California Resources (CRC) Stock Forecast, Price & News

7 Wall Street 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 analysts is that investors should "buy" CRC shares.
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7 equities research analysts have issued 1-year price objectives for California Resources' shares. Their CRC share price forecasts range from $56.00 to $70.00. On average, they expect the company's share price to reach $64.50 in the next twelve months. This suggests a possible upside of 16.8% from the stock's current price.
View analysts price targets for CRC or view top-rated stocks among Wall Street analysts.

California Resources' stock was trading at $43.51 at the start of the year. Since then, CRC stock has increased by 27.0% and is now trading at $55.24.
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California Resources saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 6,190,000 shares, an increase of 11.1% from the August 15th total of 5,570,000 shares. Based on an average daily volume of 978,300 shares, the days-to-cover ratio is presently 6.3 days. Currently, 10.7% of the shares of the company are sold short.
View California Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our CRC earnings forecast.

California Resources Co. (NYSE:CRC) issued its earnings results on Monday, July, 31st. The oil and gas producer reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by $0.33. The oil and gas producer had revenue of $591 million for the quarter, compared to analysts' expectations of $535.59 million. California Resources had a net margin of 26.50% and a trailing twelve-month return on equity of 21.97%. The company's revenue for the quarter was down 20.9% on a year-over-year basis. During the same period last year, the business earned $1.13 earnings per share.

California Resources declared a quarterly dividend on Friday, July 28th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.2825 per share on Friday, September 15th. This represents a $1.13 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, August 31st. This is a boost from the stock's previous quarterly dividend of $0.28.
Read our dividend analysis for CRC.

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).

California Resources (NYSE:CRC) pays an annual dividend of $1.13 per share and currently has a dividend yield of 2.05%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 9.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRC will have a dividend payout ratio of 18.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRC.

California Resources's stock 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.

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).

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

California Resources' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.98%), State Street Corp (4.92%), Dimensional Fund Advisors LP (4.12%), Principal Financial Group Inc. (2.21%), LSV Asset Management (2.07%) and Geode Capital Management LLC (2.03%). 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, Todd A Stevens and William B Roby.
View institutional ownership trends.

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.
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One share of CRC stock can currently be purchased for approximately $55.24.

California Resources (NYSE:CRC) has a market capitalization of $3.81 billion and generates $2.71 billion in revenue each year. The oil and gas producer earns $524 million in net income (profit) each year or $12.13 on an earnings per share basis.

The company employs 1,060 workers across the globe.

California Resources' mailing address is 27200 TOURNEY ROAD SUITE 200, SANTA CLARITA CA, 91355. The official website for the company is www.crc.com. The oil and gas producer can be reached via phone at 888-848-4754 or via email at scott.espenshade@crc.com.