About California Resources Corporation (NYSE:CRC)
California 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
Industry Oil & Gas Exploration and Production
Trailing P/E RatioN/A
Forward P/E RatioN/A
Sales & Book Value
Annual Sales$1.55 billion
Price / Sales0.42
Cash Flow$5.03 per share
Price / Cash2.98
Book Value($13.39) per share
Price / Book-1.12
Net Income$279 million
Return on EquityN/A
Return on Assets-3.96%
Frequently Asked Questions for California Resources Corporation (NYSE:CRC)
What is California Resources Corporation's stock symbol?
California Resources Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRC."
When did California Resources Corporation's stock split? How did California Resources Corporation's stock split work?
California Resources Corporation shares 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 market closes on Tuesday, May 31st 2016. An investor that had 100 shares of California Resources Corporation stock prior to the reverse split would have 10 shares after the split.
How were California Resources Corporation's earnings last quarter?
California Resources Corporation (NYSE:CRC) posted its earnings results on Monday, November, 6th. The oil and gas producer reported ($1.22) earnings per share for the quarter, topping the consensus estimate of ($1.61) by $0.39. The oil and gas producer earned $455 million during the quarter, compared to analyst estimates of $476.87 million. The business's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.75) EPS. View California Resources Corporation's Earnings History.
When will California Resources Corporation make its next earnings announcement?
Where is California Resources Corporation's stock going? Where will California Resources Corporation's stock price be in 2017?
4 Wall Street analysts have issued 12-month price targets for California Resources Corporation's stock. Their forecasts range from $10.00 to $18.00. On average, they anticipate California Resources Corporation's share price to reach $13.33 in the next twelve months. View Analyst Ratings for California Resources Corporation.
Who are some of California Resources Corporation's key competitors?
Some companies that are related to California Resources Corporation include Cairn Energy plc (CNE), Unit Corporation (UNT), Advantage Oil & Gas Ltd (AAV), Gran Tierra Energy (GTE), Venoco (VQ), Baytex Energy Corp (BTE), Eclipse Resources Corporation (ECR), Denbury Resources (DNR), UK Oil & Gas Investments PLC (UKOG), Earthstone Energy (ESTE), Hurricane Energy PLC (HUR), Sound Energy plc (SOU), EP Energy Corporation (EPE), Pengrowth Energy Corporation (PGH), Bill Barrett Corporation (BBG), Sanchez Energy Corporation (SN), W&T Offshore (WTI) and SOCO International plc (SIA).
Who owns California Resources Corporation stock?
California Resources Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Mackenzie Financial Corp (4.06%), Restructuring Capital Associates LP (4.04%), Schwab Charles Investment Management Inc. (2.23%), Janus Henderson Group PLC (1.91%), Elm Ridge Management LLC (1.79%) and Commerzbank Aktiengesellschaft FI (1.19%). Company insiders that own California Resources Corporation stock include Charles F Weiss, Justin A Gannon, Robert A Barnes and Todd A Stevens. View Institutional Ownership Trends for California Resources Corporation.
Who sold California Resources Corporation stock? Who is selling California Resources Corporation stock?
California Resources Corporation's stock was sold by a variety of institutional investors in the last quarter, including OxFORD Asset Management LLP, Legal & General Group Plc, Elm Ridge Management LLC, Schwab Charles Investment Management Inc., Bank of New York Mellon Corp, Strs Ohio, Public Employees Retirement System of Ohio and California State Teachers Retirement System. View Insider Buying and Selling for California Resources Corporation.
Who bought California Resources Corporation stock? Who is buying California Resources Corporation stock?
California Resources Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Restructuring Capital Associates LP, Commerzbank Aktiengesellschaft FI, Adams Asset Advisors LLC, Partnervest Advisory Services LLC, GSA Capital Partners LLP, Mraz Amerine & Associates Inc., Janus Henderson Group PLC and Mackenzie Financial Corp. Company insiders that have bought California Resources Corporation stock in the last two years include Charles F Weiss, Justin A Gannon, Robert A Barnes and Todd A Stevens. View Insider Buying and Selling for California Resources Corporation.
How do I buy California Resources Corporation stock?
Shares of California Resources Corporation 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 Corporation's stock price today?
One share of California Resources Corporation stock can currently be purchased for approximately $14.99.
How big of a company is California Resources Corporation?
California Resources Corporation has a market capitalization of $622.44 million and generates $1.55 billion in revenue each year. The oil and gas producer earns $279 million in net income (profit) each year or ($4.85) on an earnings per share basis. California Resources Corporation employs 1,450 workers across the globe.
How can I contact California Resources Corporation?
