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S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
NYSE:CRC

California Resources (CRC) Stock Forecast, Price & News

$45.20
+0.71 (+1.60%)
(As of 05/27/2022 12:00 AM ET)
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Today's Range
$44.29
$45.34
50-Day Range
$39.33
$49.48
52-Week Range
$24.88
$50.44
Volume
694,963 shs
Average Volume
845,842 shs
Market Capitalization
$3.51 billion
P/E Ratio
7.07
Dividend Yield
1.53%
Beta
0.72
30 days | 90 days | 365 days | Advanced Chart
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California Resources logo

About California Resources

California 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.

Headlines

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Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Fax
N/A
Employees
970
Year Founded
N/A

Sales & Book Value

Annual Sales
$1.89 billion
Cash Flow
$9.87 per share
Book Value
$18.46 per share

Profitability

Net Income
$612 million
Pretax Margin
6.97%

Debt

Price-To-Earnings

Miscellaneous

Free Float
77,608,000
Market Cap
$3.51 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/16 Dividend
3/04/2022
Dividend Payable
3/16/2022
Last Earnings
5/05/2022
Today
5/28/2022
Ex-Dividend for 6/16 Dividend
5/31/2022
Dividend Payable
6/16/2022
Next Earnings (Confirmed)
8/04/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

3.15 out of 5 stars

Oils/Energy Sector

2nd out of 386 stocks

Crude Petroleum & Natural Gas Industry

2nd out of 124 stocks

Analyst Opinion: 3.5Community Rank: 4.1Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 3.1 5 -4 -3 -2 -1 -













California Resources (NYSE:CRC) Frequently Asked Questions

Is California Resources a buy right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" California Resources stock.
View analyst ratings for California Resources
or view top-rated stocks.

When is California Resources' next earnings date?

California Resources is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for California Resources
.

How can I listen to California Resources' earnings call?

California Resources will be holding an earnings conference call on Thursday, August 4th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were California Resources' earnings last quarter?

California Resources Co. (NYSE:CRC) released its quarterly earnings results on Thursday, May, 5th. The oil and gas producer reported $1.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by $0.19. The oil and gas producer had revenue of $153 million for the quarter, compared to the consensus estimate of $443.19 million. California Resources had a trailing twelve-month return on equity of 38.92% and a net margin of 31.63%. The firm's quarterly revenue was down 57.9% on a year-over-year basis. During the same quarter last year, the company posted $1.22 earnings per share.
View California Resources' earnings history
.

How often does California Resources pay dividends? What is the dividend yield for California Resources?

California Resources declared a quarterly dividend on Thursday, May 5th. Investors of record on Wednesday, June 1st will be paid a dividend of $0.17 per share on Thursday, June 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Tuesday, May 31st.
View California Resources' dividend history
.

Is California Resources a good dividend stock?

California Resources pays an annual dividend of $0.68 per share and currently has a dividend yield of 1.53%. California Resources does not yet have a strong track record of dividend growth. The dividend payout ratio of California Resources is 10.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, California Resources will have a dividend payout ratio of 8.76% next year. This indicates that California Resources will be able to sustain or increase its dividend.
View California Resources' dividend history.

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

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

What price target have analysts set for CRC?

5 brokerages have issued 1-year target prices for California Resources' shares. Their forecasts range from $51.00 to $64.00. On average, they anticipate California Resources' share price to reach $57.80 in the next year. This suggests a possible upside of 27.9% from the stock's current price.
View analysts' price targets for California Resources
or view top-rated stocks among Wall Street analysts.

Who are California Resources' key executives?
California Resources' management team includes the following people:
  • Mr. Mark Allen McFarland, Pres, CEO & Director (Age 53, Pay $3.45M)
  • Mr. Francisco J. Leon, Exec. VP & CFO (Age 45, Pay $1.4M)
  • Mr. Shawn M. Kerns, Exec. VP & COO (Age 51, Pay $1.4M)
  • Mr. Michael L. Preston, Exec. VP, Chief Admin. Officer & Gen. Counsel (Age 57, Pay $1.4M)
  • Mr. Jay A. Bys, Exec. VP & Chief Commercial Officer (Age 57, Pay $1.5M)
  • Ms. Noelle M. Repetti, Sr. VP, Controller & Principal Accounting Officer (Age 52)
  • Cynthia J. Johnson, Chief Information Officer & VP
  • Joanna Park, VP of Investor Relations
  • Richard Venn, Director of Communications
  • Ms. Alana A. Sotiri, VP of HR
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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.83%), Vanguard Group Inc. (9.65%), Gimbel Daniel Scott (8.04%), Ares Management LLC (7.68%), State Street Corp (4.25%) and Northern Trust Corp (1.16%). Company insiders that own California Resources 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 for California Resources
.

Which institutional investors are selling California Resources stock?

CRC stock was sold by a variety of institutional investors in the last quarter, including Ares Management LLC, BlackRock Inc., Canada Pension Plan Investment Board, Goldman Sachs Group Inc., Invesco Ltd., Royal Bank of Canada, Northern Trust Corp, and Monarch Partners Asset Management LLC. Company insiders that have sold California Resources company stock in the last year include Ares Management Llc, Bo Kruse, Bob D Brown, Burt W Podbere, Goldentree Asset Management Lp, Guy Carling, and Suku Krishnaraj Chettiar.
View insider buying and selling activity for California Resources
or view top insider-selling stocks.

Which institutional investors are buying California Resources stock?

CRC stock was acquired by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Renaissance Technologies LLC, State Street Corp, Private Management Group Inc., First Trust Advisors LP, Dimensional Fund Advisors LP, Loomis Sayles & Co. L P, and Russell Investments Group Ltd.. Company insiders that have bought California Resources stock in the last two years include Goldentree Asset Management Lp, Tiffany Thom Cepak, Todd A Stevens, and William B Roby.
View insider buying and selling activity for California Resources
or or view top insider-buying stocks.

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 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 $45.20.

How much money does California Resources make?

California Resources has a market capitalization of $3.51 billion and generates $1.89 billion in revenue each year. The oil and gas producer earns $612 million in net income (profit) each year or $6.389990 on an earnings per share basis.

How many employees does California Resources have?

California Resources employs 970 workers across the globe.

What is California Resources' official website?

The official website for California Resources is www.crc.com.

How can I contact California Resources?

California Resources' mailing address is 27200 TOURNEY ROAD SUITE 200, SANTA CLARITA CA, 91355. The oil and gas producer can be reached via phone at 888-848-4754 or via email at [email protected].

This page was last updated on 5/28/2022 by MarketBeat.com Staff

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