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S&P 500   3,655.04
DOW   29,260.81
QQQ   274.37
This Device Makes Creating Voice Memos Easy
Gold is about to SOAR – here’s what you need to do (Ad)
Three Consumer Stocks That Could Outperform In Q4 
Will Synthetic Biology Firm Amyris Post Net Income In 2024?
Goldman Sachs Alum Sounds Alarm on "Next US Crisis" (Ad)
Comcast is an Asset Bonanza Priced Cheap
US stocks slip deeper into a slump as recession fears grow
Goldman Sachs Alum Sounds Alarm on "Next US Crisis" (Ad)
British pound plunges to new low as tax cuts spark concern
Lights out, ovens off: Europe preps for winter energy crisis
S&P 500   3,655.04
DOW   29,260.81
QQQ   274.37
This Device Makes Creating Voice Memos Easy
Gold is about to SOAR – here’s what you need to do (Ad)
Three Consumer Stocks That Could Outperform In Q4 
Will Synthetic Biology Firm Amyris Post Net Income In 2024?
Goldman Sachs Alum Sounds Alarm on "Next US Crisis" (Ad)
Comcast is an Asset Bonanza Priced Cheap
US stocks slip deeper into a slump as recession fears grow
Goldman Sachs Alum Sounds Alarm on "Next US Crisis" (Ad)
British pound plunges to new low as tax cuts spark concern
Lights out, ovens off: Europe preps for winter energy crisis
S&P 500   3,655.04
DOW   29,260.81
QQQ   274.37
This Device Makes Creating Voice Memos Easy
Gold is about to SOAR – here’s what you need to do (Ad)
Three Consumer Stocks That Could Outperform In Q4 
Will Synthetic Biology Firm Amyris Post Net Income In 2024?
Goldman Sachs Alum Sounds Alarm on "Next US Crisis" (Ad)
Comcast is an Asset Bonanza Priced Cheap
US stocks slip deeper into a slump as recession fears grow
Goldman Sachs Alum Sounds Alarm on "Next US Crisis" (Ad)
British pound plunges to new low as tax cuts spark concern
Lights out, ovens off: Europe preps for winter energy crisis
NYSE:CRC

California Resources - CRC Stock Forecast, Price & News

$36.14
-1.48 (-3.93%)
(As of 09/26/2022 12:00 AM ET)
Add
Compare
Today's Range
$36.10
$37.90
50-Day Range
$36.14
$50.71
52-Week Range
$35.95
$51.46
Volume
778,427 shs
Average Volume
850,294 shs
Market Capitalization
$2.72 billion
P/E Ratio
3.56
Dividend Yield
1.81%
Price Target
$52.00

California Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
43.9% Upside
$52.00 Price Target
Short Interest
Healthy
4.93% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.07mentions of California Resources in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
50.83%
From $6.06 to $9.14 Per Share

Overall MarketRank

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

2.80 out of 5 stars

Oils/Energy Sector

44th out of 254 stocks

Crude Petroleum & Natural Gas Industry

23rd out of 81 stocks

CRC stock logo

About California Resources (NYSE:CRC) Stock

California Resources Corporation operates as an independent oil and natural gas company. The company explores for, produces, gathers, processes, 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. As of December 31, 2021, it had interests in approximately 1.9 million net mineral acres with proved reserves totaled an estimated 480 million barrels of oil equivalent. The company 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 Santa Clarita, California.

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CRC Stock News Headlines

California Resources (NYSE:CRC) Upgraded at StockNews.com
StockNews.com Lowers California Resources (NYSE:CRC) to Hold
Nominee: Francisco J. Leon
Shares of CRC Now Oversold
California Resources: Hedging Strategy To Change
See More Headlines
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CRC Company Calendar

Last Earnings
8/03/2022
Ex-Dividend for 9/16 Dividend
8/31/2022
Dividend Payable
9/16/2022
Today
9/27/2022
Next Earnings (Estimated)
11/10/2022
Fiscal Year End
12/31/2022

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 Forecast
$52.00
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+43.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$612 million
Pretax Margin
23.09%