California Resources Corporation's mailing address is 9200 OAKDALE AVENUE SUITE 900, LOS ANGELES CA, 91311. 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 Corporation (CRC)MarketBeat's community ratings are surveys of what our community members think about California Resources Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for California Resources Corporation (NYSE:CRC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 1 Hold Rating, 2 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.25)|
|Consensus Price Target: ||$13.33 (11.05% downside)|
Consensus Price Target History for California Resources Corporation (NYSE:CRC)
Analysts' Ratings History for California Resources Corporation (NYSE:CRC)
(Data available from 11/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/8/2017||Imperial Capital||Boost Price Target||In-Line||$12.00 -> $18.00||N/A|
|11/7/2017||Societe Generale||Upgrade||Hold -> Buy||N/A|
|11/7/2017||Morgan Stanley||Upgrade||Equal Weight -> Overweight||$12.00||N/A|
|6/30/2017||Bank of America Corporation||Downgrade||Neutral -> Underperform||$22.00 -> $10.00||High|
|1/26/2016||Susquehanna Bancshares Inc||Lower Price Target||Neutral||$20.00 -> $15.00||N/A|
|12/4/2015||BTIG Research||Reiterated Rating||Buy||$60.00||N/A|
|11/23/2015||Ladenburg Thalmann Financial Services||Initiated Coverage||Buy||$70.00||N/A|
Earnings History and Estimates Chart for California Resources Corporation (NYSE:CRC)
Earnings History by Quarter for California Resources Corporation (NYSE CRC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/6/2017||Q3 2017||($1.61)||($1.22)||$476.87 million||$455.00 million||View||N/A|
|8/3/2017||Q2 2017||($1.63)||($1.83)||$450.17 million||$516.00 million||View||Listen|
|5/4/2017||Q1 2017||($1.26)||($1.02)||$486.15 million||$590.00 million||View||Listen|
|2/16/2017||Q416||($1.52)||($1.76)||$468.41 million||$452.00 million||View||Listen|
|11/3/2016||Q316||($1.55)||($1.75)||$431.60 million||$456.00 million||View||Listen|
|8/4/2016||Q216||($1.49)||($1.80)||$437.47 million||$317.00 million||View||Listen|
|5/5/2016||Q116||($0.31)||($0.26)||$423.86 million||$322.00 million||View||Listen|
|2/29/2016||Q415||($0.24)||($0.20)||$558.33 million||$566.00 million||View||Listen|
|11/5/2015||Q315||($0.28)||($0.22)||$556.95 million||$626.00 million||View||Listen|
|2/19/2015||Q4 2014||$0.07||($0.02)||$820.00 million||View||Listen|
Earnings Estimates for California Resources Corporation (NYSE:CRC)
2017 EPS Consensus Estimate: ($2.44)
2018 EPS Consensus Estimate: ($2.69)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for California Resources Corporation (NYSE:CRC)
|Most Recent Dividend:||10/15/2015|
|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 History by Quarter for California Resources Corporation (NYSE CRC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for California Resources Corporation (NYSE CRC)
Insider Ownership Percentage: 0.91%
Institutional Ownership Percentage: 74.40%
Insider Trades by Quarter for California Resources Corporation (NYSE CRC)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/11/2017||Justin A. Gannon||Director||Buy||2,000||$13.60||$27,200.00|| |
|3/7/2016||Robert A Barnes||EVP||Buy||4,800||$2.11||$10,128.00|| |
|3/4/2016||Charles F Weiss||EVP||Buy||8,000||$1.35||$10,800.00|| |
|3/3/2016||Todd A. Stevens||CEO||Buy||11,500||$0.85||$9,775.00|| |
|8/14/2015||Roy Pineci||EVP||Buy||1,000||$3.98||$3,980.00|| |
|8/12/2015||Robert A Barnes||EVP||Buy||2,450||$4.07||$9,971.50|| |
|8/11/2015||Todd A Stevens||CEO||Buy||10,000||$4.00||$40,000.00|| |
|5/5/2015||Justin A Gannon||Director||Buy||10,000||$8.91||$89,100.00|| |
|3/5/2015||Todd A Stevens||CEO||Buy||13,500||$7.31||$98,685.00|| |
|3/2/2015||Robert A Barnes||EVP||Buy||17,000||$7.25||$123,250.00|| |
|12/12/2014||Roy Pineci||EVP||Buy||15,000||$5.61||$84,150.00|| |
|12/9/2014||William E Albrecht||Chairman||Buy||20,000||$5.75||$115,000.00|| |
|12/5/2014||Harold M Korell||Director||Buy||100,000||$6.31||$631,000.00|| |
|12/5/2014||Michael L Preston||EVP||Buy||12,000||$6.41||$76,920.00|| |
|12/5/2014||Michael S Helm||VP||Buy||5,500||$6.75||$37,125.00|| |
|12/2/2014||Roy Pineci||VP||Buy||15,000||$7.19||$107,850.00|| |
|12/1/2014||William E Albrecht||Chairman||Buy||20,000||$7.48||$149,600.00|| |
Latest Headlines for California Resources Corporation (NYSE CRC)
California Resources Corporation (NYSE CRC) Chart for Thursday, November, 23, 2017