natural gas exploration and production company, with operating properties within the State of California. The Company produces approximately 160 thousand barrels of oil equivalent per day (MBoe/d). It has net proved reserves of over 640 million barrels of oil equivalent (MMBoe). It operates approximately three drilling rigs across the state with over two located in the San Joaquin basin (steamflood activities) and approximately one in the Los Angeles basin (waterflood activities). It has drilled over 290 gross development wells with over 250 wells in the San Joaquin basin and approximately 30 wells in the Los Angeles basin. It has also drilled approximately three exploration wells in the San Joaquin basin. Its operations include approximately 140 fields with over 9,070 gross active wellbores. It sells its crude oil, natural gas and natural gas liquids production to marketers, California refineries and other purchasers.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Independent Oil & Gas
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: CRC
  • CUSIP:
Key Metrics:
  • Previous Close: $17.87
  • 50 Day Moving Average: $19.97
  • 200 Day Moving Average: $15.35
  • 52-Week Range: $6.70 - $25.50
  • Trailing P/E Ratio: 2.77
  • Foreward P/E Ratio: -13.96
  • P/E Growth: 0.50
  • Market Cap: $796.81M
  • Outstanding Shares: 41,217,000
  • Beta: 6.79
Profitability:
  • Net Margins: -176.16%
  • Return on Assets: -4.83%
Debt:
  • Debt-to-Equity Ratio: -10.49%
  • Current Ratio: 0.54%
  • Quick Ratio: 0.45%
Additional Links:
Companies Related to California Resources Corp:

Analyst Ratings

Consensus Ratings for California Resources Corp (NYSE:CRC) (?)
Ratings Breakdown: 2 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $15.50 (13.26% downside)

Analysts' Ratings History for California Resources Corp (NYSE:CRC)
Show:
DateFirmActionRatingPrice TargetDetails
11/22/2016Morgan StanleyUpgradeUnderweight -> Equal Weight$18.00 -> $21.00View Rating Details
3/2/2016Societe GeneraleDowngradeBuy -> Hold$10.00View Rating Details
2/23/2016Bank of America CorpDowngradeBuy -> Neutral$20.00View Rating Details
1/26/2016Susquehanna Bancshares IncLower Price TargetNeutral$20.00 -> $15.00View Rating Details
12/4/2015BTIG ResearchReiterated RatingBuy$60.00View Rating Details
11/23/2015Ladenburg Thalmann Financial ServicesInitiated CoverageBuy$70.00View Rating Details
9/25/2015Johnson RiceInitiated CoverageAccumulateView Rating Details
6/8/2015Goldman Sachs Group IncInitiated CoverageSellView Rating Details
(Data available from 3/1/2015 forward)

Earnings

Earnings History for California Resources Corp (NYSE:CRC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/3/2017        
2/16/2017Q416($1.61)($1.76)$468.41 million$452.00 millionViewListenView Earnings Details
11/3/2016Q316($1.55)($1.75)$820.00 millionViewListenView Earnings Details
8/4/2016Q216($1.49)($1.80)$437.47 million$317.00 millionViewListenView Earnings Details
5/5/2016Q116($0.31)($0.26)$423.86 million$322.00 millionViewListenView Earnings Details
2/29/2016Q415($0.24)($0.20)$558.33 million$566.00 millionViewListenView Earnings Details
11/5/2015Q315($0.28)($0.22)$556.95 million$626.00 millionViewListenView Earnings Details
8/6/2015Q215($0.18)($0.18)$601.80 million$634.00 millionViewListenView Earnings Details
4/30/2015Q1($0.26)($0.25)ViewListenView Earnings Details
2/19/2015$0.07($0.02)ViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for California Resources Corp (NYSE:CRC)
Current Year EPS Consensus Estimate: $-1.77 EPS
Next Year EPS Consensus Estimate: $-1.28 EPS

Dividends

Current Dividend Information for California Resources Corp (NYSE:CRC)
Annual Dividend:$0.00
Dividend Yield:0.00%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:0.00% (Based on Trailing 12 Months of Earnings)
0.00% (Based on Current Year Consensus EPS Estimate)
0.00% (Based on Next Year Consensus EPS Estimate)

