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: Oil & Gas Exploration and Production
- Sub-Industry: N/A
- Symbol: NYSE:CRC
- CUSIP: N/A
- Web: www.crc.com
Capitalization:- Market Cap: $393.51 million
- Outstanding Shares: 42,772,000
Average Prices:- 50 Day Moving Avg: $7.48
- 200 Day Moving Avg: $10.56
- 52 Week Range: $6.47 - $23.42
P/E:- Trailing P/E Ratio: 0.89
- Foreward P/E Ratio: -2.49
- P/E Growth: 0.22
Sales & Book Value:- Annual Revenue: $1.96 billion
- Price / Sales: 0.22
- Book Value: ($12.60) per share
- Price / Book: -0.79
Profitability:- EBIDTA: $950 million
- Net Margins: 23.53%
- Return on Assets: -4.24%
Debt:- Debt-to-Equity Ratio: -10.32%
- Current Ratio: 0.64%
- Quick Ratio: 0.54%
Misc:- Average Volume: 1.82 million shs.
- Beta: 6.24
- Short Ratio: 0.07
Frequently Asked Questions for California Resources Corporation (NYSE:CRC)
What is California Resources Corporation's stock symbol?
California Resources Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRC."
When did California Resources Corporation's stock split? How did California Resources Corporation's stock split work?
Shares of California Resources Corporation 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 market closes on Tuesday, May 31st 2016. An investor that had 100 shares of California Resources Corporation stock prior to the reverse split would have 10 shares after the split.
How were California Resources Corporation's earnings last quarter?
California Resources Corporation (NYSE:CRC) released its earnings results on Thursday, August, 3rd. The company reported ($1.83) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($1.63) by $0.20. The firm earned $516 million during the quarter, compared to analyst estimates of $450.17 million. California Resources Corporation's revenue was up 62.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.80) earnings per share. View California Resources Corporation's Earnings History.
When will California Resources Corporation make its next earnings announcement?
Where is California Resources Corporation's stock going? Where will California Resources Corporation's stock price be in 2017?
2 equities research analysts have issued twelve-month price objectives for California Resources Corporation's shares. Their predictions range from $10.00 to $21.00. On average, they anticipate California Resources Corporation's stock price to reach $15.50 in the next year. View Analyst Ratings for California Resources Corporation.
Who are some of California Resources Corporation's key competitors?
Some companies that are related to California Resources Corporation include EP Energy Corporation (EPE), Baytex Energy Corp (BTE), Eclipse Resources Corporation (ECR), Ophir Energy Plc (OPHR), Denbury Resources (DNR), Genel Energy PLC (GENL), SOCO International plc (SIA), Pengrowth Energy Corporation (PGH), Sanchez Energy Corporation (SN), San Juan Basin Royalty Trust (SJT), W&T Offshore (WTI), Faroe Petroleum plc (FPM), Hurricane Energy PLC (HUR), Energy XXI Gulf Coast (EXXI), Premier Oil PLC (PMO), Bill Barrett Corporation (BBG), Sound Energy PLC (SOU) and Abraxas Petroleum Corporation (AXAS).
Who owns California Resources Corporation stock?
California Resources Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include State Street Corp (8.39%), Vanguard Group Inc. (4.34%), Cyrus Capital Partners L.P. (3.34%), Schwab Charles Investment Management Inc. (2.59%), Crescent Park Management L.P. (2.38%) and Janus Henderson Group PLC (1.76%). Company insiders that own California Resources Corporation stock include Charles F Weiss, Justin A Gannon, Robert A Barnes and Todd A Stevens. View Institutional Ownership Trends for California Resources Corporation.
Who sold California Resources Corporation stock? Who is selling California Resources Corporation stock?
California Resources Corporation's stock was sold by a variety of institutional investors in the last quarter, including UBS Oconnor LLC, Legal & General Group Plc, Cyrus Capital Partners L.P., California Public Employees Retirement System, Numeric Investors LLC, Acadian Asset Management LLC, Parametric Portfolio Associates LLC and Nationwide Fund Advisors. View Insider Buying and Selling for California Resources Corporation.
Who bought California Resources Corporation stock? Who is buying California Resources Corporation stock?
California Resources Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Schwab Charles Investment Management Inc., State Street Corp, Capital Fund Management S.A., Crescent Park Management L.P., Thrivent Financial For Lutherans, Hellman Jordan Management Co. Inc. MA, Dimensional Fund Advisors LP and OxFORD Asset Management LLP. Company insiders that have bought California Resources Corporation stock in the last two years include Charles F Weiss, Justin A Gannon, Robert A Barnes and Todd A Stevens. View Insider Buying and Selling for California Resources Corporation.
How do I buy California Resources Corporation stock?
