NYSE:CRCCalifornia Resources Stock Price, Forecast & News

California Resources' stock was trading at $2.96 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CRC stock has decreased by 59.5% and is now trading at $1.20. View which stocks have been most impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for California Resources.

California Resources is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for California Resources.

California Resources Corp (NYSE:CRC) released its quarterly earnings data on Thursday, June, 25th. The oil and gas producer reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($1.71) by $1.55. The oil and gas producer had revenue of $573 million for the quarter, compared to analysts' expectations of $505.75 million. California Resources had a negative net margin of 69.81% and a negative return on equity of 11.88%. View California Resources' earnings history.

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 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.

3 brokers have issued 12 month price targets for California Resources' shares. Their forecasts range from $11.00 to $24.00. On average, they anticipate California Resources' stock price to reach $17.50 in the next year. This suggests a possible upside of 1,358.3% from the stock's current price. View analysts' price targets for California Resources.

Media stories about CRC stock have trended negative this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. California Resources earned a news impact score of -2.1 on InfoTrie's scale. They also assigned news headlines about the oil and gas producer a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news about California Resources.

California Resources saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 13,650,000 shares, a decrease of 7.3% from the June 15th total of 14,730,000 shares. Based on an average daily trading volume, of 4,540,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 28.8% of the company's shares are short sold. View California Resources' Current Options Chain.

Some companies that are related to California Resources include Advantage Oil & Gas (AAVVF), Earthstone Energy (ESTE), Gulfport Energy (GPOR), Laredo Petroleum (LPI), Montage Resources (MR), Primeenergy Resources (PNRG), Penn Virginia (PVAC), Denbury Resources (DNR), Whiting Petroleum (WLL), Epsilon Energy (EPSN), VAALCO Energy (EGY), TETRA Technologies (TTI), Amplify Energy (AMPY), HighPoint Resources (HPR) and Painted Pony Energy (PDPYF). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other California Resources investors own include Macrocure (MCUR), LinnCo (LNCOQ), Adverum Biotechnologies (ADVM), Great Basin Scientific (GBSN), Occidental Petroleum (OXY), Bank of America (BAC), BreitBurn Energy Partners (BBEPQ), Northern Trust (NTRS), U.S. Energy (USEG) and Advanced Micro Devices (AMD).

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

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, Robinhood, Fidelity, and Charles Schwab.

One share of CRC stock can currently be purchased for approximately $1.20.

California Resources has a market capitalization of $59.34 million and generates $2.63 billion in revenue each year. The oil and gas producer earns $-28,000,000.00 in net income (profit) each year or $1.40 on an earnings per share basis. California Resources employs 1,250 workers across the globe.

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

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]