NYSE:CRCCalifornia Resources Stock Price, Forecast & News

California Resources' stock was trading at $2.96 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CRC shares have decreased by 60.1% and is now trading at $1.18.
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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."
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California Resources is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020.
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California Resources Corp (NYSE:CRC) released its quarterly earnings results on Thursday, June, 25th. The oil and gas producer reported ($0.16) earnings per share for the quarter, beating analysts' consensus estimates of ($1.71) by $1.55. The oil and gas producer earned $573 million during the quarter, compared to analysts' expectations of $505.75 million. California Resources had a negative net margin of 69.81% and a negative return on equity of 4.31%.
View California Resources' earnings history.

California Resources's stock 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.

3 brokers have issued 12-month price targets for California Resources' shares. Their forecasts range from $11.00 to $11.00. On average, they expect California Resources' share price to reach $11.00 in the next twelve months. This suggests a possible upside of 832.2% from the stock's current price.
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Headlines about CRC stock have trended negative recently, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. California Resources earned a news sentiment score of -2.9 on InfoTrie's scale. They also assigned news stories about the oil and gas producer a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next few days.
View the latest news about California Resources.

California Resources saw a decrease in short interest in June. As of June 30th, there was short interest totaling 13,650,000 shares, a decrease of 7.3% from the June 15th total of 14,730,000 shares. Based on an average daily volume of 4,540,000 shares, the short-interest ratio is currently 3.0 days. Currently, 28.8% of the shares of the stock are short sold.
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Some companies that are related to California Resources include Advantage Oil & Gas (AAVVF), Centennial Resource Development (CDEV), Falcon Minerals (FLMN), Oasis Petroleum (OAS), Laredo Petroleum (LPI), Earthstone Energy (ESTE), Montage Resources (MR), Gulfport Energy (GPOR), Penn Virginia (PVAC), Primeenergy Resources (PNRG), Denbury Resources (DNR), TETRA Technologies (TTI), Epsilon Energy (EPSN), HighPoint Resources (HPR) and Chesapeake Energy (CHKAQ).
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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 retail and institutional investors. Top institutional investors include SG Americas Securities LLC (0.27%). 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 bought by a variety of institutional investors in the last quarter, including SG Americas Securities LLC. 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 $1.18.

California Resources has a market capitalization of $58.35 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]