Shares of California Resources Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is California Resources Corporation's stock price today?
One share of California Resources Corporation stock can currently be purchased for approximately $9.90.
MarketBeat Community Rating for California Resources Corporation (NYSE CRC)MarketBeat's community ratings are surveys of what our community members think about California Resources Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for California Resources Corporation (NYSE:CRC) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Sell Rating, 1 Hold Rating |
| Consensus Rating: | Hold (Score: 1.50) |
| Consensus Price Target: | $15.50 (56.57% upside) |
Analysts' Ratings History for California Resources Corporation (NYSE:CRC)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 9/16/2017 | Morgan Stanley | Reiterated Rating | Equal Weight | | High |  |
| 6/30/2017 | Bank of America Corporation | Downgrade | Neutral -> Underperform | $22.00 -> $10.00 | High | |
| 3/2/2016 | Societe Generale | Downgrade | Buy -> Hold | $10.00 | N/A | |
| 1/26/2016 | Susquehanna Bancshares Inc | Lower Price Target | Neutral | $20.00 -> $15.00 | N/A | |
| 12/4/2015 | BTIG Research | Reiterated Rating | Buy | $60.00 | N/A | |
| 11/23/2015 | Ladenburg Thalmann Financial Services | Initiated Coverage | Buy | $70.00 | N/A | |
| 9/25/2015 | Johnson Rice | Initiated Coverage | Accumulate | | N/A | |
(Data available from 9/21/2015 forward)
Earnings History for California Resources Corporation (NYSE:CRC)Earnings History by Quarter for California Resources Corporation (NYSE CRC)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/6/2017 | | ($1.59) | | | | | N/A | |
| 8/3/2017 | Q2 2017 | ($1.63) | ($1.83) | $450.17 million | $516.00 million | View | Listen | |
| 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 Corporation (NYSE:CRC)Current Year EPS Consensus Estimate: $-5.63 EPS
Next Year EPS Consensus Estimate: $-3.97 EPS
Current Dividend Information for California Resources Corporation (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 Corporation (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 Corporation (NYSE:CRC)Insider Ownership Percentage: 0.91%
Institutional Ownership Percentage: 74.80%
Insider Trades by Quarter for California Resources Corporation (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 Corporation (NYSE:CRC)
Latest Headlines for California Resources Corporation (NYSE:CRC)
| Source: |
|
| Date | Headline |
|---|
 | California Resources - Asymmetric Risk/Reward In The Face Of ... - Seeking Alpha
seekingalpha.com - September 19 at 10:33 PM |
 | Is It Time To Buy California Resources Corporation (CRC)?
finance.yahoo.com - September 19 at 5:31 PM |
| US Crude Oil above $50: Some Oil-Weighted Stocks Are Outperforming
finance.yahoo.com - September 19 at 5:31 PM |
 | California Resources Corporation (CRC) Given Equal Weight Rating at Morgan Stanley
www.americanbankingnews.com - September 16 at 8:40 AM |
| ETFs with exposure to California Resources Corp. : September 15, 2017
finance.yahoo.com - September 15 at 5:57 PM |
| California Resources Corp. :CRC-US: Earnings Analysis: Q2, 2017 By the Numbers : September 14, 2017
finance.yahoo.com - September 14 at 6:21 PM |
| California Resources Corp. breached its 50 day moving average in a Bearish Manner : CRC-US : September 12, 2017
finance.yahoo.com - September 12 at 6:10 PM |
| California Resources Corporation Announces Its Third Quarter 2017 Earnings Release and Conference Call
finance.yahoo.com - September 7 at 5:35 PM |
| California Resources Corp. – Value Analysis (NYSE:CRC) : September 6, 2017
finance.yahoo.com - September 6 at 12:05 AM |
| California Resources Corp. breached its 50 day moving average in a Bullish Manner : CRC-US : September 1, 2017
finance.yahoo.com - September 1 at 5:45 PM |
| Short Interest in Marathon Oil Stock Remains at Lower Levels
finance.yahoo.com - August 30 at 6:34 PM |
| Head to Head Contrast: California Resources Corporation (CRC) & RSP Permian (RSPP)
www.americanbankingnews.com - August 26 at 12:18 PM |
| We Bought More California Resources - Here's Why - Seeking Alpha
seekingalpha.com - August 24 at 10:42 PM |
| Analyzing California Resources’ Implied Volatility
finance.yahoo.com - August 22 at 11:04 PM |
| Analyzing Short Interest in California Resources Stock