Dividend History for California Resources Corp (NYSE:CRC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/6/2015quarterly$0.010.86%9/8/20159/10/201510/15/2015
5/8/2015quarterly$0.010.49%6/8/20156/10/20157/15/2015
3/2/2015special$0.013/6/20153/10/20154/15/2015
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for California Resources Corp (NYSE:CRC)
Insider Ownership Percentage: 1.08%
Institutional Ownership Percentage: 82.30%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/7/2016Robert A BarnesEVPBuy4,800$2.11$10,128.00View SEC Filing  
3/4/2016Charles F WeissEVPBuy8,000$1.35$10,800.00View SEC Filing  
3/3/2016Todd A. StevensCEOBuy11,500$0.85$9,775.00View SEC Filing  
8/14/2015Roy PineciEVPBuy1,000$3.98$3,980.00View SEC Filing  
8/12/2015Robert A BarnesEVPBuy2,450$4.07$9,971.50View SEC Filing  
8/11/2015Todd A StevensCEOBuy10,000$4.00$40,000.00View SEC Filing  
5/5/2015Justin A GannonDirectorBuy10,000$8.91$89,100.00View SEC Filing  
3/5/2015Todd A StevensCEOBuy13,500$7.31$98,685.00View SEC Filing  
3/2/2015Robert A BarnesEVPBuy17,000$7.25$123,250.00View SEC Filing  
12/12/2014Roy PineciEVPBuy15,000$5.61$84,150.00View SEC Filing  
12/9/2014William E AlbrechtChairmanBuy20,000$5.75$115,000.00View SEC Filing  
12/5/2014Harold M KorellDirectorBuy100,000$6.31$631,000.00View SEC Filing  
12/5/2014Michael L PrestonEVPBuy12,000$6.41$76,920.00View SEC Filing  
12/5/2014Michael S HelmVPBuy5,500$6.75$37,125.00View SEC Filing  
12/2/2014Roy PineciVPBuy15,000$7.19$107,850.00View SEC Filing  
12/1/2014William E AlbrechtChairmanBuy20,000$7.48$149,600.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for California Resources Corp (NYSE:CRC)
DateHeadline
marketrealist.com logoWhat’s ConocoPhillips Stock’s Price Range Forecast for the Week? (NYSE:CRC)
marketrealist.com - February 28 at 12:02 PM
us.rd.yahoo.com logoComparing W&T Offshore’s Short Interest (NYSE:CRC)
us.rd.yahoo.com - February 27 at 4:34 PM
fool.com logoThese 3 Stocks Quadrupled in a Single Year (NYSE:CRC)
www.fool.com - February 25 at 4:16 PM
4-traders.com logoCalifornia Resources : Program enlightens students on energy careers (NYSE:CRC)
www.4-traders.com - February 25 at 2:42 AM
News IconNotable Analysts Assessment of Stock: California Resources Corporation (NYSE:CRC) (NYSE:CRC)
nyhetsbanken.info - February 25 at 2:42 AM
News IconThe California Resources Corporation (CRC) Bonds Drop 1% During Trading (NYSE:CRC)
cloudhostinghq.net - February 25 at 2:42 AM
News IconCalifornia Resources Corporation (NYSE:CRC) predictive Earnings Analysis (NYSE:CRC)
brassale.net - February 25 at 2:42 AM
marketwatch.com logo10-K: CALIFORNIA RESOURCES CORP (NYSE:CRC)
www.marketwatch.com - February 24 at 4:39 PM
News IconFeatured Stock for Investors: California Resources Corporation (NYSE:CRC) (NYSE:CRC)
latribunadecanarias.com - February 24 at 4:39 PM
4-traders.com logoCalifornia Resources : Employees pitch in during blood drive (NYSE:CRC)
www.4-traders.com - February 24 at 4:39 PM
News IconThe California Resources Corporation (CRC) Bonds Trading 1.1% Higher Earnings (NYSE:CRC)
eleganthomesinla.com - February 24 at 4:39 PM
biz.yahoo.com logoCALIFORNIA RESOURCES CORP Files SEC form 10-K, Annual Report (NYSE:CRC)
biz.yahoo.com - February 24 at 4:39 PM
News IconFiscal Year Earnings Estimate on California Resources Corporation(CRC) - Money Flow Index & Trends (NYSE:CRC)
www.moneyflowtrends.com - February 24 at 12:12 PM
businesswire.com logoCalifornia Resources Corporation to Present at Upcoming Industry Conferences in March and Announces Analyst Day ... - Business Wire (press release) (NYSE:CRC)
www.businesswire.com - February 24 at 12:12 PM
marketrealist.com logoEncana’s Stock Price Forecast: Implied Volatility (NYSE:CRC)
marketrealist.com - February 23 at 4:27 PM
marketrealist.com logoMarathon Oil’s Stock Price Forecast Using Implied Volatility (NYSE:CRC)
marketrealist.com - February 22 at 4:41 PM
capitalcube.com logoCalifornia Resources Corp. :CRC-US: Earnings Analysis: Q4, 2016 By the Numbers : February 22, 2017 (NYSE:CRC)
www.capitalcube.com - February 22 at 4:41 PM
finance.yahoo.com logoCalifornia Resources Corporation to Present at Upcoming Industry Conferences in March and Announces Analyst Day Webcast (NYSE:CRC)
finance.yahoo.com - February 22 at 4:41 PM
us.rd.yahoo.com logoDevon Energy’s Stock Price Forecast Using Implied Volatility (NYSE:CRC)
us.rd.yahoo.com - February 21 at 4:54 PM
marketrealist.com logoWhy Oil-Weighted Stocks Could Outperform (NYSE:CRC)
