Top-Rated Dividend StocksTop-Rated DividendNYSE:CRC California Resources (CRC) Stock Forecast, Price & News $57.75 +1.45 (+2.58%) (As of 09/27/2023 ET) Add Compare Share Share Today's Range$57.10▼$58.4450-Day Range$48.12▼$57.9952-Week Range$34.02▼$58.44Volume521,196 shsAverage Volume830,813 shsMarket Capitalization$3.98 billionP/E Ratio4.76Dividend Yield1.96%Price Target$64.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media California Resources MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside10.7% Upside$64.67 Price TargetShort InterestHealthy9.35% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.39Based on 10 Articles This WeekInsider TradingN/AProj. Earnings Growth20.45%From $4.94 to $5.95 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.87 out of 5 starsOils/Energy Sector47th out of 245 stocksCrude Petroleum & Natural Gas Industry29th out of 81 stocks 3.5 Analyst's Opinion Consensus RatingCalifornia Resources has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 7 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $64.67, California Resources has a forecasted upside of 10.7% from its current price of $58.40.Amount of Analyst CoverageCalifornia Resources has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted9.35% of the float of California Resources has been sold short.Short Interest Ratio / Days to CoverCalifornia Resources has a short interest ratio ("days to cover") of 8.5.Change versus previous monthShort interest in California Resources has recently decreased by 12.92%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldCalifornia Resources pays a meaningful dividend of 2.00%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCalifornia Resources has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of California Resources is 9.32%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, California Resources will have a dividend payout ratio of 18.99% next year. This indicates that California Resources will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CRC. Previous Next 1.9 News and Social Media Coverage News SentimentCalifornia Resources has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.73 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 10 news articles for California Resources this week, compared to 3 articles on an average week.Search InterestOnly 4 people have searched for CRC on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added California Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, California Resources insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.03% of the stock of California Resources is held by insiders.Percentage Held by Institutions97.79% of the stock of California Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for California Resources are expected to grow by 20.45% in the coming year, from $4.94 to $5.95 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of California Resources is 4.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.05.Price to Earnings Ratio vs. SectorThe P/E ratio of California Resources is 4.81, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 10.05.Price to Book Value per Share RatioCalifornia Resources has a P/B Ratio of 2.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About California Resources (NYSE:CRC) StockCalifornia Resources Corporation operates as an independent oil and natural gas exploration and production 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 local utility and the grid. The company was incorporated in 2014 and is based in Long Beach, California.Read More CRC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CRC Stock News HeadlinesSeptember 26, 2023 | americanbankingnews.comCalifornia Resources Co. (NYSE:CRC) Given Consensus Rating of "Buy" by AnalystsSeptember 26, 2023 | americanbankingnews.comCalifornia Resources' (CRC) "Buy" Rating Reaffirmed at MizuhoSeptember 27, 2023 | Legacy Research (Ad)ATTENTION: Digital Dollar Could Send this $0.25 Play SkyrocketingIn just a few days, the U.S. government could announce this mandatory recall on the U.S. dollar… And replace it with a new digital dollar. And that could send this $0.25 alternative investment skyrocketing.September 23, 2023 | americanbankingnews.comCalifornia Resources (NYSE:CRC) Given "Buy" Rating at Roth MkmSeptember 23, 2023 | americanbankingnews.comAnalyzing California Resources (NYSE:CRC) & Hempstract (OTCMKTS:HPST)September 19, 2023 | americanbankingnews.comCalifornia Resources (NYSE:CRC) Price Target Raised to $70.00September 19, 2023 | americanbankingnews.comUniversal Energy (OTCMKTS:UVSE) vs. California Resources (NYSE:CRC) Financial SurveySeptember 18, 2023 | finance.yahoo.comAre Robust Financials Driving The Recent Rally In California Resources Corporation's (NYSE:CRC) Stock?September 27, 2023 | Chaikin Analytics (Ad)Buy This Stock for AI Tidal Wave (not NVDA)The internet boom made more millionaires than any tech - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.September 13, 2023 | msn.comCalifornia Resources: Carbon Capture And Potential Separation From Oil ProductionAugust 28, 2023 | finance.yahoo.comCalifornia Resources Corporation (NYSE:CRC) Looks Interesting, And It's About To Pay A DividendAugust 23, 2023 | msn.comPickering Energy Partners Initiates Coverage of California Resources Corporation - (CRC) with Outperform RecommendationAugust 21, 2023 | markets.businessinsider.comWhat 7 Analyst Ratings Have To Say About California ResourcesAugust 12, 2023 | finance.yahoo.comAn Intrinsic Calculation For California Resources Corporation (NYSE:CRC) Suggests It's 44% UndervaluedAugust 11, 2023 | benzinga.comCarbon TerraVault's California DAC Hub Consortium Selected for U.S. DOE Funding to Bring Direct Air Capture and Storage to the Golden StateAugust 11, 2023 | finance.yahoo.comCarbon TerraVault’s California DAC Hub Consortium Selected for U.S. DOE Funding to Bring Direct Air Capture and Storage to the Golden StateAugust 2, 2023 | markets.businessinsider.comMizuho Securities Reaffirms Their Buy Rating on California Resources Corp (CRC)August 2, 2023 | finance.yahoo.comQ2 2023 California Resources Corp Earnings CallAugust 1, 2023 | msn.comB of A Securities Maintains California Resources Corporation - (CRC) Buy RecommendationAugust 1, 2023 | finance.yahoo.comVerde Clean Fuels Announces Carbon Capture Agreement for Renewable Gasoline Plant in CaliforniaAugust 1, 2023 | seekingalpha.comCalifornia Resources Corporation 2023 Q2 - Results - Earnings Call PresentationAugust 1, 2023 | finance.yahoo.comCalifornia Resources Corporation Reports Strong Second Quarter 2023 Financial Results and Provides Updates on Carbon Management BusinessAugust 1, 2023 | finance.yahoo.comCalifornia Resources Corporation (CRC) Q2 Earnings and Revenues Lag EstimatesJuly 28, 2023 | fool.comCalifornia Resources (NYSE: CRC)July 26, 2023 | msn.comStifel Maintains California Resources Corporation - (CRC) Buy RecommendationJuly 24, 2023 | finance.yahoo.comEarnings Preview: California Resources Corporation (CRC) Q2 Earnings Expected to DeclineJuly 21, 2023 | finance.yahoo.comIs Oceaneering (OII) Poised for a Robust Q2 Earnings Show?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. Email Address CRC Company Calendar Last Earnings7/31/2023Ex-Dividend for 9/15 Dividend8/31/2023Dividend Payable9/15/2023Today9/27/2023Next Earnings (Estimated)11/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Crude petroleum & natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:CRC CUSIPN/A CIK1609253 Webwww.crc.com Phone888-848-4754FaxN/AEmployees1,060Year FoundedN/APrice Target and Rating Average Stock Price Forecast$64.67 High Stock Price Forecast$70.00 Low Stock Price Forecast$56.00 Forecasted Upside/Downside+11.5%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$12.13 Trailing P/E Ratio4.77 Forward P/E Ratio11.71 P/E GrowthN/ANet Income$524 million Net Margins26.50% Pretax Margin35.27% Return on Equity21.97% Return on Assets10.98% Debt Debt-to-Equity Ratio0.28 Current Ratio1.49 Quick Ratio1.37 Sales & Book Value Annual Sales$2.71 billion Price / Sales1.47 Cash Flow$8.09 per share Price / Cash Flow7.15 Book Value$25.37 per share Price / Book2.28Miscellaneous Outstanding Shares68,960,000Free Float68,941,000Market Cap$3.99 billion OptionableOptionable Beta1.16 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. Francisco J. Leon (Age 46)CEO, Pres & Director Comp: $1.4MMr. Michael L. Preston (Age 58)Exec. VP, Chief Strategy Officer & Gen. Counsel Comp: $1.38MMr. Jay A. Bys (Age 57)Exec. VP & Chief Commercial Officer Comp: $1.34MMr. Manuela MolinaExec. VP & CFOMr. Omar Hayat (Age 47)Exec. VP of Operations Ms. Noelle M. Repetti (Age 53)Sr. VP, Controller & Principal Accounting Officer Cynthia J. JohnsonChief Information Officer & VPJoanna ParkVP of Investor RelationsRichard VennDirector