California Resources Corp Company Profile (NYSE:CRC)

About California Resources Corp (NYSE:CRC)

California Resources Corp logoCalifornia 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: Independent Oil & Gas
  • Sub-Industry: N/A
  • Symbol: NYSE:CRC
  • CUSIP: N/A
  • Web: www.crc.com
Capitalization:
  • Market Cap: $504.72 million
  • Outstanding Shares: 42,592,000
Average Prices:
  • 50 Day Moving Avg: $12.58
  • 200 Day Moving Avg: $16.41
  • 52 Week Range: $8.79 - $23.42
P/E:
  • Trailing P/E Ratio: 1.31
  • Foreward P/E Ratio: -3.05
  • P/E Growth: 0.55
Sales & Book Value:
  • Annual Revenue: $1.92 billion
  • Price / Sales: 0.26
  • Book Value: ($11.62) per share
  • Price / Book: -1.02
Profitability:
  • EBIDTA: $618 million
  • Net Margins: -176.16%
  • Return on Assets: -4.83%
Debt:
  • Debt-to-Equity Ratio: -10.49%
  • Current Ratio: 0.54%
  • Quick Ratio: 0.45%
Misc:
  • Average Volume: 1.97 million shs.
  • Beta: 6.79
  • Short Ratio: 7.15
 

Frequently Asked Questions for California Resources Corp (NYSE:CRC)

What is California Resources Corp's stock symbol?

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

When did California Resources Corp's stock split? How did California Resources Corp's stock split work?

California Resources Corp's stock 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 California Resources Corp stock prior to the reverse split would have 10 shares after the split.

How were California Resources Corp's earnings last quarter?

California Resources Corp (NYSE:CRC) announced its earnings results on Thursday, May, 4th. The company reported ($1.02) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($1.26) by $0.24. The firm earned $590 million during the quarter, compared to the consensus estimate of $486.15 million. The business's revenue for the quarter was up 83.2% on a year-over-year basis. View California Resources Corp's Earnings History.

When will California Resources Corp make its next earnings announcement?

California Resources Corp is scheduled to release their next quarterly earnings announcement on Wednesday, August, 2nd 2017. View Earnings Estimates for California Resources Corp.

Where is California Resources Corp's stock going? Where will California Resources Corp's stock price be in 2017?

1 brokerages have issued 1 year target prices for California Resources Corp's stock. Their forecasts range from $21.00 to $21.00. On average, they anticipate California Resources Corp's stock price to reach $21.00 in the next twelve months. View Analyst Ratings for California Resources Corp.

Who are some of California Resources Corp's key competitors?

Who owns California Resources Corp stock?

California Resources Corp's stock is owned by a number of of institutional and retail investors. Top institutional investors include State Street Corp (6.84%), Soros Fund Management LLC (4.70%), Vanguard Group Inc. (4.15%), Mackenzie Financial Corp (3.75%), Bank of America Corp DE (1.91%) and Henderson Group PLC (1.64%). Company insiders that own California Resources Corp stock include Charles F Weiss, Justin A Gannon, Robert A Barnes, Roy Pineci and Todd A Stevens. View Institutional Ownership Trends for California Resources Corp.

Who sold California Resources Corp stock? Who is selling California Resources Corp stock?

California Resources Corp's stock was sold by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Parametric Portfolio Associates LLC, UBS Asset Management Americas Inc., Legal & General Group Plc, Mackenzie Financial Corp, Henderson Group PLC, Morgan Stanley and Russell Investments Group Ltd.. View Insider Buying and Selling for California Resources Corp.

Who bought California Resources Corp stock? Who is buying California Resources Corp stock?

California Resources Corp's stock was purchased by a variety of institutional investors in the last quarter, including Oxford Asset Management, State Street Corp, Acadian Asset Management LLC, Commerzbank Aktiengesellschaft FI, Restructuring Capital Associates LP, CarVal Investors LLC, Vanguard Group Inc. and Bahl & Gaynor Inc.. Company insiders that have bought California Resources Corp stock in the last two years include Charles F Weiss, Justin A Gannon, Robert A Barnes, Roy Pineci and Todd A Stevens. View Insider Buying and Selling for California Resources Corp.

How do I buy California Resources Corp stock?

Shares of California Resources Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of California Resources Corp stock cost?

One share of California Resources Corp stock can currently be purchased for approximately $11.85.

