NYSE:CRC - California Resources Stock Price, Price Target & More

$24.81 +0.81 (+3.38 %)
(As of 04/25/2018 12:18 PM ET)
Previous Close$24.00
Today's Range$23.69 - $25.12
52-Week Range$6.47 - $25.32
Volume1.32 million shs
Average Volume1.74 million shs
Market Capitalization$1.00 billion
P/E Ratio-5.68
Dividend YieldN/A
Beta5.86

About California Resources (NYSE:CRC)

California Resources logoCalifornia 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.

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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

How to Become a New Pot Stock Millionaire

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?

California Resources is scheduled to release their next quarterly earnings announcement on Thursday, May, 3rd 2018. View Earnings Estimates for California Resources.

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?

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)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  156 (Vote Outperform)
Underperform Votes:  199 (Vote Underperform)
Total Votes:  355
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.

Analyst Ratings

California Resources (NYSE:CRC) Price Target and Consensus Rating

  (How are Consensus Ratings Calculated?)
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."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: BuyBuyBuyHold
Consensus Rating Score: 2.802.802.501.67
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% downside28.15% upside17.96% downside8.56% upside

California Resources (NYSE:CRC) Consensus Price Target History

Price Target History for California Resources (NYSE:CRC)

California Resources (NYSE:CRC) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
2/12/2018Imperial CapitalUpgradeIn-Line -> Outperform$26.00HighView Rating Details
2/9/2018Societe GeneraleUpgradeHold -> Buy$17.91 -> $25.00HighView Rating Details
2/1/2018Goldman SachsUpgradeSell -> Neutral$27.50HighView Rating Details
1/16/2018Bank of AmericaUpgradeNeutral -> BuyHighView Rating Details
11/7/2017Morgan StanleyUpgradeEqual Weight -> Overweight$12.00N/AView Rating Details
(Data available from 4/25/2016 forward)

Earnings

California Resources (NYSE:CRC) Earnings History and Estimates Chart

Earnings by Quarter for California Resources (NYSE:CRC)

California Resources (NYSE:CRC) Earnings Estimates

2018 EPS Consensus Estimate: ($4.25)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20181($1.09)($1.09)($1.09)
Q2 20181($0.96)($0.96)($0.96)
Q3 20181($1.10)($1.10)($1.10)
Q4 20181($1.10)($1.10)($1.10)

California Resources (NYSE CRC) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/3/2018($0.40)N/AView Earnings Details
2/26/2018Q4 2017($0.54)($0.33)$540.57 million$455.00 millionViewListenView Earnings Details
11/6/2017Q3 2017($1.61)($1.22)$476.87 million$455.00 millionViewN/AView Earnings Details
8/3/2017Q2 2017($1.63)($1.83)$450.17 million$516.00 millionViewListenView Earnings Details
5/4/2017Q1 2017($1.2550)($1.02)$486.15 million$590.00 millionViewListenView Earnings Details
2/16/2017Q416($1.52)($1.76)$468.41 million$452.00 millionViewListenView Earnings Details
11/3/2016Q316($1.55)($1.75)$431.60 million$456.00 millionViewListenView Earnings Details
8/4/2016Q216($1.49)($1.80)$437.47 million$317.00 millionViewListenView Earnings Details
5/5/2016Q116($0.31)($0.26)$423.86 million$322.00 millionViewListenView Earnings Details
2/29/2016Q415($0.24)($0.20)$558.33 million$566.00 millionViewListenView Earnings Details
11/5/2015Q315($0.28)($0.22)$556.95 million$626.00 millionViewListenView Earnings Details
8/6/2015Q2 2015($1.40)($1.40)$634.00 millionViewN/AView Earnings Details
4/30/2015Q1($0.26)($0.25)$577.00 millionViewListenView Earnings Details
2/19/2015Q4 2014$0.07($0.02)$820.00 millionViewListenView Earnings Details
(Earnings results data provided by Zacks Investment Research)

Dividends

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)
Dividend Payments by Quarter for California Resources (NYSE:CRC)

California Resources (NYSE:CRC) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/6/2015quarterly$0.010.86%9/8/20159/10/201510/15/2015
5/8/2015quarterly$0.010.49%6/8/20156/10/20157/15/2015
3/2/2015special$0.013/6/20153/10/20154/15/2015
(Data available from 1/1/2013 forward)

