California Resources Corporation is an independent oil and natural gas exploration and production company, with operating properties within the State of California. The Company produced approximately 140 thousand barrels of oil equivalent per day (MBoe/d), as of December 31, 2016. As of December 31, 2016, the Company had net proved reserves of 568 million barrels of oil equivalent (MMBoe). As of December 31, 2016, it drilled 42 development wells with 37 wells in the San Joaquin basin and five in the Los Angeles basin, which included over 30 steamflood and eight waterflood wells. As of December 31, 2016, the Company produced 36 billion barrels of oil equivalent (BBoe), including approximately 20 BBoe in the San Joaquin basin, 11 BBoe in the Los Angeles basin, three BBoe in the Ventura basin and 10 trillion cubic feet (Tcf) of natural gas in the Sacramento basin. Its operations included 135 fields with 8,837 gross active wellbores, as of December 31, 2016.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Independent Oil & Gas
- Sub-Industry: N/A
- Symbol: NYSE:CRC
- CUSIP: N/A
- Web: www.crc.com
Capitalization:- Market Cap: $504.72 million
- Outstanding Shares: 42,592,000
Average Prices:- 50 Day Moving Avg: $12.58
- 200 Day Moving Avg: $16.41
- 52 Week Range: $8.79 - $23.42
P/E:- Trailing P/E Ratio: 1.31
- Foreward P/E Ratio: -3.05
- P/E Growth: 0.55
Sales & Book Value:- Annual Revenue: $1.92 billion
- Price / Sales: 0.26
- Book Value: ($11.62) per share
- Price / Book: -1.02
Profitability:- EBIDTA: $618 million
- Net Margins: -176.16%
- Return on Assets: -4.83%
Debt:- Debt-to-Equity Ratio: -10.49%
- Current Ratio: 0.54%
- Quick Ratio: 0.45%
Misc:- Average Volume: 1.97 million shs.
- Beta: 6.79
- Short Ratio: 7.15
Frequently Asked Questions for California Resources Corp (NYSE:CRC)
What is California Resources Corp's stock symbol?
California Resources Corp trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRC."
When did California Resources Corp's stock split? How did California Resources Corp's stock split work?
California Resources Corp's stock 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 California Resources Corp stock prior to the reverse split would have 10 shares after the split.
How were California Resources Corp's earnings last quarter?
California Resources Corp (NYSE:CRC) announced its earnings results on Thursday, May, 4th. The company reported ($1.02) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($1.26) by $0.24. The firm earned $590 million during the quarter, compared to the consensus estimate of $486.15 million. The business's revenue for the quarter was up 83.2% on a year-over-year basis. View California Resources Corp's Earnings History.
When will California Resources Corp make its next earnings announcement?
Where is California Resources Corp's stock going? Where will California Resources Corp's stock price be in 2017?
1 brokerages have issued 1 year target prices for California Resources Corp's stock. Their forecasts range from $21.00 to $21.00. On average, they anticipate California Resources Corp's stock price to reach $21.00 in the next twelve months. View Analyst Ratings for California Resources Corp.
Who are some of California Resources Corp's key competitors?
Some companies that are related to California Resources Corp include Resolute Energy Corp (REN), Energy XXI Gulf Coast (EXXI), Bonanza Creek Energy (BCEI), Delek Logistics Partners LP (DKL), Baytex Energy Corp (BTE), Denbury Resources (DNR), Eclipse Resources Corp (ECR), Sanchez Energy Corp (SN), Stone Energy (SGY), Abraxas Petroleum Corp. (AXAS), Earthstone Energy (ESTE), Approach Resources (AREX), Bellatrix Exploration Ltd (BXE), SandRidge Permian Trust (PER), Legacy Reserves LP (LGCY), Jones Energy (JONE), LRR Energy LP (LRE) and Chesapeake Granite Wash Trust (CHKR).
Who owns California Resources Corp stock?
California Resources Corp's stock is owned by a number of of institutional and retail investors. Top institutional investors include State Street Corp (6.84%), Soros Fund Management LLC (4.70%), Vanguard Group Inc. (4.15%), Mackenzie Financial Corp (3.75%), Bank of America Corp DE (1.91%) and Henderson Group PLC (1.64%). Company insiders that own California Resources Corp stock include Charles F Weiss, Justin A Gannon, Robert A Barnes, Roy Pineci and Todd A Stevens. View Institutional Ownership Trends for California Resources Corp.
