S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Prologis Stock Leading U.S. Logistics Boom
Abbott Laboratories Outlook is Healthy: Buy the Dip
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Prologis Stock Leading U.S. Logistics Boom
Abbott Laboratories Outlook is Healthy: Buy the Dip
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Prologis Stock Leading U.S. Logistics Boom
Abbott Laboratories Outlook is Healthy: Buy the Dip
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Prologis Stock Leading U.S. Logistics Boom
Abbott Laboratories Outlook is Healthy: Buy the Dip

California Resources (CRC) Stock Price, News & Analysis

$53.81
-1.32 (-2.39%)
(As of 04/17/2024 ET)
Today's Range
$53.65
$55.48
50-Day Range
$48.34
$56.92
52-Week Range
$37.21
$58.44
Volume
510,731 shs
Average Volume
929,432 shs
Market Capitalization
$3.70 billion
P/E Ratio
6.97
Dividend Yield
2.30%
Price Target
$63.43

California Resources MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
16.2% Upside
$63.43 Price Target
Short Interest
Bearish
12.48% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.50mentions of California Resources in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
46.17%
From $4.57 to $6.68 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.

2.98 out of 5 stars

Oils/Energy Sector

125th out of 235 stocks

Crude Petroleum & Natural Gas Industry

44th out of 75 stocks

CRC stock logo

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.

CRC Stock Price History

CRC Stock News Headlines

California Resources Corp Ordinary Shares - New
Top 5 AI Stocks to Buy for 2024
5 Best AI Stocks to Invest In Investors are getting very rich in AI stocks right now. Wall Street legend is giving away the name and ticker of the little-known AI stock Wall Street is currently buying hand-over-fist.
California Resources (NYSE:CRC) Now Covered by Barclays
California Resources Corp (CRC) Gets a Buy from Stifel Nicolaus
Top 5 AI Stocks to Buy for 2024
5 Best AI Stocks to Invest In Investors are getting very rich in AI stocks right now. Wall Street legend is giving away the name and ticker of the little-known AI stock Wall Street is currently buying hand-over-fist.
California Resources Corp.
Carbon TerraVault Provides 2023 Update
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

Last Earnings
2/27/2024
Ex-Dividend for 3/18 Dividend
3/05/2024
Dividend Payable
3/18/2024
Today
4/17/2024
Next Earnings (Confirmed)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Fax
N/A
Employees
970
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$63.43
High Stock Price Target
$70.00
Low Stock Price Target
$56.00
Potential Upside/Downside
+16.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$564 million
Pretax Margin
26.70%

Debt

Sales & Book Value

Annual Sales
$2.80 billion
Cash Flow
$8.64 per share
Book Value
$32.34 per share

Miscellaneous

Free Float
68,329,000
Market Cap
$3.75 billion
Optionable
Optionable
Beta
1.02
5G Stocks: The Path Forward is Profitable Cover

Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report

Key Executives

  • Mr. Francisco J. Leon (Age 47)
    CEO, President & Director
    Comp: $2.5M
  • Mr. Manuela Molina
    Executive VP & CFO
  • Mr. Michael L. Preston (Age 59)
    Executive VP, Chief Strategy Officer & General Counsel
    Comp: $1.91M
  • Mr. Jay A. Bys (Age 58)
    Executive VP & Chief Commercial Officer
    Comp: $1.75M
  • Mr. Chris D. Gould (Age 53)
    Executive VP & Chief Sustainability Officer
    Comp: $1.79M
  • Mr. Omar Hayat (Age 47)
    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

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 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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?

7 Wall Street research analysts have issued 1 year price objectives for California Resources' stock. Their CRC share price targets range from $56.00 to $70.00. On average, they expect the company's stock price to reach $63.43 in the next twelve months. This suggests a possible upside of 16.2% 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 2024?

California Resources' stock was trading at $54.68 on January 1st, 2024. Since then, CRC stock has decreased by 0.1% and is now trading at $54.60.
View the best growth stocks for 2024 here
.

Are investors shorting California Resources?

California Resources saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 7,200,000 shares, an increase of 29.3% from the March 15th total of 5,570,000 shares. Based on an average daily trading volume, of 978,800 shares, the days-to-cover ratio is currently 7.4 days. Approximately 12.5% of the shares of the stock are short sold.
View California Resources' Short Interest
.

When is California Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our CRC earnings forecast
.

How can I listen to California Resources' earnings call?

California Resources will be holding an earnings conference call on Wednesday, May 8th at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link.

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 firm's revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 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 Tuesday, February 27th. Stockholders of record on Wednesday, March 6th will be given a dividend of $0.31 per share on Monday, March 18th. This represents a $1.24 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend 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 2.25%. 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 18.56% 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's stock 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 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.

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 institutional and retail investors. Top institutional shareholders include Hennessy Advisors Inc. (0.63%). 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 4/17/2024 by MarketBeat.com Staff

From Our Partners