Insider Trades

California Resources (NYSE CRC) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 1.31%
Institutional Ownership Percentage: 73.88%
Insider Trading History for California Resources (NYSE:CRC)
Insider Trading History for California Resources (NYSE:CRC)

California Resources (NYSE CRC) Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
3/1/2018Harry T McmahonDirectorBuy35,530$14.18$503,815.4048,773View SEC Filing  
3/1/2018Todd A StevensInsiderBuy1,000$13.62$13,620.00256,484View SEC Filing  
5/11/2017Justin A. GannonDirectorBuy2,000$13.60$27,200.00View SEC Filing  
3/7/2016Robert A BarnesEVPBuy4,800$2.11$10,128.00132,114View SEC Filing  
3/4/2016Charles F WeissEVPBuy8,000$1.35$10,800.00View SEC Filing  
3/3/2016Todd A. StevensCEOBuy11,500$0.85$9,775.00527,097View SEC Filing  
8/14/2015Roy PineciEVPBuy1,000$3.98$3,980.00View SEC Filing  
8/12/2015Robert A BarnesEVPBuy2,450$4.07$9,971.50View SEC Filing  
8/11/2015Todd A StevensCEOBuy10,000$4.00$40,000.00View SEC Filing  
5/5/2015Justin A GannonDirectorBuy10,000$8.91$89,100.00View SEC Filing  
3/5/2015Todd A StevensCEOBuy13,500$7.31$98,685.00View SEC Filing  
3/2/2015Robert A BarnesEVPBuy17,000$7.25$123,250.00View SEC Filing  
12/12/2014Roy PineciEVPBuy15,000$5.61$84,150.00View SEC Filing  
12/9/2014William E AlbrechtChairmanBuy20,000$5.75$115,000.00View SEC Filing  
12/5/2014Harold M KorellDirectorBuy100,000$6.31$631,000.00View SEC Filing  
12/5/2014Michael L PrestonEVPBuy12,000$6.41$76,920.00View SEC Filing  
12/5/2014Michael S HelmVPBuy5,500$6.75$37,125.00View SEC Filing  
12/2/2014Roy PineciVPBuy15,000$7.19$107,850.00View SEC Filing  
12/1/2014William E AlbrechtChairmanBuy20,000$7.48$149,600.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