Who sold California Resources Corp stock? Who is selling California Resources Corp stock?
California Resources Corp's stock was sold by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Parametric Portfolio Associates LLC, UBS Asset Management Americas Inc., Legal & General Group Plc, Mackenzie Financial Corp, Henderson Group PLC, Morgan Stanley and Russell Investments Group Ltd.. View Insider Buying and Selling for California Resources Corp.
Who bought California Resources Corp stock? Who is buying California Resources Corp stock?
California Resources Corp's stock was purchased by a variety of institutional investors in the last quarter, including Oxford Asset Management, State Street Corp, Acadian Asset Management LLC, Commerzbank Aktiengesellschaft FI, Restructuring Capital Associates LP, CarVal Investors LLC, Vanguard Group Inc. and Bahl & Gaynor Inc.. Company insiders that have bought California Resources Corp stock in the last two years include Charles F Weiss, Justin A Gannon, Robert A Barnes, Roy Pineci and Todd A Stevens. View Insider Buying and Selling for California Resources Corp.
How do I buy California Resources Corp stock?
Shares of California Resources Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of California Resources Corp stock cost?
One share of California Resources Corp stock can currently be purchased for approximately $11.85.
Earnings History for California Resources Corp (NYSE:CRC)Earnings History by Quarter for California Resources Corp (NYSE:CRC)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 8/2/2017 | | | | | | | | |
| 5/4/2017 | Q1 2017 | ($1.26) | ($1.02) | $486.15 million | $590.00 million | View | Listen |  |
| 2/16/2017 | Q416 | ($1.52) | ($1.76) | $468.41 million | $452.00 million | View | Listen | |
| 11/3/2016 | Q316 | ($1.55) | ($1.75) | $431.60 million | $456.00 million | View | Listen | |
| 8/4/2016 | Q216 | ($1.49) | ($1.80) | $437.47 million | $317.00 million | View | Listen | |
| 5/5/2016 | Q116 | ($0.31) | ($0.26) | $423.86 million | $322.00 million | View | Listen | |
| 2/29/2016 | Q415 | ($0.24) | ($0.20) | $558.33 million | $566.00 million | View | Listen | |
| 11/5/2015 | Q315 | ($0.28) | ($0.22) | $556.95 million | $626.00 million | View | Listen | |
| 4/30/2015 | Q1 | ($0.26) | ($0.25) | | $577.00 million | View | Listen | |
| 2/19/2015 | Q4 2014 | $0.07 | ($0.02) | | $820.00 million | View | Listen | |
(Data available from 1/1/2011 forward)
Earnings Estimates for California Resources Corp (NYSE:CRC)Current Year EPS Consensus Estimate: $-3.50 EPS
Next Year EPS Consensus Estimate: $-3.89 EPS
Current Dividend Information for California Resources Corp (NYSE:CRC)| Most Recent Dividend: | 10/15/2015 |
| Dividend Yield: | 0.00% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 0.00% (Trailing 12 Months of Earnings)
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
|
Dividend History by Quarter for California Resources Corp (NYSE:CRC)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/6/2015 | quarterly | $0.01 | 0.86% | 9/8/2015 | 9/10/2015 | 10/15/2015 |
| 5/8/2015 | quarterly | $0.01 | 0.49% | 6/8/2015 | 6/10/2015 | 7/15/2015 |
| 3/2/2015 | special | $0.01 | | 3/6/2015 | 3/10/2015 | 4/15/2015 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for California Resources Corp (NYSE:CRC)Insider Ownership Percentage: 1.08%
Institutional Ownership Percentage: 82.30%
Insider Trades by Quarter for California Resources Corp (NYSE:CRC)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 5/11/2017 | Justin A. Gannon | Director | Buy | 2,000 | $13.60 | $27,200.00 | |
