California Resources (CRC) Stock Price, News & Analysis

Company Overview

California Resources Corporation (NYSE: CRC) is an independent energy company engaged in the exploration, development and production of oil and natural gas within the state of California. Established in 2014 as a spin-off from Occidental Petroleum, CRC holds a diverse portfolio of onshore assets across the San Joaquin, Los Angeles and Ventura basins. The company’s core activities encompass drilling and completing wells, implementing enhanced oil recovery techniques—such as steam injection—and optimizing reservoir performance to extend field life.

In addition to upstream operations, California Resources manages an integrated midstream segment that provides separation, treatment, processing and storage of produced hydrocarbons. Its water handling infrastructure supports both production operations and environmental stewardship by recycling produced water for reuse in steam-based recovery methods. This vertical integration allows CRC to maintain operational efficiency and adapt quickly to changing market and regulatory conditions in California’s energy landscape.

Over the years, CRC has completed a financial and operational restructuring aimed at strengthening its balance sheet and lowering capital intensity. The company has focused on high-return drilling programs and cost management initiatives to enhance free cash flow. Its leadership team is led by President and Chief Executive Officer Todd A. Stevens, supported by a senior management group with extensive experience in California oil and gas operations and regulatory affairs. Together, they oversee a workforce committed to safe, responsible and environmentally conscious energy development.

Headquartered in Los Angeles, CRC plays a significant role in California’s domestic energy supply, producing both light and heavy crude grades from a mix of conventional and unconventional formations. With all assets located within the state, the company navigates a complex regulatory environment and maintains active engagement with local communities, regulatory agencies and industry partners. CRC’s strategic focus remains on optimizing its asset base, advancing technological innovation and delivering sustainable value to stakeholders.

Key Stats

• Today's Range: $47.28 to $48.15
• 50-Day Range: $34.92 to $48.23
• 52-Week Range: $30.97 to $60.41
• Volume: 166,755 shs
• Average Volume: 836,891 shs
• Market Capitalization: $4.26 billion
• P/E Ratio: 8.66
• Dividend Yield: 3.25%
• Price Target: $61.27
• Consensus Rating: Buy

California Resources Stock Analysis - MarketRank™

California Resources scored higher than 90% of companies evaluated by MarketBeat, and ranked 38th out of 266 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.5 / 5
• Analyst Rating: Buy

Consensus Rating

California Resources has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

California Resources has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.97%

Earnings Growth

Earnings for California Resources are expected to grow by 5.97% in the coming year, from $3.85 to $4.08 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of California Resources is 8.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.92.

Price to Earnings Ratio vs. Sector

The P/E ratio of California Resources is 8.68, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 64.18.

Price to Book Value per Share Ratio

California Resources has a P/B Ratio of 1.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

6.22% of the float of California Resources has been sold short.

Short Interest Ratio / Days to Cover

California Resources has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in California Resources has recently decreased by 8.25%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

California Resources pays a meaningful dividend of 3.25%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

California Resources has only been increasing its dividend for 1 years.

Dividend Coverage

The dividend payout ratio of California Resources is 28.13%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, California Resources will have a dividend payout ratio of 37.99% next year. This indicates that California Resources will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.22% of the float of California Resources has been sold short.

Short Interest Ratio / Days to Cover

California Resources has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in California Resources has recently decreased by 8.25%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.19

News Sentiment

California Resources has a news sentiment score of 0.19. 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 0.70 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for California Resources this week, compared to 7 articles on an average week.

Search Interest

Only 1 people have searched for CRC on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

MarketBeat Follows

4 people have added California Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, California Resources insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.03% of the stock of California Resources is held by insiders.

Percentage Held by Institutions

97.79% of the stock of California Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CRC Stock Analysis - Frequently Asked Questions

How have CRC shares performed this year?

California Resources' stock was trading at $51.89 at the beginning of 2025. Since then, CRC stock has decreased by 7.7% and is now trading at $47.8850.

How were California Resources' earnings last quarter?

California Resources Corporation (NYSE:CRC) released its earnings results on Tuesday, May, 6th. The oil and gas producer reported $1.07 EPS for the quarter, beating the consensus estimate of $0.83 by $0.24. The business's quarterly revenue was up 100.9% compared to the same quarter last year.
Read the conference call transcript.

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 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.

Who are California Resources' major shareholders?

Top institutional shareholders of California Resources include Wealth Enhancement Advisory Services LLC (0.01%) and Pallas Capital Advisors LLC (0.01%). Insiders that own company stock include Francisco Leon, Mark Allen Mcfarland, William B Roby, James N Chapman, Omar Hayat, Christian S Kendall and Noelle M Repetti.
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.

What other stocks do shareholders of California Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that California Resources investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Netflix (NFLX), Tesla (TSLA), Exxon Mobil (XOM) and Broadcom (AVGO).

Company Calendar

• Last Earnings: 5/06/2025
• Record date for 6/13 Dividend: 5/30/2025
• Ex-Dividend for 6/13 Dividend: 5/30/2025
• Dividend Payable: 6/13/2025
• Today: 7/10/2025
• Next Earnings (Estimated): 8/05/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Energy
• Industry: OIL - US EXP&PROD
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:CRC
• CIK: 1609253
• Web: www.crc.com
• Phone: 888-848-4754
• Fax: N/A
• Employees: 1,550
• Year Founded: N/A

Price Target and Rating

• Average Price Target for California Resources: $61.27
• High Price Target: $75.00
• Low Price Target: $44.00
• Potential Upside/Downside: +27.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 13 Analysts

Profitability

• EPS (Trailing Twelve Months): $5.51
• Trailing P/E Ratio: 8.75
• Forward P/E Ratio: 12.53
• P/E Growth: N/A
• Net Income: $376 million
• Net Margins: 13.70%
• Pretax Margin: 19.07%
• Return on Equity: 11.45%
• Return on Assets: 5.64%

Debt

• Debt-to-Equity Ratio: 0.25
• Current Ratio: 0.83
• Quick Ratio: 0.74

Sales & Book Value

• Annual Sales: $3.20 billion
• Price / Sales: 1.34
• Cash Flow: $7.79 per share
• Price / Cash Flow: 6.19
• Book Value: $38.72 per share
• Price / Book: 1.25

Miscellaneous

• Outstanding Shares: 89,180,000
• Free Float: 89,148,000
• Market Cap: $4.30 billion
• Optionable: Optionable
• Beta: 1.16