of CommunicationsMs. Alana A. SotiriVP of HRMore ExecutivesKey CompetitorsNorthern Oil and GasNYSE:NOGEnerplusNYSE:ERFCNX ResourcesNYSE:CNXCrescent Point EnergyNYSE:CPGKosmos EnergyNYSE:KOSView All CompetitorsInstitutional OwnershipBarclays PLCSold 26,752 shares on 9/21/2023Ownership: 0.121%Davidson Kempner Capital Management LPSold 403,989 shares on 9/12/2023Ownership: 0.940%Alberta Investment Management CorpBought 6,036 shares on 8/24/2023Ownership: 0.068%California State Teachers Retirement SystemSold 1,908 shares on 8/21/2023Ownership: 0.103%Teachers Retirement System of The State of KentuckyBought 17,662 shares on 8/21/2023Ownership: 0.026%View All Institutional Transactions CRC Stock - Frequently Asked Questions Should I buy or sell California Resources stock right now? 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CRC shares. View CRC analyst ratings or view top-rated stocks. What is California Resources' stock price forecast for 2023? 7 equities research analysts have issued 12 month target prices for California Resources' stock. Their CRC share price forecasts range from $56.00 to $70.00. On average, they predict the company's share price to reach $64.67 in the next year. This suggests a possible upside of 11.7% 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 2023? California Resources' stock was trading at $43.51 on January 1st, 2023. Since then, CRC stock has increased by 33.0% and is now trading at $57.87. View the best growth stocks for 2023 here. Are investors shorting California Resources? California Resources saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 5,390,000 shares, a decline of 12.9% from the August 31st total of 6,190,000 shares. Based on an average daily trading volume, of 637,500 shares, the short-interest ratio is currently 8.5 days. Approximately 9.4% of the company's 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 Thursday, November 2nd 2023. View our CRC earnings forecast. How were California Resources' earnings last quarter? California Resources Co. (NYSE:CRC) issued its quarterly 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 earned $591 million during the quarter, compared to analyst estimates 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 in the prior year, the business earned $1.13 EPS. How often does California Resources pay dividends? What is the dividend yield for California Resources? California Resources declared a quarterly dividend on Friday, July 28th. Stockholders of record on Friday, September 1st will be given a dividend of $0.2825 per share on Friday, September 15th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, August 31st. This is an increase from the stock's previous quarterly dividend of $0.28. Read our dividend analysis for CRC. What ETFs hold California Resources' stock? 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). Is California Resources a good dividend stock? California Resources (NYSE:CRC) pays an annual dividend of $1.13 per share and currently has a dividend yield of 2.00%. 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. When did California Resources' stock split? California Resources's stock reverse split before market open 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 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. 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). What is California Resources' stock symbol? California Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRC." Who are California Resources' major shareholders? California Resources' stock is owned by a variety of retail and institutional investors. Top institutional investors 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. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is California Resources' stock price today? One share of CRC stock can currently be purchased for approximately $57.87. How much money does California Resources make? California Resources (NYSE:CRC) has a market capitalization of $3.99 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. How many employees does California Resources have? The company employs 1,060 workers across the globe. How can I contact California Resources? 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. This page (NYSE:CRC) was last updated on 9/27/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding California Resources Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.