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California Resources - CRC Stock Forecast, Price & News

$36.37
+1.05 (+2.97%)
(As of 03/20/2023 05:07 PM ET)
Add
Compare
Today's Range
$35.34
$36.59
50-Day Range
$35.32
$47.83
52-Week Range
$34.02
$51.46
Volume
848,665 shs
Average Volume
848,541 shs
Market Capitalization
$2.60 billion
P/E Ratio
5.29
Dividend Yield
3.11%
Price Target
$56.86

California Resources MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
56.0% Upside
$56.86 Price Target
Short Interest
Bearish
7.14% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.47mentions of California Resources in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
35.22%
From $6.02 to $8.14 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.86 out of 5 stars

Oils/Energy Sector

46th out of 242 stocks

Crude Petroleum & Natural Gas Industry

24th out of 78 stocks


CRC stock logo

About California Resources (NYSE:CRC) Stock

California Resources Corporation operates as an independent oil and natural gas company. The company explores for, produces, gathers, processes, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. As of December 31, 2021, it had interests in approximately 1.9 million net mineral acres with proved reserves totaled an estimated 480 million barrels of oil equivalent. The company also engages in the generation and sale of electricity to the local utility and the grid. The company was incorporated in 2014 and is based in Santa Clarita, California.

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CRC Stock News Headlines

California Resources (NYSE:CRC) Now Covered by StockNews.com
Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
Analysts Set California Resources Co. (NYSE:CRC) PT at $57.71
California Resources (NYSE:CRC) Price Target Cut to $54.00
My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
California Resources: Dividend Insights
Where California Resources Stands With Analysts
Earnings Preview: California Resources
Upcoming Dividend Run For CRC?
See More Headlines
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CRC Company Calendar

Last Earnings
2/24/2023
Ex-Dividend for 3/16 Dividend
3/03/2023
Dividend Payable
3/16/2023
Today
3/20/2023
Next Earnings (Estimated)
5/04/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Fax
N/A
Employees
1,060
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$56.86
High Stock Price Forecast
$65.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+56.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
8 Analysts

Profitability

Net Income
$524 million
Pretax Margin
28.11%

Debt

Sales & Book Value

Annual Sales
$2.71 billion
Cash Flow
$8.15 per share
Book Value
$25.37 per share

Miscellaneous

Free Float
71,471,000
Market Cap
$2.60 billion
Optionable
Optionable
Beta
1.11

Key Executives

  • Mr. Mark Allen McFarland (Age 53)
    Pres, CEO & Director
    Comp: $3.45M
  • Mr. Francisco J. Leon (Age 45)
    Exec. VP & CFO
    Comp: $1.4M
  • Mr. Shawn M. Kerns (Age 51)
    Exec. VP & COO
    Comp: $1.4M
  • Mr. Michael L. Preston (Age 57)
    Exec. VP, Chief Admin. Officer & Gen. Counsel
    Comp: $1.4M
  • Mr. Jay A. Bys (Age 57)
    Exec. VP & Chief Commercial Officer
    Comp: $1.5M
  • Ms. Noelle M. Repetti (Age 52)
    Sr. VP, Controller & Principal Accounting Officer
  • Cynthia J. Johnson
    Chief Information Officer & VP
  • Joanna Park
    VP of Investor Relations
  • Richard Venn
    Director of Communications
  • Ms. Alana A. Sotiri
    VP of HR













CRC Stock - Frequently Asked Questions

Should I buy or sell California Resources stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last twelve months. There are currently 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CRC shares.
View CRC analyst ratings
or view top-rated stocks.

What is California Resources' stock price forecast for 2023?

8 Wall Street research analysts have issued twelve-month target prices for California Resources' shares. Their CRC share price forecasts range from $48.00 to $65.00. On average, they expect the company's share price to reach $56.86 in the next twelve months. This suggests a possible upside of 57.6% from the stock's current price.
View analysts price targets for CRC
or view top-rated stocks among Wall Street analysts.

How have CRC shares performed in 2023?

California Resources' stock was trading at $43.51 at the beginning of the year. Since then, CRC shares have decreased by 17.1% and is now trading at $36.07.
View the best growth stocks for 2023 here
.

Are investors shorting California Resources?

California Resources saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 4,340,000 shares, an increase of 22.9% from the February 13th total of 3,530,000 shares. Based on an average trading volume of 753,300 shares, the days-to-cover ratio is presently 5.8 days. Currently, 7.1% of the shares of the company are sold short.
View California Resources' Short Interest
.

When is California Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our CRC earnings forecast
.

How were California Resources' earnings last quarter?

California Resources Co. (NYSE:CRC) released its quarterly earnings results on Friday, February, 24th. The oil and gas producer reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by $0.53. The oil and gas producer had revenue of $682 million for the quarter, compared to analysts' expectations of $639.65 million. California Resources had a net margin of 19.36% and a trailing twelve-month return on equity of 23.03%. The company's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the business earned $2.13 EPS.

How often does California Resources pay dividends? What is the dividend yield for California Resources?

California Resources declared a quarterly dividend on Friday, February 24th. Shareholders of record on Monday, March 6th will be given a dividend of $0.2825 per share on Thursday, March 16th. This represents a $1.13 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Friday, March 3rd. This is a boost from the stock's previous quarterly dividend of $0.28.
Read our dividend analysis for CRC
.

Is California Resources a good dividend stock?

California Resources (NYSE:CRC) pays an annual dividend of $1.13 per share and currently has a dividend yield of 3.20%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRC will have a dividend payout ratio of 13.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRC.

When did California Resources' stock split?

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

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 Ltd. - Ordinary Share (MCUR), LinnCo (LNCOQ), Adverum Biotechnologies (ADVM), Occidental Petroleum (OXY), (GBSN) (GBSN), Bank of America (BAC), Northern Trust (NTRS), (BBEPQ) (BBEPQ), Oasis Petroleum (OAS) and Whiting Petroleum (WLL).

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 shareholders include Goldentree Asset Management LP (5.83%), Encompass Capital Advisors LLC (2.98%), Dimensional Fund Advisors LP (1.97%), Geode Capital Management LLC (1.84%), Principal Financial Group Inc. (1.70%) and Private Management Group Inc. (1.07%). Insiders that own company stock include Ares Management Llc, Bo Kruse, Bob D Brown, Burt W Podbere, Goldentree Asset Management Lp, Guy Carling, Suku Krishnaraj Chettiar, Tiffany Thom Cepak, Todd A Stevens and William B Roby.
View institutional ownership trends
.

How do I buy shares of California Resources?

Shares of CRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is California Resources' stock price today?

One share of CRC stock can currently be purchased for approximately $36.07.

How much money does California Resources make?

California Resources (NYSE:CRC) has a market capitalization of $2.58 billion and generates $2.71 billion in revenue each year. The oil and gas producer earns $524 million in net income (profit) each year or $6.87 on an earnings per share basis.

How many employees does California Resources have?

The company employs 1,060 workers across the globe.

How can I contact California Resources?

California Resources' mailing address is 27200 TOURNEY ROAD SUITE 200, SANTA CLARITA CA, 91355. The official website for the company is www.crc.com. The oil and gas producer can be reached via phone at 888-848-4754 or via email at scott.espenshade@crc.com.

This page (NYSE:CRC) was last updated on 3/20/2023 by MarketBeat.com Staff