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: $12.30
  • 50 Day Moving Average: $11.08
  • 200 Day Moving Average: $13.69
  • 52-Week Range: $2.81 - $51.50
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -12.81
  • P/E Growth: 0.05
  • Market Cap: $505.53M
  • Outstanding Shares: 41,100,000
  • Beta: 6.23
Profitability:
  • Net Margins: -195.30%
  • Return on Equity: -42.69%
  • Return on Assets: -4.17%
Debt:
  • Debt-to-Equity Ratio: -5.59%
  • Current Ratio: 0.65%
  • Quick Ratio: 0.55%
Additional Links:
Companies Related to California Resources Corp.:

Analyst Ratings

Consensus Ratings for California Resources Corp. (NYSE:CRC) (?)
Ratings Breakdown: 3 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.40)
Consensus Price Target: $35.00 (184.55% 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 9/29/2014 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: $-6.72 EPS
Next Year EPS Consensus Estimate: $-0.96 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)
Insider Ownership Percentage: 1.08%
Institutional Ownership Percentage: 66.07%
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 Advise About Antero Resources Corp (NYSE:AR) (NYSE:CRC)
myhealthbowl.com - September 29 at 4:17 PM
News IconCalifornia Resources Corp (NYSE:CRC) Updated Broker Ratings - Cosumnes Connection (subscription) (NYSE:CRC)
crcconnection.com - September 29 at 9:22 AM
News Icon2 Stocks Analyst-Opinion Need Close Attention California Resources Corp (NYSE:CRC), VeriFone Systems Inc (NYSE ... - The Voice Registrar (NYSE:CRC)
voiceregistrar.com - September 28 at 4:16 PM
4-traders.com logoCALIFORNIA RESOURCES : CRC) Andrews & Springer LLC Is Investigating California Resources Corporation For Potential Breaches of Fiduciary Duty (NYSE:CRC)
www.4-traders.com - September 28 at 9:17 AM
News IconCALIFORNIA RESOURCES CORPORATION (CRC) SHAREHOLDER ALERT (NYSE:CRC)
www.cbs58.com - September 28 at 9:17 AM
finance.yahoo.com logoCALIFORNIA RESOURCES CORPORATION (CRC) SHAREHOLDER ALERT – Andrews & Springer LLC Is Investigating California Resources Corporation For Potential Breaches of Fiduciary Duty (NYSE:CRC)
finance.yahoo.com - September 28 at 9:17 AM
marketrealist.com logoUnderstanding Marathon Oil’s EBITDA Normalized to Production (NYSE:CRC)
marketrealist.com - September 27 at 4:24 PM
News IconReally worthy Stock of Yesterday- California Resources Corporation (NYSE:CRC) - Hot Stocks Point (NYSE:CRC)
www.hotstockspoint.com - September 27 at 9:00 AM
marketrealist.com logoWhy California Resources’ Proved Reserves Lowered in 2015 (NYSE:CRC)
marketrealist.com - September 26 at 9:06 AM
capitalcube.com logoCalifornia Resources Corp. breached its 50 day moving average in a Bearish Manner : CRC-US : September 26, 2016 (NYSE:CRC)
www.capitalcube.com - September 26 at 9:06 AM
News IconUnder Analyst's Radar: ConAgra Foods, Inc. (NYSE:CAG), California Resources Corporation (NYSE:CRC) - Newburgh Press (NYSE:CRC)
newburghpress.com - September 23 at 3:46 PM
marketexclusive.com logoCan California Resources Corp (NYSE:CRC) Clean Up Its Balance Sheet? - Market Exclusive (NYSE:CRC)
marketexclusive.com - September 23 at 3:46 PM
marketrealist.com logoCalifornia Resources’ Cash Flow and Production: Chart in Focus (NYSE:CRC)
marketrealist.com - September 23 at 3:46 PM
capitalcube.com logoETF’s with exposure to California Resources Corp. : September 23, 2016 (NYSE:CRC)
www.capitalcube.com - September 23 at 3:46 PM
marketrealist.com logoWhy California Resources Stopped Paying Dividends (NYSE:CRC)
marketrealist.com - September 23 at 3:46 PM
marketrealist.com logoWhy California Resources Plans to Stay within Estimated Income (NYSE:CRC)
marketrealist.com - September 23 at 9:30 AM
marketexclusive.com logoCan California Resources Corp (NYSE:CRC) Clean Up Its Balance Sheet? (NYSE:CRC)
marketexclusive.com - September 22 at 4:30 PM
marketrealist.com logoCalifornia Resources: Why No Positive Cash Flow in 2Q16? (NYSE:CRC)
marketrealist.com - September 22 at 4:30 PM
News IconAnalysts Valuations For Two Stocks: California Resources Corp (NYSE:CRC), Synergy Resources Corp (NYSEMKT ... - The Voice Registrar (NYSE:CRC)
