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: $10.38
  • 50 Day Moving Average: $11.72
  • 200 Day Moving Average: $13.46
  • 52-Week Range: $2.81 - $51.50
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -11.04
  • P/E Growth: 0.05
  • Market Cap: $426.62M
  • Outstanding Shares: 41,100,000
  • Beta: 6.26
Additional Links:
Companies Related to California Resources Corp.:

Analyst Ratings

Consensus Ratings for California Resources Corp. (NYSE:CRC) (?)
Ratings Breakdown: 4 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $35.00 (237.19% upside)

Analysts' Ratings History for California Resources Corp. (NYSE:CRC)
Show:
DateFirmActionRatingPrice TargetDetails
3/2/2016Societe GeneraleDowngradeBuy -> Hold$10.00View Rating Details
2/23/2016Bank of America Corp.DowngradeBuy -> Neutral$20.00View Rating Details
1/26/2016SusquehannaLower Price TargetNeutral$20.00 -> $15.00View Rating Details
12/4/2015BTIG ResearchReiterated RatingBuy$60.00View Rating Details
11/23/2015Ladenburg ThalmannInitiated CoverageBuy$70.00View Rating Details
9/25/2015Johnson RiceInitiated CoverageAccumulateView Rating Details
6/8/2015Goldman Sachs Group Inc.Initiated CoverageSellView Rating Details
12/4/2014Raymond James Financial Inc.Initiated CoverageMarket PerformView Rating Details
12/1/2014Morgan StanleyInitiated CoverageUnderweightView Rating Details
(Data available from 8/30/2014 forward)

