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

California Resources' stock was trading at $2.96 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CRC shares have decreased by 68.2% and is now trading at $0.94. View which stocks have been mosted impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last year. There are currently 2 sell ratings, 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, May 7th 2020. View our earnings forecast for California Resources.

California Resources Corp (NYSE:CRC) issued its earnings results on Wednesday, February, 26th. The oil and gas producer reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.36. The oil and gas producer earned $610 million during the quarter, compared to the consensus estimate of $676.15 million. California Resources had a negative net margin of 1.06% and a negative return on equity of 26.12%. View California Resources' earnings history.

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

4 analysts have issued twelve-month price objectives for California Resources' shares. Their forecasts range from $11.00 to $30.00. On average, they expect California Resources' share price to reach $21.25 in the next year. This suggests a possible upside of 2,160.6% from the stock's current price. View analysts' price targets for California Resources.

Press coverage about CRC stock has trended very negative on Thursday, InfoTrie Sentiment reports. The research group scores the sentiment of press 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 closest to five being the most favorable. California Resources earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned news stories about the oil and gas producer a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutCalifornia Resources.

Some companies that are related to California Resources include Advantage Oil & Gas (AAVVF), Berry Petroleum (BRY), Falcon Minerals (FLMN), Primeenergy Resources (PNRG), SM Energy (SM), SUNDANCE ENERGY/S (SNDE), Earthstone Energy (ESTE), Oasis Petroleum (OAS), Laredo Petroleum (LPI), Denbury Resources (DNR), QEP Resources (QEP), Montage Resources (MR), Centennial Resource Development (CDEV), Gulfport Energy (GPOR) and Epsilon Energy (EPSN).

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 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 $0.94.

California Resources has a market capitalization of $46.40 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. 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 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]