California Resources (NYSE CRC) News Headlines

Source:
DateHeadline
California Resources Corp (CRC) Given Consensus Rating of "Hold" by BrokeragesCalifornia Resources Corp (CRC) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - April 21 at 3:48 AM
Insider Bets Paying Off At CRC As New 52-Week High ReachedInsider Bets Paying Off At CRC As New 52-Week High Reached
www.nasdaq.com - April 19 at 8:46 AM
 Brokerages Anticipate California Resources Corp (CRC) Will Post Quarterly Sales of $529.05 Million Brokerages Anticipate California Resources Corp (CRC) Will Post Quarterly Sales of $529.05 Million
www.americanbankingnews.com - April 14 at 1:49 AM
Zacks: Analysts Anticipate California Resources Corp (CRC) Will Announce Earnings of -$0.83 Per ShareZacks: Analysts Anticipate California Resources Corp (CRC) Will Announce Earnings of -$0.83 Per Share
www.americanbankingnews.com - April 12 at 9:12 PM
California Resources Corp Forecasted to Earn Q1 2018 Earnings of ($1.09) Per Share (CRC)California Resources Corp Forecasted to Earn Q1 2018 Earnings of ($1.09) Per Share (CRC)
www.americanbankingnews.com - April 12 at 7:13 AM
California offshore oil firms hit with nearly 400 violationsCalifornia offshore oil firms hit with nearly 400 violations
marketbeat.com - April 11 at 5:25 PM
Chevron Sells Stakes in Elk Hills Field in a Cash-Stock DealChevron Sells Stakes in Elk Hills Field in a Cash-Stock Deal
finance.yahoo.com - April 11 at 5:02 PM
APNewsBreak: California oil firms had nearly 400 violationsAPNewsBreak: California oil firms had nearly 400 violations
marketbeat.com - April 11 at 9:30 AM
California Says a Car-Emissions Deal With Trump Could Be DoableCalifornia Says a Car-Emissions Deal With Trump Could Be Doable
www.bloomberg.com - April 11 at 9:15 AM
California Air Resources Board sues Trump administration over repeal of anti-pollution ruleCalifornia Air Resources Board sues Trump administration over repeal of anti-pollution rule
www.latimes.com - April 11 at 9:15 AM
California Resources (CRC) Presents At 24th Annual Oil & Gas Investment Symposium - SlideshowCalifornia Resources (CRC) Presents At 24th Annual Oil & Gas Investment Symposium - Slideshow
seekingalpha.com - April 10 at 5:03 PM
California Resources Back In Growth Mode - Our Thoughts On The AcquisitionCalifornia Resources Back In Growth Mode - Our Thoughts On The Acquisition
seekingalpha.com - April 10 at 5:03 PM
Why Oil Stocks Are Red-Hot TodayWhy Oil Stocks Are Red-Hot Today
finance.yahoo.com - April 10 at 5:03 PM
BRIEF-California Resources Corp Acquisition Consolidates Interests In Elk Hills FieldBRIEF-California Resources Corp Acquisition Consolidates Interests In Elk Hills Field
www.reuters.com - April 10 at 9:06 AM
California Resources buys Elk Hills interests from Chevron for cash, stockCalifornia Resources buys Elk Hills interests from Chevron for cash, stock
seekingalpha.com - April 10 at 9:06 AM
California Resources (CRC) Says Acquisition Consolidates Interests in Elk Hills FieldCalifornia Resources (CRC) Says Acquisition Consolidates Interests in Elk Hills Field
www.streetinsider.com - April 10 at 9:06 AM
California Resources Corporation Acquisition Consolidates Interests in Elk Hills FieldCalifornia Resources Corporation Acquisition Consolidates Interests in Elk Hills Field
finance.yahoo.com - April 10 at 9:06 AM
California Credit Union Launches Comprehensive Suite of Online Financial Education & Management ToolsCalifornia Credit Union Launches Comprehensive Suite of Online Financial Education & Management Tools
www.prnewswire.com - April 9 at 4:57 PM
Yosemite Valley to reopen after storm brought flooding to parts of Northern CaliforniaYosemite Valley to reopen after storm brought flooding to parts of Northern California
www.latimes.com - April 9 at 4:57 PM
Occidental Lowers Permian CostsOccidental Lowers Permian Costs
seekingalpha.com - April 9 at 8:59 AM
California Resources (CRC) Coverage Initiated by Analysts at Imperial CapitalCalifornia Resources (CRC) Coverage Initiated by Analysts at Imperial Capital
www.americanbankingnews.com - April 8 at 8:38 AM
California Resources (CRC) Price Target Raised to $12.00 at Morgan StanleyCalifornia Resources (CRC) Price Target Raised to $12.00 at Morgan Stanley
www.americanbankingnews.com - April 6 at 3:01 PM
California Resources (CRC) Stock Rating Upgraded by ValuEngineCalifornia Resources (CRC) Stock Rating Upgraded by ValuEngine
www.americanbankingnews.com - April 6 at 11:38 AM
What Dented Oil Prices?What Dented Oil Prices?
finance.yahoo.com - April 3 at 5:04 PM
California Resources Corporation Announces Its First Quarter 2018 Earnings Release and Conference CallCalifornia Resources Corporation Announces Its First Quarter 2018 Earnings Release and Conference Call
finance.yahoo.com - April 2 at 5:02 PM
California Resources Corporation to Participate in Upcoming Industry Conferences in AprilCalifornia Resources Corporation to Participate in Upcoming Industry Conferences in April
finance.yahoo.com - April 2 at 9:14 AM