Analyst Ratings

Consensus Ratings for California Resources Corp (NYSE:CRC) (?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $21.00 (77.22% upside)

Analysts' Ratings History for California Resources Corp (NYSE:CRC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
11/22/2016Morgan StanleyUpgradeUnderweight -> Equal Weight$18.00 -> $21.00N/AView Rating Details
3/2/2016Societe GeneraleDowngradeBuy -> Hold$10.00N/AView Rating Details
2/23/2016Bank of America CorpDowngradeBuy -> Neutral$20.00N/AView Rating Details
1/26/2016Susquehanna Bancshares IncLower Price TargetNeutral$20.00 -> $15.00N/AView Rating Details
12/4/2015BTIG ResearchReiterated RatingBuy$60.00N/AView Rating Details
11/23/2015Ladenburg Thalmann Financial ServicesInitiated CoverageBuy$70.00N/AView Rating Details
9/25/2015Johnson RiceInitiated CoverageAccumulateN/AView Rating Details
6/8/2015Goldman Sachs Group IncInitiated CoverageSellN/AView Rating Details
(Data available from 5/27/2015 forward)

Earnings

Earnings History for California Resources Corp (NYSE:CRC)
Earnings by Quarter for California Resources Corp (NYSE:CRC)
Earnings History by Quarter for California Resources Corp (NYSE:CRC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/2/2017        
5/4/2017Q1 2017($1.26)($1.02)$486.15 million$590.00 millionViewListenView Earnings Details
2/16/2017Q416($1.52)($1.76)$468.41 million$452.00 millionViewListenView Earnings Details
11/3/2016Q316($1.55)($1.75)$431.60 million$456.00 millionViewListenView Earnings Details
8/4/2016Q216($1.49)($1.80)$437.47 million$317.00 millionViewListenView Earnings Details
5/5/2016Q116($0.31)($0.26)$423.86 million$322.00 millionViewListenView Earnings Details
2/29/2016Q415($0.24)($0.20)$558.33 million$566.00 millionViewListenView Earnings Details
11/5/2015Q315($0.28)($0.22)$556.95 million$626.00 millionViewListenView Earnings Details
4/30/2015Q1($0.26)($0.25)$577.00 millionViewListenView Earnings Details
2/19/2015Q4 2014$0.07($0.02)$820.00 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for California Resources Corp (NYSE:CRC)
Current Year EPS Consensus Estimate: $-3.50 EPS
Next Year EPS Consensus Estimate: $-3.89 EPS

Dividends

Current Dividend Information for California Resources Corp (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 Payments by Quarter for California Resources Corp (NYSE:CRC)

