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California Resources - CRC Stock Forecast, Price & News

$40.69
-0.60 (-1.45%)
(As of 12/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$40.33
$42.48
50-Day Range
$38.43
$48.81
52-Week Range
$35.95
$51.46
Volume
615,747 shs
Average Volume
805,217 shs
Market Capitalization
$2.99 billion
P/E Ratio
2.81
Dividend Yield
2.74%
Price Target
$56.00

California Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
37.6% Upside
$56.00 Price Target
Short Interest
Healthy
6.01% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.42mentions of California Resources in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
53.86%
From $5.18 to $7.97 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.84 out of 5 stars

Oils/Energy Sector

29th out of 249 stocks

Crude Petroleum & Natural Gas Industry

14th out of 79 stocks

CRC stock logo

About California Resources (NYSE:CRC) Stock

California Resources Corporation operates as an independent oil and natural gas company. The company explores for, produces, gathers, processes, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. As of December 31, 2021, it had interests in approximately 1.9 million net mineral acres with proved reserves totaled an estimated 480 million barrels of oil equivalent. The company also engages in the generation and sale of electricity to the local utility and the grid. The company was incorporated in 2014 and is based in Santa Clarita, California.

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CRC Stock News Headlines

Upcoming Dividend Run For CRC?
StockNews.com Lowers California Resources (NYSE:CRC) to Hold
See More Headlines
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CRC Company Calendar

Last Earnings
11/11/2021
Ex-Dividend for 9/16 Dividend
8/31/2022
Dividend Payable
9/16/2022
Ex-Dividend for 12/16 Dividend
11/30/2022
Today
12/08/2022
Dividend Payable
12/16/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/23/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Fax
N/A
Employees
970
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$56.00
High Stock Price Forecast
$63.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+37.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$612 million
Pretax Margin
36.18%

Debt

Sales & Book Value

Annual Sales
$1.89 billion
Cash Flow
$8.62 per share
Book Value
$21.00 per share

Miscellaneous

Free Float
73,449,000
Market Cap
$2.99 billion
Optionable
Optionable
Beta
1.20

Key Executives

  • Mr. Mark Allen McFarland (Age 53)
    Pres, CEO & Director
    Comp: $3.45M
  • Mr. Francisco J. Leon (Age 45)
    Exec. VP & CFO
    Comp: $1.4M
  • Mr. Shawn M. Kerns (Age 51)
    Exec. VP & COO
    Comp: $1.4M
  • Mr. Michael L. Preston (Age 57)
    Exec. VP, Chief Admin. Officer & Gen. Counsel
    Comp: $1.4M
  • Mr. Jay A. Bys (Age 57)
    Exec. VP & Chief Commercial Officer
    Comp: $1.5M
  • Ms. Noelle M. Repetti (Age 52)
    Sr. VP, Controller & Principal Accounting Officer
  • Cynthia J. Johnson
    Chief Information Officer & VP
  • Joanna Park
    VP of Investor Relations
  • Richard Venn
    Director of Communications
  • Ms. Alana A. Sotiri
    VP of HR













CRC Stock - Frequently Asked Questions

Should I buy or sell California Resources stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CRC shares.
View CRC analyst ratings
or view top-rated stocks.

What is California Resources' stock price forecast for 2023?

5 analysts have issued 12-month price objectives for California Resources' shares. Their CRC share price forecasts range from $48.00 to $63.00. On average, they predict the company's share price to reach $56.00 in the next twelve months. This suggests a possible upside of 35.6% from the stock's current price.
View analysts price targets for CRC
or view top-rated stocks among Wall Street analysts.

How have CRC shares performed in 2022?

California Resources' stock was trading at $42.71 at the beginning of 2022. Since then, CRC stock has decreased by 3.3% and is now trading at $41.29.
View the best growth stocks for 2022 here
.

Are investors shorting California Resources?

California Resources saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 3,790,000 shares, a drop of 9.8% from the October 31st total of 4,200,000 shares. Based on an average daily trading volume, of 693,200 shares, the short-interest ratio is currently 5.5 days. Currently, 6.0% of the shares of the stock are short sold.
View California Resources' Short Interest
.

When is California Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our CRC earnings forecast
.

How were California Resources' earnings last quarter?

California Resources Co. (NYSE:CRC) posted its quarterly earnings results on Thursday, November, 11th. The oil and gas producer reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.51. The oil and gas producer had revenue of $588 million for the quarter, compared to analyst estimates of $522.40 million. California Resources had a trailing twelve-month return on equity of 28.71% and a net margin of 43.44%. During the same period last year, the firm posted $1.68 EPS.

How often does California Resources pay dividends? What is the dividend yield for California Resources?

California Resources announced a quarterly dividend on Wednesday, November 2nd. Shareholders of record on Thursday, December 1st will be given a dividend of $0.282 per share on Friday, December 16th. This represents a $1.13 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Wednesday, November 30th. This is a positive change from the stock's previous quarterly dividend of $0.17.
Read our dividend analysis for CRC
.

Is California Resources a good dividend stock?

California Resources (NYSE:CRC) pays an annual dividend of $1.13 per share and currently has a dividend yield of 2.68%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 7.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRC will have a dividend payout ratio of 14.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRC.

When did California Resources' stock split?

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 market closes 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.

What other stocks do shareholders of California Resources own?

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).

What is California Resources' stock symbol?

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

Who are California Resources' major shareholders?

California Resources' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.00%), Vanguard Group Inc. (9.95%), Kimmeridge Energy Management Company LLC (4.75%), State Street Corp (4.02%), Encompass Capital Advisors LLC (3.59%) and Dimensional Fund Advisors LP (1.68%). 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
.

How do I buy shares of California Resources?

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.
Compare Top Brokerages Here.

What is California Resources' stock price today?

One share of CRC stock can currently be purchased for approximately $41.29.

How much money does California Resources make?

California Resources (NYSE:CRC) has a market capitalization of $3.03 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 $14.47 on an earnings per share basis.

How many employees does California Resources have?

The company employs 970 workers across the globe.

How can I contact California Resources?

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.

This page (NYSE:CRC) was last updated on 12/8/2022 by MarketBeat.com Staff