Earnings

Earnings History for California Resources Corp. (NYSE:CRC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/3/2016        
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: $-6.23 EPS
Next Year EPS Consensus Estimate: $-0.94 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)
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
News IconAnalysts Review on Trending Stock: California Resources Corp (NYSE:CRC) - Post Registrar (NYSE:CRC)
postregistrar.com - August 30 at 4:23 PM
finance.yahoo.com logoCalifornia Resources draws upside play (NYSE:CRC)
finance.yahoo.com - August 30 at 4:23 PM
moodys.com logoMoody's changes California Resources Corp.'s PDR to Caa2-PD/LD - Moodys.com (press release) (subscription) (NYSE:CRC)
www.moodys.com - August 27 at 4:13 PM
News IconSoCal Winter Contingency Plans Include Sempra LNG From North Baja (NYSE:CRC)
www.naturalgasintel.com - August 26 at 10:04 AM
moodys.com logoCalifornia Resources Corp. -- Moody's changes California Resources Corp.'s PDR to Caa2-PD/LD (NYSE:CRC)
www.moodys.com - August 25 at 9:20 AM
News IconNews Review: DRDGOLD Ltd. (ADR)(NYSE:DRD), California Resources Corp (NYSE:CRC) - NYSE Journal (press release) (NYSE:CRC)
stockznews.com - August 24 at 4:21 PM
biz.yahoo.com logoCALIFORNIA RESOURCES CORP Files SEC form 8-K/A, Financial Statements and Exhibits (NYSE:CRC)
biz.yahoo.com - August 18 at 4:26 PM
biz.yahoo.com logoCALIFORNIA RESOURCES CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financ (NYSE:CRC)
biz.yahoo.com - August 17 at 9:46 PM
News IconAnalysts Valuations For Two Stocks: California Resources Corp (NYSE:CRC), SunPower Corporation (NASDAQ:SPWR) - The Voice Registrar (NYSE:CRC)
voiceregistrar.com - August 16 at 8:29 AM
businesswire.com logoCalifornia Resources Corporation Announces Oversubscription of Its Tender Offer for Outstanding Notes and Expected ... - Business Wire (press release) (NYSE:CRC)
www.businesswire.com - August 16 at 8:29 AM
capitalcube.com logoCalifornia Resources Corp. breached its 50 day moving average in a Bullish Manner : CRC-US : August 16, 2016 (NYSE:CRC)
www.capitalcube.com - August 16 at 8:29 AM
finance.yahoo.com logoCalifornia Resources Corporation Announces Oversubscription of Its Tender Offer for Outstanding Notes and Expected ... - Yahoo Finance (NYSE:CRC)
finance.yahoo.com - August 15 at 4:33 PM
thestreet.com logoCalifornia Resources (CRC) Stock Climbs on Higher Oil Prices (NYSE:CRC)
www.thestreet.com - August 15 at 4:33 PM
finance.yahoo.com logoCALIFORNIA RESOURCES CORP Financials (NYSE:CRC)
finance.yahoo.com - August 13 at 4:23 PM
capitalcube.com logoETF’s with exposure to California Resources Corp. : August 11, 2016 (NYSE:CRC)
www.capitalcube.com - August 11 at 4:29 PM
capitalcube.com logoCalifornia Resources Corp. :CRC-US: Earnings Analysis: Q2, 2016 By the Numbers : August 10, 2016 (NYSE:CRC)
www.capitalcube.com - August 10 at 4:31 PM
News IconWorth Watching Stock: California Resources Corporation (NYSE:CRC) - Post Registrar (NYSE:CRC)
postregistrar.com - August 10 at 8:07 AM
equities.com logoCalifornia Resources Corporation (CRC) is Trading Higher on Unusual Volume for August 08 - Equities.com (NYSE:CRC)
www.equities.com - August 10 at 8:07 AM
fortune.com logoAnalyst Ratings Worth Watching: California Resources Corp (NYSE ... - Review Fortune (NYSE:CRC)
reviewfortune.com - August 9 at 5:25 PM
News IconCalifornia Resources Corp (NYSE:CRC) reported a loss in its second quarter. - Inside Trade (NYSE:CRC)
insidetrade.co - August 9 at 5:25 PM
News IconRevenue Estimates Analysis of: California Resources Corporation (NYSE:CRC) - News Oracle (NYSE:CRC)
www.newsoracle.com - August 9 at 5:25 PM
News IconBiggest Energy Movers: Callon Petroleum Company (NYSE:CPE), California Resources Corporation (NYSE:CRC) - TWN (NYSE:CRC)
thewellesleysnews.com - August 8 at 4:30 PM
News IconAT&T Inc. (NYSE:T) & California Resources Corp (NYSE:CRC) News Recap - Money News (press release) (NYSE:CRC)
www.newsismoney.com - August 8 at 4:30 PM
seekingalpha.com logoCalifornia Resources Corp.: The Tender Offer And The First Lien Second Out - Seeking Alpha (NYSE:CRC)
seekingalpha.com - August 8 at 4:30 PM
businesswire.com logoCalifornia Resources Corporation Announces Upsize of Its Offers to Purchase Outstanding Notes for Cash - Business Wire (press release) (NYSE:CRC)