Dividend History by Quarter for California Resources Corp (NYSE:CRC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/6/2015quarterly$0.010.86%9/8/20159/10/201510/15/2015
5/8/2015quarterly$0.010.49%6/8/20156/10/20157/15/2015
3/2/2015special$0.013/6/20153/10/20154/15/2015
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for California Resources Corp (NYSE:CRC)
Insider Ownership Percentage: 1.08%
Institutional Ownership Percentage: 82.30%
Insider Trades by Quarter for California Resources Corp (NYSE:CRC)
Institutional Ownership by Quarter for California Resources Corp (NYSE:CRC)
Insider Trades by Quarter for California Resources Corp (NYSE:CRC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/11/2017Justin A. GannonDirectorBuy2,000$13.60$27,200.00View SEC Filing  
3/7/2016Robert A BarnesEVPBuy4,800$2.11$10,128.00View SEC Filing  
3/4/2016Charles F WeissEVPBuy8,000$1.35$10,800.00View SEC Filing  
3/3/2016Todd A. StevensCEOBuy11,500$0.85$9,775.00View SEC Filing  
8/14/2015Roy PineciEVPBuy1,000$3.98$3,980.00View SEC Filing  
8/12/2015Robert A BarnesEVPBuy2,450$4.07$9,971.50View SEC Filing  
8/11/2015Todd A StevensCEOBuy10,000$4.00$40,000.00View SEC Filing  
5/5/2015Justin A GannonDirectorBuy10,000$8.91$89,100.00View SEC Filing  
3/5/2015Todd A StevensCEOBuy13,500$7.31$98,685.00View SEC Filing  
3/2/2015Robert A BarnesEVPBuy17,000$7.25$123,250.00View SEC Filing  
12/12/2014Roy PineciEVPBuy15,000$5.61$84,150.00View SEC Filing  
12/9/2014William E AlbrechtChairmanBuy20,000$5.75$115,000.00View SEC Filing  
12/5/2014Harold M KorellDirectorBuy100,000$6.31$631,000.00View SEC Filing  
12/5/2014Michael L PrestonEVPBuy12,000$6.41$76,920.00View SEC Filing  
12/5/2014Michael S HelmVPBuy5,500$6.75$37,125.00View SEC Filing  
12/2/2014Roy PineciVPBuy15,000$7.19$107,850.00View SEC Filing  
12/1/2014William E AlbrechtChairmanBuy20,000$7.48$149,600.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for California Resources Corp (NYSE:CRC)
Latest Headlines for California Resources Corp (NYSE:CRC)
Source:
DateHeadline
seekingalpha.com logoPump Out 13.84% YTM With California Resources Corporation Bonds, Maturing September 2021
seekingalpha.com - May 25 at 6:04 PM
finance.yahoo.com logoHow Short Interest in Devon Energy Stock Is Evolving in 2017
finance.yahoo.com - May 25 at 6:04 PM
finance.yahoo.com logoAnalyzing the Short Interest in Marathon Oil Stock
finance.yahoo.com - May 23 at 3:25 PM
finance.yahoo.com logoConocoPhillips’ Stock Price Range Forecast for the Week
finance.yahoo.com - May 23 at 12:40 PM
finance.yahoo.com logoETFs with exposure to California Resources Corp. : May 18, 2017
finance.yahoo.com - May 18 at 4:24 PM
finance.yahoo.com logoCalifornia Resources Corp. :CRC-US: Earnings Analysis: Q1, 2017 By the Numbers : May 17, 2017
finance.yahoo.com - May 17 at 11:28 AM
americanbankingnews.com logoJustin A. Gannon Acquires 2,000 Shares of California Resources Corp (CRC) Stock
www.americanbankingnews.com - May 15 at 8:21 PM
finance.yahoo.com logoBehind the Short Interest in Cobalt International’s Stock Now
finance.yahoo.com - May 15 at 4:22 PM
finance.yahoo.com logoIs California Resources Stock Rising Due to Short Covering?
finance.yahoo.com - May 15 at 12:01 PM
finance.yahoo.com logoShorting Cobalt: Short Interest in CIE after 1Q17
finance.yahoo.com - May 15 at 12:01 PM
finance.yahoo.com logoCalifornia Resources: Analyzing Wall Street Ratings
finance.yahoo.com - May 15 at 12:01 PM
finance.yahoo.com logoCobalt International’s Stock Price Forecast Using Implied Volatility
finance.yahoo.com - May 15 at 12:01 PM
finance.yahoo.com logoCalifornia Resources Stock Rose on above-Average Volume
finance.yahoo.com - May 12 at 5:02 PM
finance.yahoo.com logoCalifornia Resources’ Dynamic Capital Program: A Shift
finance.yahoo.com - May 12 at 5:02 PM
finance.yahoo.com logoCalifornia Resources’ Stock Price Range: Weekly Forecast
finance.yahoo.com - May 12 at 5:02 PM
seekingalpha.com logoCalifornia Resources Corporation's Q1: A Review
seekingalpha.com - May 8 at 4:22 PM
finance.yahoo.com logoEdited Transcript of CRC earnings conference call or presentation 4-May-17 9:00pm GMT
finance.yahoo.com - May 6 at 4:44 PM
benzinga.com logoMid-Afternoon Market Update: California Resources Surges On Earnings Beat; ArcBest Shares Slide - Benzinga
www.benzinga.com - May 5 at 4:41 PM
seekingalpha.com logoCalifornia Resources +23% on lighter than expected Q1 loss - Seeking Alpha
