NYSE:CRC - California Resources Stock Price, News, & Analysis

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$27.05 +1.86 (+7.38 %)
(As of 03/20/2019 04:00 PM ET)
Previous Close$25.19
Today's Range$25.03 - $27.65
52-Week Range$13.48 - $50.34
Volume3.10 million shs
Average Volume2.15 million shs
Market Capitalization$1.32 billion
P/E Ratio21.99
Dividend YieldN/A
Beta4.76
California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. The company sells crude oil, natural gas, and natural gas liquids to marketers, California refineries, and other purchasers that have access to transportation and storage facilities. It holds interests in approximately 2.3 million net acres of mineral acreage. As of December 31, 2017, the company had net proved reserves of 618 million barrels of oil equivalent. It also generates and sells electricity to the grid and utility customers. The company was founded in 2014 and is based in Los Angeles, California.

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Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone888-848-4754

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.06 billion
Cash Flow$10.82 per share
Book Value($5.08) per share

Profitability

Net Income$328 million

Miscellaneous

Employees1,500
Market Cap$1.32 billion
Next Earnings Date5/2/2019 (Estimated)
OptionableOptionable

California Resources (NYSE:CRC) Frequently Asked Questions

What is California Resources' stock symbol?

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

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

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

How were California Resources' earnings last quarter?

California Resources Corp (NYSE:CRC) posted its quarterly earnings results on Wednesday, February, 27th. The oil and gas producer reported $0.53 EPS for the quarter, topping the consensus estimate of $0.03 by $0.50. The oil and gas producer earned $1.08 billion during the quarter, compared to analyst estimates of $658.79 million. California Resources had a net margin of 10.70% and a negative return on equity of 11.34%. The company's revenue was up 136.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.33) earnings per share. View California Resources' Earnings History.

When is California Resources' next earnings date?

California Resources is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for California Resources.

What price target have analysts set for CRC?

4 brokers have issued 12-month target prices for California Resources' stock. Their predictions range from $36.00 to $55.00. On average, they anticipate California Resources' share price to reach $44.00 in the next year. This suggests a possible upside of 62.7% from the stock's current price. View Analyst Price Targets for California Resources.

What is the consensus analysts' recommendation for California Resources?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for California Resources.

Has California Resources been receiving favorable news coverage?

News headlines about CRC stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. California Resources earned a news sentiment score of 1.3 on InfoTrie's scale. They also assigned media coverage about the oil and gas producer a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company's share price in the next several days.

Who are some of California Resources' key competitors?

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 Occidental Petroleum (OXY), General Electric (GE), Bank of America (BAC), Cisco Systems (CSCO), Advanced Micro Devices (AMD), Intel (INTC), Energy Transfer LP Unit (ET), Celgene (CELG), Kinder Morgan (KMI) and Walmart (WMT).

Who are California Resources' key executives?

California Resources' management team includes the folowing people:
  • Mr. Todd A. Stevens, Pres, CEO & Director (Age 52)
  • Mr. Marshall D. Smith, Sr. EVP & CFO (Age 59)
  • Mr. Charles F. Weiss, Exec. VP of Public Affairs (Age 55)
  • Mr. Darren Williams, Exec. VP of Operations & Geoscience (Age 47)
  • Robert A. Barnes, Sr. Exec. Advisor (Age 62)

Who are California Resources' major shareholders?

California Resources' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.71%), Dimensional Fund Advisors LP (1.66%), Dimensional Fund Advisors LP (1.66%), FMR LLC (1.40%), Restructuring Capital Associates LP (1.29%) and Northern Trust Corp (1.16%). Company insiders that own California Resources stock include Harold M Korell, Harry T Mcmahon, Justin A Gannon and Todd A Stevens. View Institutional Ownership Trends for California Resources.

Which institutional investors are selling California Resources stock?

CRC stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Investments LP, Mackenzie Financial Corp, Two Sigma Advisers LP, Millennium Management LLC, Squarepoint Ops LLC, Commerzbank Aktiengesellschaft FI, California Public Employees Retirement System and MetLife Investment Advisors LLC. View Insider Buying and Selling for California Resources.

Which institutional investors are buying California Resources stock?

CRC stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, Elephas Investment Management Ltd, Pensionmark Financial Group LLC, BlackRock Inc., Prudential Financial Inc. and First Trust Advisors LP. Company insiders that have bought California Resources stock in the last two years include Harold M Korell, Harry T Mcmahon, Justin A Gannon and Todd A Stevens. View Insider Buying and Selling for California Resources.

How do I buy shares of California Resources?

Shares of CRC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is California Resources' stock price today?

One share of CRC stock can currently be purchased for approximately $27.05.

How big of a company is California Resources?

California Resources has a market capitalization of $1.32 billion and generates $3.06 billion in revenue each year. The oil and gas producer earns $328 million in net income (profit) each year or $1.23 on an earnings per share basis. California Resources employs 1,500 workers across the globe.

What is California Resources' official website?

The official website for California Resources is http://www.crc.com.

How can I contact California Resources?

California Resources' mailing address is 27200 TOURNEY ROAD SUITE 315, SANTA CLARITA CA, 91355. The oil and gas producer can be reached via phone at 888-848-4754 or via email at [email protected]


MarketBeat Community Rating for California Resources (NYSE CRC)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  255 (Vote Outperform)
Underperform Votes:  297 (Vote Underperform)
Total Votes:  552
MarketBeat's community ratings are surveys of what our community members think about California Resources and other stocks. Vote "Outperform" if you believe CRC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CRC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/20/2019 by MarketBeat.com Staff

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