California Resources - CRC Stock Forecast, Price & News

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.
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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.
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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.
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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.

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

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.

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.

ETFs with the largest weight of California Resources (NYSE:CRC) stock in their portfolio include Invesco Dynamic Energy Exploration & Production ETF (PXE), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Cambria Value and Momentum ETF (VAMO), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Cambria Shareholder Yield ETF (SYLD), Invesco Zacks Multi-Asset Income ETF (CVY) and First Trust Mid Cap Value AlphaDEX Fund (FNK).

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.

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.

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).

California Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRC."

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.

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

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.

The company employs 1,060 workers across the globe.

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.