Debt

Sales & Book Value

Annual Sales
$1.89 billion
Cash Flow
$8.58 per share
Book Value
$21.00 per share

Miscellaneous

Free Float
75,353,000
Market Cap
$2.72 billion
Optionable
Optionable
Beta
0.89

Key Executives

  • Mr. Mark Allen McFarland (Age 53)
    Pres, CEO & Director
    Comp: $3.45M
  • Mr. Francisco J. Leon (Age 45)
    Exec. VP & CFO
    Comp: $1.4M
  • Mr. Shawn M. Kerns (Age 51)
    Exec. VP & COO
    Comp: $1.4M
  • Mr. Michael L. Preston (Age 57)
    Exec. VP, Chief Admin. Officer & Gen. Counsel
    Comp: $1.4M
  • Mr. Jay A. Bys (Age 57)
    Exec. VP & Chief Commercial Officer
    Comp: $1.5M
  • Ms. Noelle M. Repetti (Age 52)
    Sr. VP, Controller & Principal Accounting Officer
  • Cynthia J. Johnson
    Chief Information Officer & VP
  • Joanna Park
    VP of Investor Relations
  • Richard Venn
    Director of Communications
  • Ms. Alana A. Sotiri
    VP of HR













CRC Stock - Frequently Asked Questions

Should I buy or sell California Resources stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last year. There are currently 1 sell rating and 3 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 forecast for 2022?

4 brokerages have issued twelve-month price objectives for California Resources' stock. Their CRC share price forecasts range from $48.00 to $60.00. On average, they anticipate the company's stock price to reach $52.00 in the next twelve months. This suggests a possible upside of 43.9% 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 2022?

California Resources' stock was trading at $42.71 at the beginning of the year. Since then, CRC shares have decreased by 15.4% and is now trading at $36.14.
View the best growth stocks for 2022 here
.

Are investors shorting California Resources?

California Resources saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 3,300,000 shares, a decrease of 19.3% from the August 15th total of 4,090,000 shares. Based on an average daily trading volume, of 874,500 shares, the days-to-cover ratio is currently 3.8 days. Approximately 4.9% 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 Thursday, November 10th 2022.
View our CRC earnings forecast
.

How were California Resources' earnings last quarter?

California Resources Co. (NYSE:CRC) issued its earnings results on Wednesday, August, 3rd. The oil and gas producer reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by $0.83. The oil and gas producer earned $747 million during the quarter. California Resources had a net margin of 39.21% and a trailing twelve-month return on equity of 35.57%.

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

California Resources declared a quarterly dividend on Wednesday, August 3rd. Stockholders of record on Thursday, September 1st will be given a dividend of $0.17 per share on Friday, September 16th. This represents a $0.68 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Wednesday, August 31st.
Read our dividend analysis for CRC
.

Is California Resources a good dividend stock?

California Resources (NYSE:CRC) pays an annual dividend of $0.68 per share and currently has a dividend yield of 1.81%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRC will have a dividend payout ratio of 7.44% 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).

What is California Resources' stock symbol?

California Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRC."

Who are California Resources' major shareholders?

California Resources' stock is owned by many different institutional and retail investors. Top institutional shareholders include FMR LLC (10.39%), State Street Corp (4.66%), Corvex Management LP (4.49%), Encompass Capital Advisors LLC (3.58%), Principal Financial Group Inc. (1.65%) and Northern Trust Corp (1.18%). 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, Todd A Stevens 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.

What is California Resources' stock price today?

One share of CRC stock can currently be purchased for approximately $36.14.

How much money does California Resources make?

California Resources (NYSE:CRC) has a market capitalization of $2.72 billion and generates $1.89 billion in revenue each year. The oil and gas producer earns $612 million in net income (profit) each year or $10.14 on an earnings per share basis.

How many employees does California Resources have?

The company employs 970 workers across the globe.

How can I contact California Resources?

California Resources' mailing address is 27200 TOURNEY ROAD SUITE 200, SANTA CLARITA CA, 91355. The official website for the company is www.crc.com. The oil and gas producer can be reached via phone at 888-848-4754 or via email at scott.espenshade@crc.com.

This page (NYSE:CRC) was last updated on 9/27/2022 by MarketBeat.com Staff

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