seekingalpha.com - May 5 at 4:41 PM
fool.com logoShares of California Resources Corp. Surge 23% on Earnings - Motley Fool
www.fool.com - May 5 at 4:41 PM
fool.com logoShares of California Resources Corp. Surge 23% on Earnings
www.fool.com - May 5 at 2:53 PM
seekingalpha.com logoCalifornia Resources Corporation's (CRC) CEO Todd Stevens on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 5 at 2:44 AM
americanbankingnews.com logoCalifornia Resources Corp (CRC) Issues Earnings Results
www.americanbankingnews.com - May 4 at 11:50 PM
marketbeat.com logoCalifornia Resources beats 1Q profit forecasts
marketbeat.com - May 4 at 7:57 PM
finance.yahoo.com logoCalifornia Resources Corporation Announces First Quarter 2017 Results
finance.yahoo.com - May 4 at 4:37 PM
americanbankingnews.com logoCalifornia Resources Corp (CRC) Given Media Sentiment Score of -0.36
www.americanbankingnews.com - May 2 at 1:42 PM
americanbankingnews.com logoCalifornia Resources Corp (CRC) Set to Announce Quarterly Earnings on Thursday
www.americanbankingnews.com - May 2 at 1:03 PM
finance.yahoo.com logoHow Short Interest in Encana Stock Has Evolved
finance.yahoo.com - April 28 at 5:28 PM
americanbankingnews.com logoCalifornia Resources Corp (CRC) Getting Favorable Media Coverage, Study Shows
www.americanbankingnews.com - April 28 at 10:24 AM
americanbankingnews.com logoCalifornia Resources Corp (CRC) Earns Daily News Impact Score of -0.09
www.americanbankingnews.com - April 25 at 1:28 PM
finance.yahoo.com logoHow Short Interest in SWN Stock Evolved before Its 1Q17 Earnings
finance.yahoo.com - April 25 at 12:03 PM
finance.yahoo.com logoCobalt International’s Stock Price Range Now: Your Forecast from Implied Volatility
finance.yahoo.com - April 25 at 12:03 PM
finance.yahoo.com logoSouthwestern Energy’s Pre-Earnings Stock Price Range Forecast
finance.yahoo.com - April 24 at 9:22 AM
seekingalpha.com logoThe Curious Case Of California Resources Corporation
seekingalpha.com - April 21 at 10:58 AM
americanbankingnews.com logoCalifornia Resources Corp (CRC) Getting Somewhat Favorable News Coverage, AlphaOne Reports
www.americanbankingnews.com - April 20 at 4:53 PM
finance.yahoo.com logoCalifornia Resources Corporation and Macquarie Announce Joint Venture to Invest up to $300 Million in Oil & Gas Properties
finance.yahoo.com - April 19 at 12:44 PM
finance.yahoo.com logoCobalt International Energy’s Weekly Stock Price Range Forecast
finance.yahoo.com - April 18 at 12:15 PM
finance.yahoo.com logoAnalyzing the Short Interest in Cobalt International Energy Stock
finance.yahoo.com - April 18 at 12:15 PM
finance.yahoo.com logoWhy the Numbers Look Bearish for These Upstream Stocks
finance.yahoo.com - April 17 at 12:03 PM
finance.yahoo.com logoConocoPhillips’s Stock Price Range Forecast for the Week
finance.yahoo.com - April 14 at 10:42 AM
finance.yahoo.com logoHow Short Interest in ConocoPhillips Stock Has Evolved
finance.yahoo.com - April 14 at 10:42 AM
americanbankingnews.com logoCalifornia Resources Corp (CRC) Receiving Positive News Coverage, Study Finds
www.americanbankingnews.com - April 14 at 9:22 AM
finance.yahoo.com logoSouthwestern Energy Stock: Price Range Forecast for the Week
finance.yahoo.com - April 11 at 6:07 PM
finance.yahoo.com logoAnalyzing the Short Interest in Southwestern Energy Stock
finance.yahoo.com - April 11 at 6:07 PM
finance.yahoo.com logoCalifornia Resources Corporation Announces Its First Quarter 2017 Earnings Release and Conference Call
finance.yahoo.com - April 10 at 12:13 PM
finance.yahoo.com logoChart in Focus: ConocoPhillips’s Hedging Effectiveness
finance.yahoo.com - April 7 at 9:10 AM
seekingalpha.com logoCalifornia Resources (CRC) Presents At IPAA 23rd Annual Oil & Gas Investment Symposium - Slideshow
seekingalpha.com - April 3 at 4:55 PM
finance.yahoo.com logoCalifornia Resources Corporation to Participate at Upcoming Industry Conferences
finance.yahoo.com - March 27 at 12:29 PM
seekingalpha.com logoCalifornia Resources (CRC) Presents At The Raymond James 38th Annual Institutional Investors Conference 2017
seekingalpha.com - March 8 at 5:13 PM
prnewswire.com logoIndependent Oil & Gas Stocks Under Scanner -- California Resources, Stone Energy, Matador Resources, and Carrizo ... - PR Newswire (press release)
www.prnewswire.com - March 7 at 4:27 PM

Social

Chart

California Resources Corp (CRC) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by MarketBeat.com Staff