marketrealist.com - February 21 at 4:54 PM
News IconCalifornia Resources To Accelerate Activity With $250 Million JV (NYSE:CRC)
xboxonezone.com - February 18 at 4:17 PM
News IconCalifornia Resources Corporation (CRC) Trading Down 6.8% After Earnings Miss (NYSE:CRC)
hoyentv.com - February 18 at 4:17 PM
News IconBRIEF-California Resources reports JV to invest $250 mln in oil & gas properties (NYSE:CRC)
www.businessinsider.com - February 17 at 5:45 PM
News IconCalifornia Resources In Black, Sets $250M Joint Venture (NYSE:CRC)
www.naturalgasintel.com - February 17 at 5:45 PM
seekingalpha.com logoCalifornia Resources gets up to $250M JV investment (NYSE:CRC)
seekingalpha.com - February 17 at 5:45 PM
marketexclusive.com logoCalifornia Resources Corporation (NYSE:CRC) Files An 8-K Entry into a Material Definitive Agreement (NYSE:CRC)
marketexclusive.com - February 17 at 5:45 PM
us.rd.yahoo.com logoEdited Transcript of CRC earnings conference call or presentation 16-Feb-17 10:00pm GMT (NYSE:CRC)
us.rd.yahoo.com - February 17 at 5:45 PM
News IconCalifornia Resources Announces Losses, Joint Venture (NYSE:CRC)
sfvbj.com - February 16 at 9:35 PM
News IconCalifornia Resources Announces Losses, Joint Venture (NYSE:CRC)
sfvbj.com - February 16 at 9:35 PM
streetinsider.com logoCalifornia Resources (CRC) Announces JV to Invest $250M in Oil & Gas Properties (NYSE:CRC)
www.streetinsider.com - February 16 at 9:35 PM
streetinsider.com logoCalifornia Resources (CRC) Announces JV to Invest $250M in Oil & Gas Properties (NYSE:CRC)
www.streetinsider.com - February 16 at 9:35 PM
streetinsider.com logoCalifornia Resources (CRC) Announces JV to Invest $250M in Oil & Gas Properties (NYSE:CRC)
www.streetinsider.com - February 16 at 9:35 PM
4-traders.com logoCalifornia Resources : reports 4Q loss (NYSE:CRC)
www.4-traders.com - February 16 at 9:35 PM
4-traders.com logoCalifornia Resources : reports 4Q loss (NYSE:CRC)
www.4-traders.com - February 16 at 9:35 PM
us.rd.yahoo.com logo4:18 pm California Resources Corp announces a joint venture with Benefit Street Partners to invest $250 mln in oil & gas properties (NYSE:CRC)
us.rd.yahoo.com - February 16 at 9:35 PM
us.rd.yahoo.com logo4:18 pm California Resources Corp announces a joint venture with Benefit Street Partners to invest $250 mln in oil & gas properties (NYSE:CRC)
us.rd.yahoo.com - February 16 at 9:35 PM
us.rd.yahoo.com logo4:18 pm California Resources Corp announces a joint venture with Benefit Street Partners to invest $250 mln in oil & gas properties (NYSE:CRC)
us.rd.yahoo.com - February 16 at 9:35 PM
biz.yahoo.com logoCalifornia Resources Corp Earnings Call scheduled for 5:00 pm ET today (NYSE:CRC)
us.rd.yahoo.com - February 16 at 9:35 PM
biz.yahoo.com logoCalifornia Resources Corp Earnings Call scheduled for 5:00 pm ET today (NYSE:CRC)
us.rd.yahoo.com - February 16 at 9:35 PM
sg.finance.yahoo.com logoCalifornia Resources reports 4Q loss (NYSE:CRC)
sg.finance.yahoo.com - February 16 at 9:35 PM
sg.finance.yahoo.com logoCalifornia Resources reports 4Q loss (NYSE:CRC)
sg.finance.yahoo.com - February 16 at 9:35 PM
finance.yahoo.com logoCalifornia Resources Corporation Announces Fourth Quarter 2016 and Year End Results, 2016 Reserves and 2017 Capital Plan (NYSE:CRC)
finance.yahoo.com - February 16 at 4:34 PM
finance.yahoo.com logoCalifornia Resources Corporation Announces Joint Venture to Invest $250 Million in Oil & Gas Properties (NYSE:CRC)
finance.yahoo.com - February 16 at 4:34 PM
biz.yahoo.com logoCALIFORNIA RESOURCES CORP Files SEC form 8-K, Entry into a Material Definitive Agreement (NYSE:CRC)
biz.yahoo.com - February 16 at 4:34 PM
marketrealist.com logoOXY’s Stock Price Forecast Using Implied Volatility (NYSE:CRC)
marketrealist.com - February 16 at 11:54 AM
biz.yahoo.com logoQ4 2016 California Resources Corp Earnings Release - After Market Close (NYSE:CRC)
biz.yahoo.com - February 16 at 11:54 AM
News IconCalifornia Resources Corporation (CRC) Bond Prices Fall 1.1% (NYSE:CRC)
www.graffiotech.com - February 14 at 10:21 PM
News IconAnalyst Observation On 2 Stocks: Tronox Limited (TROX), California Resources Corporation (CRC) - Post Analyst (NYSE:CRC)
postanalyst.com - February 14 at 5:19 PM
istreetwire.com logoStocks To Watch: Foot Locker, Inc. (FL), California Resources Corporation (CRC), KBR, Inc. (KBR) - iStreetWire (NYSE:CRC)
istreetwire.com - February 14 at 5:19 PM
News IconCalifornia Resources Corp Valuation – Initial Coverage $CRC (NYSE:CRC)
www.moderngraham.com - February 13 at 5:10 PM

