NYSE:CRC

California Resources (CRC) Stock Price, News & Analysis

$54.95
+0.52 (+0.96%)
(As of 04/22/2024 ET)
Today's Range
$53.63
$55.15
50-Day Range
$48.34
$56.92
52-Week Range
$37.21
$58.44
Volume
484,229 shs
Average Volume
909,476 shs
Market Capitalization
$3.78 billion
P/E Ratio
7.12
Dividend Yield
2.26%
Price Target
$63.43

California Resources MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
15.4% 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
1.32mentions of California Resources in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.53%
From $5.99 to $6.92 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.

3.13 out of 5 stars

Oils/Energy Sector

117th out of 237 stocks

Crude Petroleum & Natural Gas Industry

44th out of 76 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 Corporation (CRC)
The A.I. story nobody is telling you (Read ASAP)
There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...
California Resources Corp Ordinary Shares - New
California Resources Corp (CRC) Gets a Buy from Stifel Nicolaus
The A.I. story nobody is telling you (Read ASAP)
There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...
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
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Company Calendar

Last Earnings
2/27/2024
Ex-Dividend for 3/18 Dividend
3/05/2024
Dividend Payable
3/18/2024
Today
4/22/2024
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
+15.8%
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
$8.75 per share
Book Value
$32.34 per share

Miscellaneous

Free Float
68,329,000
Market Cap
$3.77 billion
Optionable
Optionable
Beta
1.02
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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 analysts have issued twelve-month price objectives for California Resources' shares. Their CRC share price targets range from $56.00 to $70.00. On average, they anticipate the company's share price to reach $63.43 in the next twelve months. This suggests a possible upside of 15.4% 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 at the beginning of 2024. Since then, CRC shares have increased by 0.5% and is now trading at $54.95.
View the best growth stocks for 2024 here
.

Are investors shorting California Resources?

California Resources saw a increase in short interest in 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 volume of 978,800 shares, the short-interest ratio is presently 7.4 days. Currently, 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) released its quarterly earnings data on Tuesday, February, 27th. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by $0.08. The oil and gas producer had revenue of $726 million for the quarter, compared to analysts' expectations 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 business's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company 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. Shareholders of record on Wednesday, March 6th will be paid a dividend of $0.31 per share on Monday, March 18th. This represents a $1.24 annualized dividend and a yield of 2.26%. The ex-dividend date 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 2.28%. 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 17.92% 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 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 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%), Allspring Global Investments Holdings LLC (0.16%), State of Alaska Department of Revenue (0.06%) and Maryland State Retirement & Pension System (0.03%). 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 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 4/22/2024 by MarketBeat.com Staff

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