California Resources (CRC) Upgraded to Overweight by Morgan StanleyCalifornia Resources (CRC) Upgraded to Overweight by Morgan Stanley
www.americanbankingnews.com - April 1 at 4:16 PM
California Resources (CRC) Price Target Raised to $18.00California Resources (CRC) Price Target Raised to $18.00
www.americanbankingnews.com - April 1 at 10:17 AM
Analyzing SilverBow Resources (SBOW) and California Resources (CRC)Analyzing SilverBow Resources (SBOW) and California Resources (CRC)
www.americanbankingnews.com - March 30 at 7:14 PM
California Resources (CRC) Upgraded at Bank of AmericaCalifornia Resources (CRC) Upgraded at Bank of America
www.americanbankingnews.com - March 30 at 4:32 PM
California Resources (CRC) Downgraded by Societe GeneraleCalifornia Resources (CRC) Downgraded by Societe Generale
www.americanbankingnews.com - March 30 at 4:32 PM
California Resources (CRC) Stock Rating Lowered by Zacks Investment ResearchCalifornia Resources (CRC) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - March 29 at 8:30 PM
California Resources (CRC) Presents At Scotia Howard Weil 46th Annual Energy Conference - SlideshowCalifornia Resources (CRC) Presents At Scotia Howard Weil 46th Annual Energy Conference - Slideshow
seekingalpha.com - March 28 at 4:56 PM
California Resources (CRC) Upgraded by Bank of America to BuyCalifornia Resources (CRC) Upgraded by Bank of America to Buy
www.americanbankingnews.com - March 28 at 2:42 PM
$528.55 Million in Sales Expected for California Resources Corp (CRC) This Quarter$528.55 Million in Sales Expected for California Resources Corp (CRC) This Quarter
www.americanbankingnews.com - March 28 at 1:00 AM
Analyzing the Small Retreat in US Crude OilAnalyzing the Small Retreat in US Crude Oil
finance.yahoo.com - March 27 at 4:52 PM
California Resources Corp (CRC) Receives Average Rating of "Hold" from AnalystsCalifornia Resources Corp (CRC) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - March 27 at 3:24 AM
Zacks: Brokerages Expect California Resources Corp (CRC) Will Post Earnings of -$0.73 Per ShareZacks: Brokerages Expect California Resources Corp (CRC) Will Post Earnings of -$0.73 Per Share
www.americanbankingnews.com - March 26 at 11:08 PM
California Resources (CRC) Rating Increased to Neutral at Goldman SachsCalifornia Resources (CRC) Rating Increased to Neutral at Goldman Sachs
www.americanbankingnews.com - March 25 at 10:57 PM
California Resources (CRC) Downgraded by ValuEngineCalifornia Resources (CRC) Downgraded by ValuEngine
www.americanbankingnews.com - March 24 at 8:54 PM
California Resources (CRC) Upgraded to "Sell" by ValuEngineCalifornia Resources (CRC) Upgraded to "Sell" by ValuEngine
www.americanbankingnews.com - March 23 at 10:14 PM
California Resources (CRC) Cut to "Strong Sell" at Zacks Investment ResearchCalifornia Resources (CRC) Cut to "Strong Sell" at Zacks Investment Research
www.americanbankingnews.com - March 20 at 9:22 PM
Wall Street’s Targets for the Worst-Performing Upstream StocksWall Street’s Targets for the Worst-Performing Upstream Stocks
finance.yahoo.com - March 15 at 5:37 PM
Zacks Investment Research Upgrades California Resources (CRC) to HoldZacks Investment Research Upgrades California Resources (CRC) to Hold
www.americanbankingnews.com - March 13 at 8:00 PM
California Resources Corp (CRC) Expected to Announce Quarterly Sales of $528.55 MillionCalifornia Resources Corp (CRC) Expected to Announce Quarterly Sales of $528.55 Million
www.americanbankingnews.com - March 11 at 5:06 AM
-$0.73 EPS Expected for California Resources Corp (CRC) This Quarter-$0.73 EPS Expected for California Resources Corp (CRC) This Quarter
www.americanbankingnews.com - March 9 at 5:18 PM
Traders Buy High Volume of Call Options on California Resources (CRC)Traders Buy High Volume of Call Options on California Resources (CRC)
www.americanbankingnews.com - March 9 at 7:40 AM
After The Q4 Disappointment, California Resources Remains A Buy If You Believe In Higher Oil Prices - Seeking AlphaAfter The Q4 Disappointment, California Resources Remains A Buy If You Believe In Higher Oil Prices - Seeking Alpha
seekingalpha.com - March 7 at 8:54 AM
California Resources (CRC) Presents At Raymond James 39th Annual Institutional Investors Conference - SlideshowCalifornia Resources (CRC) Presents At Raymond James 39th Annual Institutional Investors Conference - Slideshow
seekingalpha.com - March 6 at 5:18 PM
Mackenzie Financial Corp Purchases 70,300 Shares of California Resources Corp (CRC)Mackenzie Financial Corp Purchases 70,300 Shares of California Resources Corp (CRC)
www.americanbankingnews.com - March 3 at 1:10 PM

SEC Filings

California Resources (NYSE:CRC) SEC Filings

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Social Media

Financials

California Resources (NYSE:CRC) Income Statement, Balance Sheet and Cash Flow Statement

Chart

California Resources (NYSE CRC) Stock Chart for Wednesday, April, 25, 2018

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This page was last updated on 4/25/2018 by MarketBeat.com Staff

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