finance.yahoo.com - August 22 at 11:04 PM |
| Drill Down into California Resources’ 2Q17 Operational Performance
finance.yahoo.com - August 21 at 5:16 PM |
| California Resources’ Free Cash Flow in 2Q17
finance.yahoo.com - August 21 at 5:16 PM |
| What Wall Street Analysts Are Saying about California Resources
finance.yahoo.com - August 21 at 5:16 PM |
| Contrasting Antero Resources Corporation (AR) and California Resources Corporation (CRC)
www.americanbankingnews.com - August 19 at 2:28 PM |
| California Resources’ Year-to-Date Stock Performance
finance.yahoo.com - August 18 at 5:33 PM |
| California Resources’ Losses Increased 8% in 2Q17
finance.yahoo.com - August 18 at 5:33 PM |
| Analyzing California Resources’ 2Q17 Revenues
finance.yahoo.com - August 18 at 5:33 PM |
| US Oil Retreating from $50 Mark: Energy Stocks Could Take the Heat
finance.yahoo.com - August 9 at 5:40 PM |
| California Resources Corporation (CRC) Upgraded to "Hold" by Zacks Investment Research
www.americanbankingnews.com - August 8 at 8:56 PM |
 | Pre-Market Technical Pulse on Independent Oil & Gas Stocks -- PDC Energy, California Resources, Gastar Exploration, and Gran Tierra Energy
www.bizjournals.com - August 4 at 5:44 PM |
| Edited Transcript of CRC earnings conference call or presentation 3-Aug-17 9:00pm GMT
finance.yahoo.com - August 4 at 5:44 PM |
| California Resources Corporation's (CRC) CEO Todd Stevens on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - August 4 at 2:42 AM |
| California Resources Corporation (NYSE:CRC) Issues Earnings Results
www.americanbankingnews.com - August 4 at 12:50 AM |
| California Resources reports 2Q loss
finance.yahoo.com - August 3 at 9:42 PM |
 | California Resources Corporation Announces Second Quarter 2017 Results - Business Wire (press release)
www.businesswire.com - August 3 at 4:27 PM |
| California Resources Corporation Announces Second Quarter 2017 Results
finance.yahoo.com - August 3 at 4:27 PM |
| The Best Energy Stocks from July 24–28, 2017
finance.yahoo.com - August 1 at 6:11 PM |
| Analyzing Marathon Oil’s Implied Volatility
finance.yahoo.com - July 27 at 5:49 PM |
| California Resources Corporation (CRC) to Release Quarterly Earnings on Thursday
www.americanbankingnews.com - July 27 at 7:32 AM |
| California Resources Corporation (CRC) Short Interest Up 33.1% in June
www.americanbankingnews.com - July 18 at 7:04 AM |
| Should You Get Rid of California Resources Corporation (CRC) Now?
finance.yahoo.com - July 14 at 7:33 PM |
| California Resources Corporation (CRC) Downgraded by Zacks Investment Research to "Sell"
www.americanbankingnews.com - July 13 at 7:50 PM |
 | Goldman Sachs' Eight E&P Picks For Low Oil Prices - Barron's
www.barrons.com - July 13 at 6:40 PM |
| Goldman Sachs' Eight E&P Picks For Low Oil Prices
finance.yahoo.com - July 13 at 6:40 PM |
| Energy Stocks: Which Ones Underperformed July 3–7, 2017?
finance.yahoo.com - July 11 at 6:37 PM |
| California Resources Corporation (CRC) Downgraded to Strong Sell at BidaskClub
www.americanbankingnews.com - July 8 at 7:46 PM |
| California Resources Corporation Announces Its Second Quarter 2017 Earnings Release and Conference Call - Business Wire (press release)
www.businesswire.com - July 5 at 11:14 PM |
| California Resources Corporation Announces Its Second Quarter 2017 Earnings Release and Conference Call
finance.yahoo.com - July 5 at 6:12 PM |
 | Do Options Traders Know Something About California Resources (CRC) Stock We Don't? - Nasdaq
www.nasdaq.com - July 4 at 3:34 AM |
 | Do Options Traders Know Something About California Resources (CRC) Stock We Don't?
www.zacks.com - July 3 at 5:28 PM |
| Do Options Traders Know Something About California Resources (CRC) Stock We Don't?
finance.yahoo.com - July 3 at 5:28 PM |
| Which Energy Stocks Underperformed Last Week?
finance.yahoo.com - July 3 at 5:28 PM |
| Bank of America Corporation Lowers California Resources Corporation (CRC) to Underperform
www.americanbankingnews.com - July 1 at 11:20 AM |
| BUZZ-US STOCKS ON THE MOVE- Nike, Micron, Cara, West Marine, Parkway - Nasdaq
www.nasdaq.com - June 30 at 5:39 PM |
| California Resources Corporation (CRC) Presents At J.P. Morgan Energy Equity Investor Conference - Slideshow
seekingalpha.com - June 28 at 5:24 PM |
California Resources Corporation (CRC) Chart for Thursday, September, 21, 2017
