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California Resources Stock Price, News & Analysis (NYSE:CRC)

$51.48
-0.03 (-0.06%)
(As of 04:10 PM ET)
Compare
Today's Range
$50.80
$51.89
50-Day Range
$50.01
$57.82
52-Week Range
$34.02
$58.44
Volume
436,751 shs
Average Volume
768,447 shs
Market Capitalization
$3.53 billion
P/E Ratio
8.26
Dividend Yield
2.20%
Price Target
$64.67

California Resources MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
25.4% Upside
$64.67 Price Target
Short Interest
Bearish
9.22% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.43mentions of California Resources in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
24.67%
From $5.35 to $6.67 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.65 out of 5 stars

Oils/Energy Sector

52nd out of 233 stocks

Crude Petroleum & Natural Gas Industry

26th out of 71 stocks


CRC stock logo

About California Resources Stock (NYSE:CRC)

California 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.

CRC Stock Price History

CRC Stock News Headlines

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There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
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California Resources Corp Ordinary Shares - New CRC
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What 7 Analyst Ratings Have To Say About California Resources
See More Headlines
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Company Calendar

Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Last Earnings
11/01/2023
Today
11/29/2023
Ex-Dividend for 12/15 Dividend
11/30/2023
Dividend Payable
12/15/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/23/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Fax
N/A
Employees
1,060
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$64.67
High Stock Price Target
$70.00
Low Stock Price Target
$56.00
Potential Upside/Downside
+25.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$524 million
Pretax Margin
21.69%

Debt

Sales & Book Value

Annual Sales
$2.71 billion
Cash Flow
$7.93 per share
Book Value
$29.88 per share

Miscellaneous

Free Float
68,599,000
Market Cap
$3.53 billion
Optionable
Optionable
Beta
1.16
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Key Executives

  • Mr. Francisco J. Leon (Age 46)
    CEO, President & Director
    Comp: $1.4M
  • Mr. Michael L. Preston (Age 58)
    Executive VP, Chief Strategy Officer & General Counsel
    Comp: $1.38M
  • Mr. Jay A. Bys (Age 57)
    Executive VP & Chief Commercial Officer
    Comp: $1.34M
  • Mr. Manuela Molina
    Executive VP & CFO
  • Mr. Omar Hayat (Age 47)
    Executive Vice President of Operations
  • Ms. Noelle M. Repetti (Age 53)
    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
  • Mr. Chris D. Gould (Age 52)
    Executive VP & Chief Sustainability Officer














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 twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CRC shares.
View CRC analyst ratings
or view top-rated stocks.

What is California Resources' stock price target for 2024?

7 brokers have issued twelve-month price targets for California Resources' shares. Their CRC share price targets 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 25.4% 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 2023?

California Resources' stock was trading at $43.51 on January 1st, 2023. Since then, CRC shares have increased by 18.5% and is now trading at $51.56.
View the best growth stocks for 2023 here
.

Are investors shorting California Resources?

California Resources saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 5,290,000 shares, an increase of 15.0% from the October 31st total of 4,600,000 shares. Based on an average daily volume of 539,200 shares, the days-to-cover ratio is presently 9.8 days. Currently, 9.2% 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 Friday, February 23rd 2024.
View our CRC earnings forecast
.

How were California Resources' earnings last quarter?

California Resources Co. (NYSE:CRC) posted its earnings results on Wednesday, November, 1st. The oil and gas producer reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.23. The oil and gas producer had revenue of $460 million for the quarter, compared to analyst estimates of $524.16 million. California Resources had a trailing twelve-month return on equity of 19.62% and a net margin of 16.65%. The firm's revenue was down 59.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 earnings per share.

How often does California Resources pay dividends? What is the dividend yield for California Resources?

California Resources announced a quarterly dividend on Wednesday, November 1st. Stockholders of record on Friday, December 1st will be paid a dividend of $0.31 per share on Friday, December 15th. This represents a $1.24 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from the stock's previous quarterly dividend of $0.17.
Read our dividend analysis for CRC
.

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 2.19%. 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 18.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRC will have a dividend payout ratio of 16.94% 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?

Shares of California Resources reverse split 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 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 many different institutional and retail investors. Top institutional shareholders include FMR LLC (6.41%), LSV Asset Management (4.27%), Principal Financial Group Inc. (2.12%), Bank of New York Mellon Corp (1.28%), Northern Trust Corp (1.27%) and Jacobs Levy Equity Management Inc. (1.16%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:CRC) was last updated on 11/29/2023 by MarketBeat.com Staff

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