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 2.3 million net acres of mineral acreage. As of December 31, 2017, the company had net proved reserves of 618 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 headquartered in Los Angeles, California.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:CRC
CUSIPN/A
Phone888-848-4754
Debt
Debt-to-Equity Ratio-7.87
Current Ratio0.63
Quick Ratio0.56
Price-To-Earnings
Trailing P/E Ratio-6.45
Forward P/E Ratio-82.74
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.01 billion
Price / Sales0.70
Cash Flow$5.4642 per share
Price / Cash5.30
Book Value($16.80) per share
Price / Book-1.72
Profitability
EPS (Most Recent Fiscal Year)($4.40)
Net Income$-266,000,000.00
Net Margins-17.25%
Return on EquityN/A
Return on Assets-1.86%
Miscellaneous
Employees1,450
Outstanding Shares48,350,000
Market Cap$1.69 billion
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 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.
How were California Resources' earnings last quarter?
California Resources Corp (NYSE:CRC) released its quarterly earnings results on Thursday, August, 2nd. The oil and gas producer reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of $0.05 by $0.34. The oil and gas producer had revenue of $549 million for the quarter, compared to the consensus estimate of $649.01 million. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.83) earnings per share. View California Resources' Earnings History.
When is California Resources' next earnings date?
What price target have analysts set for CRC?
5 analysts have issued 1 year price targets for California Resources' stock. Their forecasts range from $12.00 to $41.00. On average, they anticipate California Resources' stock price to reach $28.70 in the next year. This suggests that the stock has a possible downside of 0.9%. View Analyst Price Targets for California Resources.
What is the consensus analysts' recommendation for California Resources?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for California Resources.
Who are some of California Resources' key competitors?
Some companies that are related to California Resources include Antero Resources (AR), Newfield Exploration (NFX), Murphy Oil (MUR), Centennial Resource Development (CDEV), Vermilion Energy (VET), Whiting Petroleum (WLL), Chesapeake Energy (CHK), Viper Energy Partners (VNOM), Oasis Petroleum (OAS), Range Resources (RRC), Black Stone Minerals (BSM), Matador Resources (MTDR), ARC Resources (AETUF), PDC Energy (PDCE) and Crescent Point Energy (CPG).
Who are California Resources' key executives?
California Resources' management team includes the folowing people:
- Mr. Todd A. Stevens, Pres, CEO & Director (Age 51)
- Mr. Marshall D. Smith, Sr. EVP & CFO (Age 58)
- Mr. Charles F. Weiss, Exec. VP of Public Affairs (Age 54)
- Mr. Darren Williams, Exec. VP of Operations & Geoscience (Age 46)
- Robert A. Barnes, Sr. Exec. Advisor (Age 61)
Has California Resources been receiving favorable news coverage?
Media headlines about CRC stock have been trending somewhat positive on Thursday, according to Accern. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. California Resources earned a news and rumor sentiment score of 0.16 on Accern's scale. They also assigned media stories about the oil and gas producer an impact score of 45.56 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future. View Recent Headlines for California Resources.
Who are California Resources' major shareholders?
California Resources' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.27%), Bank of America Corp DE (1.70%), FMR LLC (1.27%), Schwab Charles Investment Management Inc. (0.48%), Bank of New York Mellon Corp (0.51%) and Richard Bernstein Advisors LLC (0.36%). Company insiders that own California Resources stock include Harry T Mcmahon, Justin A Gannon and Todd A Stevens. View Institutional Ownership Trends for California Resources.
Which institutional investors are selling California Resources stock?
CRC stock was sold by a variety of institutional investors in the last quarter, including Soros Fund Management LLC, Schwab Charles Investment Management Inc., Commerzbank Aktiengesellschaft FI, California Public Employees Retirement System, GSA Capital Partners LLP, Federated Investors Inc. PA, Alps Advisors Inc. and Alps Advisors Inc.. View Insider Buying and Selling for California Resources.
Which institutional investors are buying California Resources stock?
CRC stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Richard Bernstein Advisors LLC, BlackRock Inc., Trexquant Investment LP, First Trust Advisors LP, Chicago Equity Partners LLC, KBC Group NV and Usca Ria LLC. Company insiders that have bought California Resources stock in the last two years include Harry T Mcmahon, Justin A Gannon and Todd A Stevens. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is California Resources' stock price today?
One share of CRC stock can currently be purchased for approximately $28.96.
How big of a company is California Resources?
California Resources has a market capitalization of $1.69 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 (NYSE CRC)
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.
