Top-Rated Dividend Stocks NYSE:CRC California Resources - CRC Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding California Resources Co. Please log in to your account or sign up in order to add this asset to your watchlist. $36.37 +1.05 (+2.97%) (As of 03/20/2023 05:07 PM ET) Add Compare Share Share Today's Range$35.34▼$36.5950-Day Range$35.32▼$47.8352-Week Range$34.02▼$51.46Volume848,665 shsAverage Volume848,541 shsMarket Capitalization$2.60 billionP/E Ratio5.29Dividend Yield3.11%Price Target$56.86 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media California Resources MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside56.0% Upside$56.86 Price TargetShort InterestBearish7.14% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.47Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth35.22%From $6.02 to $8.14 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.86 out of 5 starsOils/Energy Sector46th out of 242 stocksCrude Petroleum & Natural Gas Industry24th out of 78 stocks 4.5 Analyst's Opinion Consensus RatingCalifornia Resources has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 8 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $56.86, California Resources has a forecasted upside of 56.0% from its current price of $36.44.Amount of Analyst CoverageCalifornia Resources has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.14% of the float of California Resources has been sold short.Short Interest Ratio / Days to CoverCalifornia Resources has a short interest ratio ("days to cover") of 5.8.Change versus previous monthShort interest in California Resources has recently increased by 22.95%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldCalifornia Resources pays a meaningful dividend of 3.20%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCalifornia Resources has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of California Resources is 16.45%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, California Resources will have a dividend payout ratio of 13.88% next year. This indicates that California Resources will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CRC. Previous Next 2.5 News and Social Media Coverage News SentimentCalifornia Resources has a news sentiment score of 0.47. 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 news sentiment score is similar to the average news sentiment of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 3 news articles for California Resources this week, compared to 2 articles on an average week.Search Interest48 people have searched for CRC on MarketBeat in the last 30 days. This is an increase of 586% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added California Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, California Resources insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.03% of the stock of California Resources is held by insiders. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for California Resources are expected to grow by 35.22% in the coming year, from $6.02 to $8.14 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of California Resources is 5.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.04.Price to Earnings Ratio vs. SectorThe P/E ratio of California Resources is 5.30, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 58.20.Price to Book Value per Share RatioCalifornia Resources has a P/B Ratio of 1.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About California Resources (NYSE:CRC) StockCalifornia 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.Read More Receive CRC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for California Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address CRC Stock News HeadlinesMarch 19, 2023 | nasdaq.comFirst Week of May 19th Options Trading For California Resources (CRC)March 18, 2023 | americanbankingnews.comCalifornia Resources (NYSE:CRC) Now Covered by StockNews.comMarch 20, 2023 | Weiss Ratings (Ad)Bank Accounts: Frozen!In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!March 16, 2023 | finance.yahoo.comInvestors one-year losses continue as California Resources (NYSE:CRC) dips a further 13% this week, earnings continue to declineMarch 13, 2023 | americanbankingnews.comAnalysts Set California Resources Co. (NYSE:CRC) PT at $57.71March 12, 2023 | americanbankingnews.comCalifornia Resources (NYSE:CRC) Price Target Cut to $54.00March 4, 2023 | nasdaq.comEx-Div Reminder for California Resources (CRC)March 1, 2023 | msn.comCalifornia Resources (CRC) Declares $0.28 DividendMarch 20, 2023 | Oxford Club (Ad)My No. 1 dividend stock for a LIFETIME of income.Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.March 1, 2023 | finance.yahoo.comCalifornia Resources Corporation (NYSE:CRC) Q4 2022 Earnings Call TranscriptFebruary 28, 2023 | msn.comCalifornia Resources: Dividend InsightsFebruary 27, 2023 | markets.businessinsider.comWhere California Resources Stands With AnalystsFebruary 26, 2023 | seekingalpha.comCalifornia Resources Corp (CRC) Q4 2022 Earnings Call TranscriptFebruary 25, 2023 | seekingalpha.comCalifornia Resources Corporation: More Bad News Out Of CaliforniaFebruary 24, 2023 | msn.comCalifornia Resources declares $0.2825 dividendFebruary 24, 2023 | finance.yahoo.comCalifornia Resources Corporation Generates Record $690 Million of Operating Cash Flow and $311 Million of Free Cash Flow in 2022February 22, 2023 | benzinga.comEarnings Preview: California ResourcesFebruary 15, 2023 | finance.yahoo.comAntero Resources (AR) Q4 Earnings and Revenues Surpass EstimatesJanuary 27, 2023 | msn.comCalifornia Resources plunges as court order pauses Kern County productionJanuary 20, 2023 | finance.yahoo.comCalifornia Resources Corporation Schedules Fourth Quarter and Full Year 2022 Earnings Conference CallJanuary 15, 2023 | finance.yahoo.comReturns At California Resources (NYSE:CRC) Are On The Way UpJanuary 5, 2023 | finance.yahoo.comCRC Recognized with Leadership Level Ranking for 2022 Climate Disclosure by CDP for the Fourth Year in a RowJanuary 4, 2023 | msn.comCalifornia Resources unveils carbon dioxide management dealJanuary 4, 2023 | finance.yahoo.comCalifornia Resources Corporation Announces Carbon Dioxide Management Agreement for CTV’s First Permanent Carbon Storage Project in Northern CaliforniaDecember 19, 2022 | finance.yahoo.comCalifornia Resources Corporation's (NYSE:CRC) Share Price Is Matching Sentiment Around Its EarningsNovember 22, 2022 | finance.yahoo.comCalifornia Resources (NYSE:CRC) Will Pay A Larger Dividend Than Last Year At $0.2825November 16, 2022 | nasdaq.comUpcoming Dividend Run For CRC?See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CRC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for California Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address CRC Company Calendar Last Earnings2/24/2023Ex-Dividend for 3/16 Dividend3/03/2023Dividend Payable3/16/2023Today3/20/2023Next Earnings (Estimated)5/04/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Crude petroleum & natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:CRC CUSIPN/A CIK1609253 Webwww.crc.com Phone888-848-4754FaxN/AEmployees1,060Year FoundedN/APrice Target and Rating Average Stock Price Forecast$56.86 High Stock Price Forecast$65.00 Low Stock Price Forecast$48.00 Forecasted Upside/Downside+56.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$6.87 Trailing P/E Ratio5.29 Forward P/E Ratio6.04 P/E GrowthN/ANet Income$524 million Net Margins19.36% Pretax Margin28.11% Return on Equity23.03% Return on Assets9.60% Debt Debt-to-Equity Ratio0.32 Current Ratio0.97 Quick Ratio0.90 Sales & Book Value Annual Sales$2.71 billion Price / Sales0.96 Cash Flow$8.15 per share Price / Cash Flow4.46 Book Value$25.37 per share Price / Book1.43Miscellaneous Outstanding Shares71,490,000Free Float71,471,000Market Cap$2.60 billion OptionableOptionable Beta1.11 Key ExecutivesMr. Mark Allen McFarland (Age 53)Pres, CEO & Director Comp: $3.45MMr. Francisco J. Leon (Age 45)Exec. VP & CFO Comp: $1.4MMr. Shawn M. Kerns (Age 51)Exec. VP & COO Comp: $1.4MMr. Michael L. Preston (Age 57)Exec. VP, Chief Admin. Officer & Gen. Counsel Comp: $1.4MMr. Jay A. Bys (Age 57)Exec. VP & Chief Commercial Officer Comp: $1.5MMs. Noelle M. Repetti (Age 52)Sr. VP, Controller & Principal Accounting Officer Cynthia J. JohnsonChief Information Officer & VPJoanna ParkVP of Investor RelationsRichard VennDirector of CommunicationsMs. Alana A. SotiriVP of HRMore ExecutivesKey CompetitorsCNX ResourcesNYSE:CNXComstock ResourcesNYSE:CRKKosmos EnergyNYSE:KOSNorthern Oil and GasNYSE:NOGEnerplusNYSE:ERFView All CompetitorsInsiders & InstitutionsVictory Capital Management Inc.Sold 4,501 shares on 3/10/2023Ownership: 0.293%Voya Investment Management LLCSold 677 shares on 2/28/2023Ownership: 0.040%Parallax Volatility Advisers L.P.Bought 7,500 shares on 2/27/2023Ownership: 0.000%Alliancebernstein L.P.Sold 442,199 shares on 2/16/2023Ownership: 0.537%MetLife Investment Management LLCSold 1,748 shares on 2/15/2023Ownership: 0.053%View All Insider TransactionsView All Institutional Transactions CRC Stock - Frequently Asked Questions Should I buy or sell California Resources stock right now? 