California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. The company sells crude oil, natural gas, and natural gas liquids to marketers, California refineries, and other purchasers that have access to transportation and storage facilities. It holds interests in approximately 2.3 million net acres of mineral acreage. As of December 31, 2017, the company had net proved reserves of 618 million barrels of oil equivalent. It also generates and sells electricity to the grid and utility customers. The company was founded in 2014 and is headquartered in Los Angeles, California.
Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
Phone888-848-4754
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.01 billion
Profitability
Miscellaneous
Employees1,450
OptionableOptionable
California Resources (NYSE:CRC) Frequently Asked Questions
What is California Resources' stock symbol?
California Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRC."
When did California Resources' stock split? How did California Resources' stock split work?
California Resources shares 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 stock prior to the reverse split would have 10 shares after the split.
How were California Resources' earnings last quarter?
California Resources Corp (NYSE:CRC) posted its quarterly earnings data on Thursday, November, 1st. The oil and gas producer reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.08) by $0.89. The oil and gas producer earned $828 million during the quarter, compared to the consensus estimate of $689.83 million. California Resources had a negative net margin of 6.39% and a negative return on equity of 3.20%. California Resources's revenue for the quarter was up 86.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.22) EPS. View California Resources' Earnings History.
When is California Resources' next earnings date?
What price target have analysts set for CRC?
5 Wall Street analysts have issued 1-year price targets for California Resources' shares. Their predictions range from $25.00 to $55.00. On average, they anticipate California Resources' share price to reach $36.90 in the next year. This suggests a possible upside of 83.8% from the stock's current price. View Analyst Price Targets for California Resources.
What is the consensus analysts' recommendation for California Resources?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for California Resources.
Has California Resources been receiving favorable news coverage?
Media stories about CRC stock have trended somewhat positive recently, InfoTrie reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. California Resources earned a news sentiment score of 1.4 on InfoTrie's scale. They also gave media headlines about the oil and gas producer a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company's share price in the next few days.
Who are some of California Resources' key competitors?
Some companies that are related to California Resources include Centennial Resource Development (CDEV), Viper Energy Partners (VNOM), Vermilion Energy (VET), Newfield Exploration (NFX), Antero Resources (AR), Black Stone Minerals (BSM), Magnolia Oil & Gas (MGY), Range Resources (RRC), CNX Resources (CNX), Chesapeake Energy (CHK), Whiting Petroleum (WLL), Southwestern Energy (SWN), ARC Resources (AETUF), SM Energy (SM) and Matador Resources (MTDR).
Who are California Resources' key executives?
California Resources' management team includes the folowing people:
- Mr. Todd A. Stevens, Pres, CEO & Director (Age 52)
- Mr. Marshall D. Smith, Sr. EVP & CFO (Age 59)
- Mr. Charles F. Weiss, Exec. VP of Public Affairs (Age 55)
- Mr. Darren Williams, Exec. VP of Operations & Geoscience (Age 47)
- Robert A. Barnes, Sr. Exec. Advisor (Age 62)
Who are California Resources' major shareholders?
California Resources' stock is owned by many different of retail and institutional investors. Top institutional investors include James Investment Research Inc. (0.12%). Company insiders that own California Resources stock include Harold M Korell, Harry T Mcmahon, Justin A Gannon and Todd A Stevens. View Institutional Ownership Trends for California Resources.
Which institutional investors are buying California Resources stock?
CRC stock was purchased by a variety of institutional investors in the last quarter, including James Investment Research Inc.. Company insiders that have bought California Resources stock in the last two years include Harold M Korell, Harry T Mcmahon, Justin A Gannon and Todd A Stevens. View Insider Buying and Selling for California Resources.
How do I buy shares of California Resources?
Shares of CRC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is California Resources' stock price today?
One share of CRC stock can currently be purchased for approximately $20.08.
How big of a company is California Resources?
California Resources has a market capitalization of $975.89 million and generates $2.01 billion in revenue each year. The oil and gas producer earns $-266,000,000.00 in net income (profit) each year or ($4.40) on an earnings per share basis. California Resources employs 1,450 workers across the globe.
What is California Resources' official website?
How can I contact California Resources?
California Resources' mailing address is 27200 TOURNEY ROAD SUITE 315, SANTA CLARITA CA, 91355. The oil and gas producer can be reached via phone at 888-848-4754 or via email at [email protected]
MarketBeat Community Rating for California Resources (NYSE CRC)
MarketBeat's community ratings are surveys of what our community members think about California Resources and other stocks. Vote "Outperform" if you believe CRC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CRC will underperform the S&P 500 over the long term. You may vote once every thirty days.