Social

What is California Resources Corp's stock symbol?

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

When did California Resources Corp's stock split? How did California Resources Corp's stock split work?

California Resources Corp 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 California Resources Corp stock prior to the reverse split would have 10 shares after the split.

Where is California Resources Corp's stock going? Where will California Resources Corp's stock price be in 2017?

2 brokers have issued 12-month price objectives for California Resources Corp's stock. Their predictions range from $10.00 to $21.00. On average, they expect California Resources Corp's stock price to reach $15.50 in the next twelve months.

When will California Resources Corp announce their earnings?

California Resources Corp is scheduled to release their next quarterly earnings announcement on Wednesday, May, 3rd 2017.

Who owns California Resources Corp stock?

California Resources Corp's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include State Street Corp (6.69%), Soros Fund Management LLC (4.85%), Tide Point Capital Management LP (3.28%), Allianz Asset Management AG (1.33%), Arrowpoint Asset Management LLC (0.84%) and AQR Capital Management LLC (0.72%). Company insiders that own California Resources Corp stock include Charles F Weiss, Justin A Gannon, Robert A Barnes, Roy Pineci and Todd A Stevens.

Who sold California Resources Corp stock? Who is selling California Resources Corp stock?

California Resources Corp's stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Arrowpoint Asset Management LLC, Levin Capital Strategies L.P., AQR Capital Management LLC, Commerzbank Aktiengesellschaft FI, Gamco Investors INC. ET AL, Allianz Asset Management AG and Gabelli Funds LLC.

Who bought California Resources Corp stock? Who is buying California Resources Corp stock?

California Resources Corp's stock was purchased by a variety of institutional investors in the last quarter, including Tide Point Capital Management LP, Soros Fund Management LLC, Blockhouse Capital Management LP, Federated Investors Inc. PA, Russell Investments Group Ltd., Cadence Capital Management LLC, Koch Industries Inc. and Guggenheim Capital LLC. Company insiders that have bought California Resources Corp stock in the last two years include Charles F Weiss, Justin A Gannon, Robert A Barnes, Roy Pineci and Todd A Stevens.

How do I buy California Resources Corp stock?

Shares of California Resources Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of California Resources Corp stock cost?

One share of California Resources Corp stock can currently be purchased for approximately $17.87.

California Resources Corp (NYSE:CRC) Chart for Wednesday, March, 1, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for California Resources Corp (NYSE:CRC)

Earnings History Chart

Earnings by Quarter for California Resources Corp (NYSE:CRC)

Dividend History Chart

Dividend Payments by Quarter for California Resources Corp (NYSE:CRC)

Last Updated on 3/1/2017 by MarketBeat.com Staff