www.businesswire.com - August 8 at 4:30 PM
twst.com logoCalifornia Resources Corporation: California Resources Corporation Announces Upsize of Its Offers to Purchase Outstanding Notes for Cash (NYSE:CRC)
www.twst.com - August 8 at 9:12 AM
publicnow.com logoCalifornia Resources Corporation Announces Upsize of Its Offers to Purchase Outstanding Notes for Cash (NYSE:CRC)
www.publicnow.com - August 8 at 9:12 AM
seekingalpha.com logoCalifornia Resources Corp. - Divestitures Are Needed As The Clock Keeps Ticking (NYSE:CRC)
seekingalpha.com - August 6 at 4:49 PM
News IconEarnings Expectations of the Stock: California Resources Corporation (NYSE:CRC), Ocean Power Technologies, Inc ... - News Oracle (NYSE:CRC)
www.newsoracle.com - August 5 at 9:43 PM
News IconStock Earnings on Trader's Radar: California Resources Corp (NYSE:CRC) - Post Registrar (NYSE:CRC)
postregistrar.com - August 5 at 9:43 PM
businesswire.com logoCalifornia Resources Corporation Announces New $1 Billion Term Loan - Business Wire (press release) (NYSE:CRC)
www.businesswire.com - August 5 at 9:43 PM
seekingalpha.com logoCalifornia Resources Corp. - Divestitures Are Needed As The Clock Keeps Ticking - Seeking Alpha (NYSE:CRC)
seekingalpha.com - August 5 at 9:43 PM
finance.yahoo.com logo5:49 pm California Resources Corp announces new $1 bln term loan (NYSE:CRC)
finance.yahoo.com - August 5 at 9:43 PM
publicnow.com logoCalifornia Resources Corporation Announces New $1 Billion Term Loan (NYSE:CRC)
www.publicnow.com - August 5 at 9:43 PM
seekingalpha.com logoCalifornia Resources' (CRC) CEO Todd Stevens on Q2 2016 Results - Earnings Call Transcript - Seeking Alpha (NYSE:CRC)
seekingalpha.com - August 5 at 11:13 AM
streetupdates.com logoAnalysts Actions to Focus: WPX Energy, Inc. (NYSE:WPX) , California Resources Corporation (NYSE:CRC) - Street Updates (NYSE:CRC)
www.streetupdates.com - August 5 at 11:13 AM
marketwatch.com logo10-Q: CALIFORNIA RESOURCES CORP (NYSE:CRC)
www.marketwatch.com - August 4 at 10:05 PM
finance.yahoo.com logoEdited Transcript of CRC earnings conference call or presentation 4-Aug-16 12:00pm GMT (NYSE:CRC)
finance.yahoo.com - August 4 at 10:05 PM
reuters.com logoBRIEF-California Resources Q2 loss per share $3.51 (NYSE:CRC)
www.reuters.com - August 4 at 4:35 PM
thestreet.com logoWill California Resources (CRC) Stock Be Hurt by Q2 Miss? (NYSE:CRC)
www.thestreet.com - August 4 at 4:35 PM
fool.com logoCalifornia Resources Corporation Wildly Misses Earnings Estimates, Shares Drop 11% (NYSE:CRC)
www.fool.com - August 4 at 1:13 PM
streetupdates.com logoTake a look at Analysts Tips: California Resources Corporation ... - Street Updates (NYSE:CRC)
www.streetupdates.com - August 4 at 10:38 AM
businesswire.com logoCalifornia Resources Corporation Announces Second Quarter 2016 Financial Results - Business Wire (press release) (NYSE:CRC)
www.businesswire.com - August 4 at 10:38 AM
sg.finance.yahoo.com logoCalifornia Resources reports 2Q loss (NYSE:CRC)
sg.finance.yahoo.com - August 4 at 10:38 AM
publicnow.com logoCalifornia Resources Corporation Announces Second Quarter 2016 Financial Results (NYSE:CRC)
www.publicnow.com - August 4 at 10:38 AM
biz.yahoo.com logoCalifornia Resources Corp Earnings Call scheduled for 8:00 am ET today (NYSE:CRC)
biz.yahoo.com - August 4 at 10:38 AM
twst.com logoCalifornia Resources Corporation: California Resources Corporation Announces New Time for Its Second Quarter 2016 Earnings Release and Conference Call (NYSE:CRC)
www.twst.com - August 3 at 10:37 AM
businesswire.com logoCalifornia Resources Corporation Announces New Time for Its Second Quarter 2016 Earnings Release and Conference Call (NYSE:CRC)
www.businesswire.com - August 3 at 10:37 AM
streetinsider.com logoS&P Downgrades California Resources (CRC) to 'CC'; Outlook is Negative - StreetInsider.com (NYSE:CRC)
www.streetinsider.com - August 2 at 9:58 PM
fortune.com logoLatest California Resources Corporation (NYSE:CRC) Target Price Suggests Stock Is Worth $22.5/Share - Review Fortune (NYSE:CRC)
reviewfortune.com - August 2 at 9:58 PM

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California Resources Corp. (NYSE:CRC) Chart for Tuesday, August, 30, 2016


Last Updated on 8/30/2016 by MarketBeat.com Staff