About California Resources (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 Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:CRC
CUSIPN/A
Phone888-848-4754
Debt
Debt-to-Equity Ratio-7.37%
Current Ratio0.66%
Quick Ratio0.58%
Price-To-Earnings
Trailing P/E Ratio-5.68
Forward P/E Ratio-10.65
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.01 billion
Price / Sales0.53
Cash Flow$7.0085 per share
Price / Cash3.54
Book Value($16.80) per share
Price / Book-1.48
Profitability
EPS (Most Recent Fiscal Year)($4.40)
Net Income$-266,000,000.00
Net Margins-13.26%
Return on EquityN/A
Return on Assets-3.02%
Miscellaneous
Employees1,450
Outstanding Shares42,900,000
California Resources (NYSE:CRC) Frequently Asked Questions
What is California Resources' stock symbol?
California Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRC."
When did California Resources' stock split? How did California Resources' stock split work?
Shares of California Resources 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.
How were California Resources' earnings last quarter?
California Resources Corp (NYSE:CRC) posted its earnings results on Monday, February, 26th. The oil and gas producer reported ($0.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.54) by $0.21. The oil and gas producer had revenue of $455 million for the quarter, compared to analyst estimates of $540.57 million. The firm's quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.76) earnings per share. View California Resources' Earnings History.
When is California Resources' next earnings date?
What price target have analysts set for CRC?
5 Wall Street analysts have issued twelve-month price targets for California Resources' shares. Their forecasts range from $12.00 to $27.50. On average, they anticipate California Resources' share price to reach $22.90 in the next twelve months. View Analyst Ratings for California Resources.
Who are some of California Resources' key competitors?
Some companies that are related to California Resources include ARC Resources (AETUF), PDC Energy (PDCE), Matador Resources (MTDR), Whiting Petroleum (WLL), Black Stone Minerals (BSM), Range Resources (RRC), Viper Energy Partners (VNOM), Oasis Petroleum (OAS), Jagged Peak Energy (JAG), Qep Resources (QEP), Enerplus (ERF), Callon Petroleum (CPE), Kosmos Energy (KOS), Chesapeake Energy (CHK) and Laredo Petroleum (LPI).
Has California Resources been receiving favorable news coverage?
Media stories about CRC stock have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. California Resources earned a daily sentiment score of 0.01 on Accern's scale. They also assigned headlines about the oil and gas producer an impact score of 45.02 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is California Resources' stock price today?
One share of CRC stock can currently be purchased for approximately $24.81.
How big of a company is California Resources?
California Resources has a market capitalization of $1.00 billion and generates $2.01 billion in revenue each year. The oil and gas producer earns $-266,000,000.00 in net income (profit) each year or ($4.40) on an earnings per share basis. California Resources employs 1,450 workers across the globe.
How can I contact California Resources?
California Resources' 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 (CRC)
MarketBeat's community ratings are surveys of what our community members think about California Resources and other stocks. Vote "Outperform" if you believe CRC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CRC will underperform the S&P 500 over the long term. You may vote once every thirty days.
California Resources (NYSE:CRC) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
5 Wall Street analysts have issued ratings and price targets for California Resources in the last 12 months. Their average twelve-month price target is $22.90, suggesting that the stock has a possible downside of 7.70%. The high price target for CRC is $27.50 and the low price target for CRC is $12.00. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Hold |
| Consensus Rating Score: | 2.80 | 2.80 | 2.50 | 1.67 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
2 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $22.90 | $22.90 | $18.00 | $11.3333 |
| Price Target Upside: | 7.70% downside | 28.15% upside | 17.96% downside | 8.56% upside |
California Resources (NYSE:CRC) Consensus Price Target History
California Resources (NYSE:CRC) Analyst Ratings History
Show:
(Data available from 4/25/2016 forward)
California Resources (NYSE:CRC) Dividend Information
California Resources pays an annual dividend of $0.00 per share, with a dividend yield of 0.00%. CRC's most recent quarterly dividend payment was Thursday, October 15. California Resources pays out 0.00% of its earnings out as a dividend.
| Most Recent Dividend: | 10/15/2015 |
| Dividend Yield: | 0.00% |
| 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)
|
California Resources (NYSE:CRC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/6/2015 | quarterly | $0.01 | 0.86% | 9/8/2015 | 9/10/2015 | 10/15/2015 |
| 5/8/2015 | quarterly | $0.01 | 0.49% | 6/8/2015 | 6/10/2015 | 7/15/2015 |
| 3/2/2015 | special | $0.01 | | 3/6/2015 | 3/10/2015 | 4/15/2015 |
(Data available from 1/1/2013 forward)
California Resources (NYSE CRC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.31%
Institutional Ownership Percentage: 73.88%
California Resources (NYSE CRC) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/1/2018 | Harry T Mcmahon | Director | Buy | 35,530 | $14.18 | $503,815.40 | 48,773 |  |
| 3/1/2018 | Todd A Stevens | Insider | Buy | 1,000 | $13.62 | $13,620.00 | 256,484 | |
| 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 | 132,114 | |
| 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 | 527,097 | |
| 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 | | |
(Data available from 1/1/2013 forward)
California Resources (NYSE CRC) News Headlines
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California Resources (NYSE:CRC) SEC Filings
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California Resources (NYSE:CRC) Income Statement, Balance Sheet and Cash Flow Statement
California Resources (NYSE CRC) Stock Chart for Wednesday, April, 25, 2018
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