| 3/7/2016 | Robert A Barnes | EVP | Buy | 4,800 | $2.11 | $10,128.00 | |
| 3/4/2016 | Charles F Weiss | EVP | Buy | 8,000 | $1.35 | $10,800.00 | |
| 3/3/2016 | Todd A. Stevens | CEO | Buy | 11,500 | $0.85 | $9,775.00 | |
| 8/14/2015 | Roy Pineci | EVP | Buy | 1,000 | $3.98 | $3,980.00 | |
| 8/12/2015 | Robert A Barnes | EVP | Buy | 2,450 | $4.07 | $9,971.50 | |
| 8/11/2015 | Todd A Stevens | CEO | Buy | 10,000 | $4.00 | $40,000.00 | |
| 5/5/2015 | Justin A Gannon | Director | Buy | 10,000 | $8.91 | $89,100.00 | |
| 3/5/2015 | Todd A Stevens | CEO | Buy | 13,500 | $7.31 | $98,685.00 | |
| 3/2/2015 | Robert A Barnes | EVP | Buy | 17,000 | $7.25 | $123,250.00 | |
| 12/12/2014 | Roy Pineci | EVP | Buy | 15,000 | $5.61 | $84,150.00 | |
| 12/9/2014 | William E Albrecht | Chairman | Buy | 20,000 | $5.75 | $115,000.00 | |
| 12/5/2014 | Harold M Korell | Director | Buy | 100,000 | $6.31 | $631,000.00 | |
| 12/5/2014 | Michael L Preston | EVP | Buy | 12,000 | $6.41 | $76,920.00 | |
| 12/5/2014 | Michael S Helm | VP | Buy | 5,500 | $6.75 | $37,125.00 | |
| 12/2/2014 | Roy Pineci | VP | Buy | 15,000 | $7.19 | $107,850.00 | |
| 12/1/2014 | William E Albrecht | Chairman | Buy | 20,000 | $7.48 | $149,600.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for California Resources Corp (NYSE:CRC)
Latest Headlines for California Resources Corp (NYSE:CRC)
| Source: |
|
| Date | Headline |
|---|
 | Pump Out 13.84% YTM With California Resources Corporation Bonds, Maturing September 2021
seekingalpha.com - May 25 at 6:04 PM |
 | How Short Interest in Devon Energy Stock Is Evolving in 2017
finance.yahoo.com - May 25 at 6:04 PM |
| Analyzing the Short Interest in Marathon Oil Stock
finance.yahoo.com - May 23 at 3:25 PM |
| ConocoPhillips’ Stock Price Range Forecast for the Week
finance.yahoo.com - May 23 at 12:40 PM |
| ETFs with exposure to California Resources Corp. : May 18, 2017
finance.yahoo.com - May 18 at 4:24 PM |
| California Resources Corp. :CRC-US: Earnings Analysis: Q1, 2017 By the Numbers : May 17, 2017
finance.yahoo.com - May 17 at 11:28 AM |
 | Justin A. Gannon Acquires 2,000 Shares of California Resources Corp (CRC) Stock
www.americanbankingnews.com - May 15 at 8:21 PM |
| Behind the Short Interest in Cobalt International’s Stock Now
finance.yahoo.com - May 15 at 4:22 PM |
| Is California Resources Stock Rising Due to Short Covering?
finance.yahoo.com - May 15 at 12:01 PM |
| Shorting Cobalt: Short Interest in CIE after 1Q17
finance.yahoo.com - May 15 at 12:01 PM |
| California Resources: Analyzing Wall Street Ratings
finance.yahoo.com - May 15 at 12:01 PM |
| Cobalt International’s Stock Price Forecast Using Implied Volatility
finance.yahoo.com - May 15 at 12:01 PM |
| California Resources Stock Rose on above-Average Volume
finance.yahoo.com - May 12 at 5:02 PM |
| California Resources’ Dynamic Capital Program: A Shift
finance.yahoo.com - May 12 at 5:02 PM |
| California Resources’ Stock Price Range: Weekly Forecast
finance.yahoo.com - May 12 at 5:02 PM |
| California Resources Corporation's Q1: A Review
seekingalpha.com - May 8 at 4:22 PM |
| Edited Transcript of CRC earnings conference call or presentation 4-May-17 9:00pm GMT
finance.yahoo.com - May 6 at 4:44 PM |
 | Mid-Afternoon Market Update: California Resources Surges On Earnings Beat; ArcBest Shares Slide - Benzinga
www.benzinga.com - May 5 at 4:41 PM |
| California Resources +23% on lighter than expected Q1 loss - Seeking Alpha
seekingalpha.com - May 5 at 4:41 PM |
 | Shares of California Resources Corp. Surge 23% on Earnings - Motley Fool
www.fool.com - May 5 at 4:41 PM |
| Shares of California Resources Corp. Surge 23% on Earnings
