California Resources - CRC Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last year. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CRC shares.
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4 brokerages have issued twelve-month price objectives for California Resources' stock. Their CRC share price forecasts range from $48.00 to $60.00. On average, they anticipate the company's stock price to reach $52.00 in the next twelve months. This suggests a possible upside of 43.9% from the stock's current price.
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California Resources' stock was trading at $42.71 at the beginning of the year. Since then, CRC shares have decreased by 15.4% and is now trading at $36.14.
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California Resources saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 3,300,000 shares, a decrease of 19.3% from the August 15th total of 4,090,000 shares. Based on an average daily trading volume, of 874,500 shares, the days-to-cover ratio is currently 3.8 days. Approximately 4.9% of the shares of the stock are short sold.
View California Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 10th 2022.
View our CRC earnings forecast.

California Resources Co. (NYSE:CRC) issued its earnings results on Wednesday, August, 3rd. The oil and gas producer reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by $0.83. The oil and gas producer earned $747 million during the quarter. California Resources had a net margin of 39.21% and a trailing twelve-month return on equity of 35.57%.

California Resources declared a quarterly dividend on Wednesday, August 3rd. Stockholders of record on Thursday, September 1st will be given a dividend of $0.17 per share on Friday, September 16th. This represents a $0.68 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Wednesday, August 31st.
Read our dividend analysis for CRC.

California Resources (NYSE:CRC) pays an annual dividend of $0.68 per share and currently has a dividend yield of 1.81%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRC will have a dividend payout ratio of 7.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRC.

Shares of California Resources 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 stock prior to the reverse split would have 10 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other California Resources investors own include Macrocure Ltd. - Ordinary Share (MCUR), LinnCo (LNCOQ), Adverum Biotechnologies (ADVM), Occidental Petroleum (OXY), (GBSN) (GBSN), Bank of America (BAC), Northern Trust (NTRS), (BBEPQ) (BBEPQ), Oasis Petroleum (OAS) and Whiting Petroleum (WLL).

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

California Resources' stock is owned by many different institutional and retail investors. Top institutional shareholders include FMR LLC (10.39%), State Street Corp (4.66%), Corvex Management LP (4.49%), Encompass Capital Advisors LLC (3.58%), Principal Financial Group Inc. (1.65%) and Northern Trust Corp (1.18%). Insiders that own company stock include Ares Management Llc, Bo Kruse, Bob D Brown, Burt W Podbere, Goldentree Asset Management Lp, Guy Carling, Suku Krishnaraj Chettiar, Tiffany Thom Cepak, Todd A Stevens and William B Roby.
View institutional ownership trends.

Shares of CRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CRC stock can currently be purchased for approximately $36.14.

California Resources (NYSE:CRC) has a market capitalization of $2.72 billion and generates $1.89 billion in revenue each year. The oil and gas producer earns $612 million in net income (profit) each year or $10.14 on an earnings per share basis.

The company employs 970 workers across the globe.

California Resources' mailing address is 27200 TOURNEY ROAD SUITE 200, SANTA CLARITA CA, 91355. The official website for the company is www.crc.com. The oil and gas producer can be reached via phone at 888-848-4754 or via email at scott.espenshade@crc.com.