NYSE:CRC - California Resources Stock Price, Forecast & News

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

California Resources's stock 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 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.

California Resources Corp (NYSE:CRC) issued its earnings results on Wednesday, February, 26th. The oil and gas producer reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.37 by $0.36. The oil and gas producer had revenue of $610 million for the quarter, compared to analysts' expectations of $676.15 million. California Resources had a negative return on equity of 23.46% and a net margin of 12.41%. View California Resources' Earnings History.

California Resources is scheduled to release their next quarterly earnings announcement on Thursday, May 7th 2020. View Earnings Estimates for California Resources.

5 Wall Street analysts have issued 1-year target prices for California Resources' shares. Their forecasts range from $11.00 to $35.00. On average, they anticipate California Resources' share price to reach $24.00 in the next twelve months. This suggests a possible upside of 321.8% from the stock's current price. View Analyst Price Targets for California Resources.

5 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for California Resources.

Media coverage about CRC stock has been trending extremely negative recently, according to InfoTrie. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. California Resources earned a coverage optimism score of -4.2 on InfoTrie's scale. They also gave news coverage about the oil and gas producer a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for California Resources.

California Resources saw a increase in short interest during the month of February. As of February 14th, there was short interest totalling 16,500,000 shares, an increase of 10.6% from the January 30th total of 14,920,000 shares. Based on an average daily volume of 2,680,000 shares, the days-to-cover ratio is presently 6.2 days. Approximately 34.4% of the shares of the stock are sold short. View California Resources' Current Options Chain.

Some companies that are related to California Resources include Hess Midstream Partners (HESM), Comstock Resources (CRK), GeoPark (GPRK), Enerplus (ERF), CNX Resources (CNX), Tellurian (TELL), Talos Energy (TALO), Chesapeake Energy (CHK), Southwestern Energy (SWN), SM Energy (SM), Brigham Minerals (MNRL), Carrizo Oil & Gas (CRZO), Range Resources (RRC), Kimbell Royalty Partners (KRP) and Centennial Resource Development (CDEV).

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), Northern Trust (NTRS), BreitBurn Energy Partners (BBEPQ), U.S. Energy (USEG) and General Electric (GE).

California Resources' stock is owned by a number of of institutional and retail investors. Top institutional investors include State Street Corp (8.85%), Masters Capital Management LLC (2.34%), Geode Capital Management LLC (1.27%), ArrowMark Colorado Holdings LLC (0.74%), Charles Schwab Investment Management Inc. (0.61%) and Bank of New York Mellon Corp (0.47%). Company insiders that own California Resources stock include Avedick Baruyr Poladian, Darren Williams, Harold M Korell, Harry T Mcmahon, Laurie Siegel, Marshall D Smith, Todd A Stevens and William E Albrecht. View Institutional Ownership Trends for California Resources.

CRC stock was sold by a variety of institutional investors in the last quarter, including Masters Capital Management LLC, Goldman Sachs Group Inc., Rafferty Asset Management LLC, Blueshift Asset Management LLC, Quantbot Technologies LP, Geode Capital Management LLC, Mraz Amerine & Associates Inc. and Bank of New York Mellon Corp. View Insider Buying and Selling for California Resources.

CRC stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Teacher Retirement System of Texas, SG Americas Securities LLC, Caymus Capital Partners L.P., ArrowMark Colorado Holdings LLC, 361 Capital LLC, IPG Investment Advisors LLC and Independent Advisor Alliance. Company insiders that have bought California Resources stock in the last two years include Avedick Baruyr Poladian, Darren Williams, Harold M Korell, Harry T Mcmahon, Laurie Siegel, Marshall D Smith and Todd A Stevens. View Insider Buying and Selling for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of CRC stock can currently be purchased for approximately $5.69.

California Resources has a market capitalization of $279.48 million and generates $3.06 billion in revenue each year. The oil and gas producer earns $328 million in net income (profit) each year or $1.27 on an earnings per share basis. California Resources employs 1,500 workers across the globe.View Additional Information About California Resources.

The official website for California Resources is http://www.crc.com/.

California Resources' mailing address is 27200 TOURNEY ROAD SUITE 315, SANTA CLARITA CA, 91355. The oil and gas producer can be reached via phone at 888-848-4754 or via email at [email protected]