NYSE:CRCCalifornia Resources Stock Price, Forecast & News

California Resources' stock was trading at $2.96 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CRC stock has decreased by 53.4% and is now trading at $1.38. 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, June 4th 2020. View our earnings forecast for California Resources.

California Resources Corp (NYSE:CRC) posted its quarterly earnings data on Wednesday, February, 26th. The oil and gas producer reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.36. The oil and gas producer had revenue of $610 million for the quarter, compared to analyst estimates 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's stock 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 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.

3 analysts have issued 12-month target prices for California Resources' shares. Their forecasts range from $11.00 to $24.00. On average, they expect California Resources' share price to reach $17.50 in the next twelve months. This suggests a possible upside of 1,168.1% from the stock's current price. View analysts' price targets for California Resources.

Press coverage about CRC stock has trended very negative this week, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. California Resources earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave media headlines about the oil and gas producer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutCalifornia Resources.

California Resources saw a decline in short interest in May. As of May 15th, there was short interest totaling 13,150,000 shares, a decline of 18.4% from the April 30th total of 16,120,000 shares. Based on an average trading volume of 4,110,000 shares, the days-to-cover ratio is currently 3.2 days. Approximately 27.7% of the shares of the stock are short sold. View California Resources' Current Options Chain.

Some companies that are related to California Resources include Tellurian (TELL), Falcon Minerals (FLMN), Montage Resources (MR), Laredo Petroleum (LPI), QEP Resources (QEP), Earthstone Energy (ESTE), Penn Virginia (PVAC), Oasis Petroleum (OAS), Primeenergy Resources (PNRG), Chesapeake Energy (CHK), Denbury Resources (DNR), Whiting Petroleum (WLL), Epsilon Energy (EPSN), Painted Pony Energy (PDPYF) and Panhandle Oil and Gas (PHX). 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."

California Resources' stock is owned by a number of institutional and retail investors. Top institutional investors include State Street Corp (11.58%), BlackRock Inc. (6.30%), Coastal Investment Management L.P. (2.87%), Geode Capital Management LLC (1.36%), Two Sigma Investments LP (0.64%) and Invesco Ltd. (0.59%). Company insiders that own California Resources stock include Avedick Baruyr Poladian, Darren Williams, Harold M Korell, Laurie Siegel, Marshall D Smith, Todd A Stevens and William E Albrecht. View institutional ownership trends for California Resources.

CRC stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Investments LP, Deutsche Bank AG, BlackRock Inc., Voloridge Investment Management LLC, Gabelli Funds LLC, Parametric Portfolio Associates LLC, Morgan Stanley, and Mraz Amerine & Associates Inc.. View insider buying and selling activity for California Resources.

CRC stock was acquired by a variety of institutional investors in the last quarter, including Coastal Investment Management L.P., State Street Corp, BNP Paribas Arbitrage SA, Wells Fargo & Company MN, Adams Asset Advisors LLC, Invesco Ltd., Geode Capital Management LLC, and Russell Investments Group Ltd.. Company insiders that have bought California Resources stock in the last two years include Avedick Baruyr Poladian, Darren Williams, Harold M Korell, Laurie Siegel, Marshall D Smith, and Todd A Stevens. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of CRC stock can currently be purchased for approximately $1.38.

California Resources has a market capitalization of $68.12 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]