NYSE:CRC - California Resources Stock Price, News, & Analysis

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$21.64 -0.54 (-2.43 %)
(As of 02/22/2019 08:00 AM ET)
Previous Close$22.18
Today's Range$21.11 - $22.20
52-Week Range$13.26 - $50.34
Volume1.93 million shs
Average Volume2.01 million shs
Market Capitalization$1.05 billion
P/E Ratio59.95
Dividend YieldN/A
Beta4.75
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 based in Los Angeles, California.

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Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone888-848-4754

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.01 billion
Cash Flow$6.4405 per share
Book Value($16.80) per share

Profitability

Net Income$-266,000,000.00

Miscellaneous

Employees1,450
Market Cap$1.05 billion
Next Earnings Date2/27/2019 (Confirmed)
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?

Shares of California Resources reverse split on the morning of 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 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 earnings results on Thursday, November, 1st. The oil and gas producer reported $0.81 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.08) by $0.89. The oil and gas producer had revenue of $828 million for the quarter, compared to the consensus estimate of $689.83 million. California Resources had a negative return on equity of 3.20% and a negative net margin of 6.39%. The business's quarterly revenue was up 86.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.22) earnings per share. View California Resources' Earnings History.

When is California Resources' next earnings date?

California Resources is scheduled to release their next quarterly earnings announcement on Wednesday, February 27th 2019. View Earnings Estimates for California Resources.

How can I listen to California Resources' earnings call?

California Resources will be holding an earnings conference call on Wednesday, February 27th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8773285505.

What price target have analysts set for CRC?

4 brokerages have issued 12-month price targets for California Resources' shares. Their forecasts range from $36.00 to $55.00. On average, they anticipate California Resources' stock price to reach $44.00 in the next year. This suggests a possible upside of 103.3% from the stock's current price. View Analyst Price Targets for California Resources.

What is the consensus analysts' recommendation for California Resources?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last year. There are currently 1 hold rating 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 coverage about CRC stock has been trending somewhat positive recently, according to InfoTrie. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. California Resources earned a news impact score of 1.0 on InfoTrie's scale. They also gave press coverage about the oil and gas producer a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an effect on the stock's share price in the near term.

Who are some of California Resources' key competitors?

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 Occidental Petroleum (OXY), General Electric (GE), Bank of America (BAC), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Intel (INTC), Energy Transfer LP Unit (ET), AT&T (T), Celgene (CELG) and Micron Technology (MU).

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 a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.71%), Dimensional Fund Advisors LP (1.66%), Restructuring Capital Associates LP (1.29%), Northern Trust Corp (1.16%), Geode Capital Management LLC (1.00%) and Two Sigma Investments LP (0.71%). 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 major investors are selling California Resources stock?

CRC stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Investments LP, Mackenzie Financial Corp, Two Sigma Advisers LP, Millennium Management LLC, Squarepoint Ops LLC, Commerzbank Aktiengesellschaft FI, California Public Employees Retirement System and MetLife Investment Advisors LLC. View Insider Buying and Selling for California Resources.

Which major investors are buying California Resources stock?

CRC stock was purchased by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Elephas Investment Management Ltd, Pensionmark Financial Group LLC, BlackRock Inc., Prudential Financial Inc., First Trust Advisors LP, QS Investors LLC and Restructuring Capital Associates LP. 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 $21.64.

How big of a company is California Resources?

California Resources has a market capitalization of $1.05 billion 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?

The official website for California Resources is http://www.crc.com.

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)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  248 (Vote Outperform)
Underperform Votes:  285 (Vote Underperform)
Total Votes:  533
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.
This page was last updated on 2/22/2019 by MarketBeat.com Staff

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