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 (WHO). Since then, CRC shares have 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) posted its earnings results on Thursday, June, 25th. The oil and gas producer reported ($0.16) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($1.71) by $1.55. The oil and gas producer earned $573 million during the quarter, compared to the consensus estimate of $505.75 million. California Resources had a negative return on equity of 4.31% and a negative net margin of 69.81%. 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 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.

3 Wall Street analysts have issued 1 year price targets for California Resources' shares. Their forecasts range from $11.00 to $24.00. On average, they expect 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 been trending negative on Friday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. California Resources earned a media sentiment score of -2.3 on InfoTrie's scale. They also gave media coverage about the oil and gas producer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news about California Resources.

California Resources saw a decline in short interest during the month of June. As of June 30th, there was short interest totaling 13,650,000 shares, a decline 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 shares of the stock are sold short. View California Resources' Current Options Chain.

Some companies that are related to California Resources include DELEK GRP LTD/ADR (DGRLY), Oasis Petroleum (OAS), Centennial Resource Development (CDEV), Advantage Oil & Gas (AAVVF), Gulfport Energy (GPOR), Earthstone Energy (ESTE), Primeenergy Resources (PNRG), Laredo Petroleum (LPI), Montage Resources (MR), Denbury Resources (DNR), Penn Virginia (PVAC), Chesapeake Energy (CHK), Whiting Petroleum (WLL), Chesapeake Energy (CHKAQ) and Epsilon Energy (EPSN). 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]