NYSE:CRCCalifornia Resources Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding California Resources Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $1.46 +0.02 (+1.39 %) (As of 05/26/2020 04:00 PM ET) Add Compare Share Today's Range$1.45Now: $1.46▼$1.5350-Day Range$1.23MA: $1.85▼$2.8052-Week Range$0.85Now: $1.46▼$20.78Volume1.80 million shsAverage Volume3.67 million shsMarket Capitalization$72.06 millionP/E RatioN/ADividend YieldN/ABeta6 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. The company sells crude oil, natural gas, and natural gas liquids to marketers, California refineries, and other purchasers that have access to transportation and storage facilities. It holds interests in approximately 2.2 million net acres of mineral acreage. As of December 31, 2018, the company had net proved reserves of 712 million barrels of oil equivalent. It also generates and sells electricity to the grid and utility customers. The company was founded in 2014 and is based in Los Angeles, California.Read More Beat the Market (BTM) Rank™ 3.0 Analyst's Opinion Consensus RatingCalifornia Resources has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $17.50, California Resources has a potential upside of 1,098.6% from its current price of $1.46.Amount of Analyst CoverageCalifornia Resources has only been the subject of 2 research reports in the past 90 days. Previous Next 2.3 Community Rank Outperform VotesCalifornia Resources has received 324 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCalifornia Resources has received 391 “underperform” votes. (Add your “underperform” vote.)Community SentimentCalifornia Resources has received 54.69% “underperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldCalifornia Resources does not currently pay a dividend.Dividend GrowthCalifornia Resources does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, California Resources insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 4.09% of the stock of California Resources is held by insiders.Percentage Held by Institutions49.71% of the stock of California Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for California Resources are expected to decrease in the coming year, from ($11.00) to ($12.56) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of California Resources is -2.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of California Resources is -2.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Previous Next Analyst Opinion: 3.0Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.26 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Crude petroleum & natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:CRC Previous Symbol CUSIPN/A CIK1609253 Webwww.crc.com Phone888-848-4754Debt Debt-to-Equity RatioN/A Current Ratio0.69 Quick Ratio0.60Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$2.63 billion Price / Sales0.03 Cash Flow$9.73 per share Price / Cash Flow0.15 Book Value($6.03) per share Price / Book-0.24Profitability EPS (Most Recent Fiscal Year)$1.40 Net Income$-28,000,000.00 Net Margins-1.06% Return on Equity-26.12% Return on Assets0.99%Miscellaneous Employees1,250 Outstanding Shares49,359,000Market Cap$72.06 million Next Earnings Date5/28/2020 (Estimated) OptionableOptionable CRC Rates by TradingView Receive CRC News and Ratings via Email Sign-up to receive the latest news and ratings for CRC and its competitors with MarketBeat's FREE daily newsletter. California Resources (NYSE:CRC) Frequently Asked Questions How has California Resources' stock been impacted by COVID-19 (Coronavirus)? 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 stock has decreased by 50.7% and is now trading at $1.46. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of California Resources? 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. When is California Resources' next earnings date? California Resources is scheduled to release its next quarterly earnings announcement on Thursday, May 28th 2020. View our earnings forecast for California Resources. How were California Resources' earnings last quarter? California Resources Corp (NYSE:CRC) announced its quarterly earnings data on Wednesday, February, 26th. The oil and gas producer reported $0.73 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.37 by $0.36. The oil and gas producer had revenue of $610 million for the quarter, compared to analysts' expectations of $676.15 million. California Resources had a negative return on equity of 26.12% and a negative net margin of 1.06%. View California Resources' earnings history. When did California Resources' stock split? How did California Resources' stock split work? Shares of California Resources reverse split before market open 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. What price target have analysts set for CRC? 3 brokerages 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 twelve months. This suggests a possible upside of 1,098.6% from the stock's current price. View analysts' price targets for California Resources. Has California Resources been receiving favorable news coverage? Media stories about CRC stock have trended negative on Tuesday, InfoTrie reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. California Resources earned a news impact score of -2.6 on InfoTrie's scale. They also assigned media coverage about the oil and gas producer a news buzz of 9.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near future. View the latest news aboutCalifornia Resources. Are investors shorting California 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 daily trading volume, of 4,110,000 shares, the days-to-cover ratio is presently 3.2 days. Approximately 27.7% of the shares of the company are sold short. View California Resources' Current Options Chain. Who are some of California Resources' key competitors? Some companies that are related to California Resources include Tellurian (TELL), Centennial Resource Development (CDEV), Advantage Oil & Gas (AAVVF), Gulfport Energy (GPOR), Laredo Petroleum (LPI), Falcon Minerals (FLMN), Montage Resources (MR), QEP Resources (QEP), Primeenergy Resources (PNRG), Earthstone Energy (ESTE), Oasis Petroleum (OAS), Chesapeake Energy (CHK), Denbury Resources (DNR), Penn Virginia (PVAC) and Whiting Petroleum (WLL). View all competitors. 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 (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). Who are California Resources' key executives? California Resources' management team includes the following people: Mr. Todd A. Stevens, Pres, CEO & Director (Age 52)Mr. Marshall D. Smith, Sr. EVP & CFO (Age 59)Mr. Charles F. Weiss, Exec. VP of Public Affairs (Age 55)Mr. Shawn M. Kerns, Exec. VP of Operations & Engineering (Age 48)Mr. Darren Williams, Exec. VP of Operations & Geoscience (Age 47) 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 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. Which major investors are selling California Resources stock? 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. Which major investors are buying California Resources stock? CRC stock was purchased 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. 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, Robinhood, Fidelity, and Charles Schwab. What is California Resources' stock price today? One share of CRC stock can currently be purchased for approximately $1.46. How big of a company is California Resources? California Resources has a market capitalization of $72.06 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. What is California Resources' official website? The official website for California Resources is www.crc.com. How can I contact California Resources? 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] This page was last updated on 5/26/2020 by MarketBeat.com Staff
