NYSE:CRCCalifornia Resources Stock Price, Forecast & News

California Resources' stock was trading at $2.96 on March 11th, 2020 when COVID-19 (Coronavirus) 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) issued its earnings results on Thursday, June, 25th. The oil and gas producer reported ($0.16) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.71) by $1.55. The oil and gas producer earned $573 million during the quarter, compared to analyst estimates 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.

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.

3 brokers have issued 1 year price objectives for California Resources' shares. Their forecasts range from $11.00 to $24.00. On average, they anticipate 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 trended negative this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of 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 -5 to 5, with scores nearest to five being the most favorable. California Resources earned a news sentiment score of -2.1 on InfoTrie's scale. They also assigned headlines about the oil and gas producer a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news about California Resources.

California Resources saw a decline in short interest in 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 currently 3.0 days. Approximately 28.8% of the shares of the company are sold short. View California Resources' Current Options Chain.

Some companies that are related to California Resources include Earthstone Energy (ESTE), Gulfport Energy (GPOR), Laredo Petroleum (LPI), Primeenergy Resources (PNRG), Montage Resources (MR), Penn Virginia (PVAC), Denbury Resources (DNR), Chesapeake Energy (CHK), Whiting Petroleum (WLL), Epsilon Energy (EPSN), VAALCO Energy (EGY), TETRA Technologies (TTI), HighPoint Resources (HPR), Painted Pony Energy (PDPYF) and Amplify Energy (AMPY). 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]