voiceregistrar.com - September 22 at 9:59 AM
marketrealist.com logoCalifornia Resources’ Debt and Production: Chart in Focus (NYSE:CRC)
marketrealist.com - September 21 at 8:38 AM
marketrealist.com logoCalifornia Resources Has Taken these Steps to Reduce Debt (NYSE:CRC)
marketrealist.com - September 21 at 8:38 AM
marketrealist.com logoCalifornia Resources’ Earnings and Production: Chart in Focus (NYSE:CRC)
marketrealist.com - September 19 at 5:13 PM
News IconAnalysts Valuations For Two Stocks: California Resources Corp ... - The Voice Registrar (NYSE:CRC)
voiceregistrar.com - September 14 at 9:37 PM
News IconShares Gapping Lower Before the Bell: California Resources Corporation (NYSE:CRC) - Post News (NYSE:CRC)
www.kentuckypostnews.com - September 13 at 9:14 AM
marketrealist.com logoCrude Oil’s Flip-Flop: Did Energy Stocks Outperform? (NYSE:CRC)
marketrealist.com - September 13 at 9:14 AM
4-traders.com logoCalifornia Resources Corporation : to Participate at Upcoming Industry Conferences in September (NYSE:CRC)
www.4-traders.com - September 10 at 4:09 PM
News IconShares Ticking Lower in Trade: California Resources Corporation (NYSE:CRC) - Post News (NYSE:CRC)
www.kentuckypostnews.com - September 9 at 4:15 PM
News IconTechnical Glance At Energy Stocks: Jones Energy, Inc. (NYSE:JONE ... - National Daily Press (NYSE:CRC)
www.nationaldailypress.com - September 9 at 4:15 PM
News IconStock Seen Gapping Down Before Market Open: California Resources Corporation (NYSE:CRC) - National Daily Press (NYSE:CRC)
www.nationaldailypress.com - September 9 at 4:15 PM
News IconAnalysts Valuations For Two Stocks: XOMA Corp (NASDAQ:XOMA), California Resources Corp (NYSE:CRC) - The Voice Registrar (NYSE:CRC)
voiceregistrar.com - September 9 at 4:15 PM
capitalcube.com logoCalifornia Resources Corp. breached its 50 day moving average in a Bullish Manner : CRC-US : September 9, 2016 (NYSE:CRC)
www.capitalcube.com - September 9 at 9:10 AM
seekingalpha.com logoCalifornia Resources Could Squeak By With Less Oil - Seeking Alpha (NYSE:CRC)
seekingalpha.com - September 8 at 8:07 AM
seekingalpha.com logoCalifornia Resources Could Squeak By With Less Oil (NYSE:CRC)
seekingalpha.com - September 7 at 4:28 PM
News IconCalifornia Resources Corporation (NYSE:CRC) will report its next earnings on Nov 3 - Nov 7 (Est.) - Newburg Press (NYSE:CRC)
newburghpress.com - September 6 at 4:15 PM
biz.yahoo.com logoCALIFORNIA RESOURCES CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NYSE:CRC)
biz.yahoo.com - September 6 at 4:15 PM
marketrealist.com logoChart in Focus: California Resources’ Operating Netbacks (NYSE:CRC)
marketrealist.com - September 5 at 4:08 PM
News IconStock Struggling for the Quarter: California Resources Corporation (NYSE:CRC) - Post News (NYSE:CRC)
www.kentuckypostnews.com - September 4 at 4:10 PM
marketrealist.com logoCharting California Resources’ Realized Price Effectiveness (NYSE:CRC)
marketrealist.com - September 2 at 9:12 AM
marketrealist.com logoCalifornia Resources’ Crude Oil Price Realizations Outperform WTI (NYSE:CRC)
marketrealist.com - September 1 at 4:17 PM
finance.yahoo.com logoCalifornia Resources Corporation to Participate at Upcoming Industry Conferences in September (NYSE:CRC)
finance.yahoo.com - September 1 at 10:50 AM
marketrealist.com logoCalifornia Resources Reports Lowest-Ever Production in 2Q16 (NYSE:CRC)
marketrealist.com - September 1 at 10:50 AM
marketrealist.com logoWhy California Resources’ Crude Oil Production Is Declining (NYSE:CRC)
marketrealist.com - September 1 at 10:50 AM
marketrealist.com logoAnalyzing California Resources’ Oil and Gas Revenue Mix (NYSE:CRC)
marketrealist.com - September 1 at 10:50 AM
marketrealist.com logoCRC Underperforming Crude Oil, Other Upstream Companies (NYSE:CRC)
marketrealist.com - August 31 at 4:21 PM
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

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California Resources Corp. (NYSE:CRC) Chart for Thursday, September, 29, 2016


Last Updated on 9/29/2016 by MarketBeat.com Staff