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last twelve months. There are currently 8 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 2023? 8 Wall Street research analysts have issued twelve-month target prices for California Resources' shares. Their CRC share price forecasts range from $48.00 to $65.00. On average, they expect the company's share price to reach $56.86 in the next twelve months. This suggests a possible upside of 57.6% 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 2023? California Resources' stock was trading at $43.51 at the beginning of the year. Since then, CRC shares have decreased by 17.1% and is now trading at $36.07. View the best growth stocks for 2023 here. Are investors shorting California Resources? California Resources saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 4,340,000 shares, an increase of 22.9% from the February 13th total of 3,530,000 shares. Based on an average trading volume of 753,300 shares, the days-to-cover ratio is presently 5.8 days. Currently, 7.1% of the shares of the company are sold short. 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, May 4th 2023. View our CRC earnings forecast. How were California Resources' earnings last quarter? California Resources Co. (NYSE:CRC) released its quarterly earnings results on Friday, February, 24th. The oil and gas producer reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by $0.53. The oil and gas producer had revenue of $682 million for the quarter, compared to analysts' expectations of $639.65 million. California Resources had a net margin of 19.36% and a trailing twelve-month return on equity of 23.03%. The company's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the business earned $2.13 EPS. How often does California Resources pay dividends? What is the dividend yield for California Resources? California Resources declared a quarterly dividend on Friday, February 24th. Shareholders of record on Monday, March 6th will be given a dividend of $0.2825 per share on Thursday, March 16th. This represents a $1.13 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Friday, March 3rd. This is a boost from the stock's previous quarterly dividend of $0.28. Read our dividend analysis for CRC. What ETFs hold California Resources' stock? ETFs with the largest weight of California Resources (NYSE:CRC) stock in their portfolio include Invesco Dynamic Energy Exploration & Production ETF (PXE), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Cambria Value and Momentum ETF (VAMO), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Cambria Shareholder Yield ETF (SYLD), Invesco Zacks Multi-Asset Income ETF (CVY) and First Trust Mid Cap Value AlphaDEX Fund (FNK). Is California Resources a good dividend stock? California Resources (NYSE:CRC) pays an annual dividend of $1.13 per share and currently has a dividend yield of 3.20%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRC will have a dividend payout ratio of 13.88% 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 before market open 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 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 retail and institutional investors. Top institutional shareholders include Goldentree Asset Management LP (5.83%), Encompass Capital Advisors LLC (2.98%), Dimensional Fund Advisors LP (1.97%), Geode Capital Management LLC (1.84%), Principal Financial Group Inc. (1.70%) and Private Management Group Inc. (1.07%). 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 $36.07. How much money does California Resources make? California Resources (NYSE:CRC) has a market capitalization of $2.58 billion and generates $2.71 billion in revenue each year. The oil and gas producer earns $524 million in net income (profit) each year or $6.87 on an earnings per share basis. How many employees does California Resources have? The company employs 1,060 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 3/20/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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