www.fool.com - May 5 at 2:53 PM |
| California Resources Corporation's (CRC) CEO Todd Stevens on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 5 at 2:44 AM |
| California Resources Corp (CRC) Issues Earnings Results
www.americanbankingnews.com - May 4 at 11:50 PM |
 | California Resources beats 1Q profit forecasts
marketbeat.com - May 4 at 7:57 PM |
| California Resources Corporation Announces First Quarter 2017 Results
finance.yahoo.com - May 4 at 4:37 PM |
| California Resources Corp (CRC) Given Media Sentiment Score of -0.36
www.americanbankingnews.com - May 2 at 1:42 PM |
| California Resources Corp (CRC) Set to Announce Quarterly Earnings on Thursday
www.americanbankingnews.com - May 2 at 1:03 PM |
| How Short Interest in Encana Stock Has Evolved
finance.yahoo.com - April 28 at 5:28 PM |
| California Resources Corp (CRC) Getting Favorable Media Coverage, Study Shows
www.americanbankingnews.com - April 28 at 10:24 AM |
| California Resources Corp (CRC) Earns Daily News Impact Score of -0.09
www.americanbankingnews.com - April 25 at 1:28 PM |
| How Short Interest in SWN Stock Evolved before Its 1Q17 Earnings
finance.yahoo.com - April 25 at 12:03 PM |
| Cobalt International’s Stock Price Range Now: Your Forecast from Implied Volatility
finance.yahoo.com - April 25 at 12:03 PM |
| Southwestern Energy’s Pre-Earnings Stock Price Range Forecast
finance.yahoo.com - April 24 at 9:22 AM |
| The Curious Case Of California Resources Corporation
seekingalpha.com - April 21 at 10:58 AM |
| California Resources Corp (CRC) Getting Somewhat Favorable News Coverage, AlphaOne Reports
www.americanbankingnews.com - April 20 at 4:53 PM |
| California Resources Corporation and Macquarie Announce Joint Venture to Invest up to $300 Million in Oil & Gas Properties
finance.yahoo.com - April 19 at 12:44 PM |
| Cobalt International Energy’s Weekly Stock Price Range Forecast
finance.yahoo.com - April 18 at 12:15 PM |
| Analyzing the Short Interest in Cobalt International Energy Stock
finance.yahoo.com - April 18 at 12:15 PM |
| Why the Numbers Look Bearish for These Upstream Stocks
finance.yahoo.com - April 17 at 12:03 PM |
| ConocoPhillips’s Stock Price Range Forecast for the Week
finance.yahoo.com - April 14 at 10:42 AM |
| How Short Interest in ConocoPhillips Stock Has Evolved
finance.yahoo.com - April 14 at 10:42 AM |
| California Resources Corp (CRC) Receiving Positive News Coverage, Study Finds
www.americanbankingnews.com - April 14 at 9:22 AM |
| Southwestern Energy Stock: Price Range Forecast for the Week
finance.yahoo.com - April 11 at 6:07 PM |
| Analyzing the Short Interest in Southwestern Energy Stock
finance.yahoo.com - April 11 at 6:07 PM |
| California Resources Corporation Announces Its First Quarter 2017 Earnings Release and Conference Call
finance.yahoo.com - April 10 at 12:13 PM |
| Chart in Focus: ConocoPhillips’s Hedging Effectiveness
finance.yahoo.com - April 7 at 9:10 AM |
| California Resources (CRC) Presents At IPAA 23rd Annual Oil & Gas Investment Symposium - Slideshow
seekingalpha.com - April 3 at 4:55 PM |
| California Resources Corporation to Participate at Upcoming Industry Conferences
finance.yahoo.com - March 27 at 12:29 PM |
| California Resources (CRC) Presents At The Raymond James 38th Annual Institutional Investors Conference 2017
seekingalpha.com - March 8 at 5:13 PM |
 | Independent Oil & Gas Stocks Under Scanner -- California Resources, Stone Energy, Matador Resources, and Carrizo ... - PR Newswire (press release)
www.prnewswire.com - March 7 at 4:27 PM |
California Resources Corp (CRC) Chart for Saturday, May, 27, 2017
