Top-Rated Dividend Stocks NYSE:CRC California Resources - CRC Stock Forecast, Price & News Adding Choose a watchlist: 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 Co. Please log in to your account or sign up in order to add this asset to your watchlist. $41.81 +0.62 (+1.51%) (As of 02/3/2023 10:46 AM ET) Add Compare Share Share Today's Range$40.92▼$42.0350-Day Range$40.34▼$47.8352-Week Range$35.95▼$51.46Volume42,665 shsAverage Volume757,320 shsMarket Capitalization$3.07 billionP/E Ratio2.89Dividend Yield2.69%Price Target$57.86 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media California Resources MarketRank™ ForecastAnalyst RatingModerate Buy2.86 Rating ScoreUpside/Downside40.5% Upside$57.86 Price TargetShort InterestHealthy5.63% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.48Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth17.67%From $5.66 to $6.66 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.79 out of 5 starsOils/Energy Sector31st out of 241 stocksCrude Petroleum & Natural Gas Industry15th out of 75 stocks 3.4 Analyst's Opinion Consensus RatingCalifornia Resources has received a consensus rating of Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $57.86, California Resources has a forecasted upside of 40.5% from its current price of $41.19.Amount of Analyst CoverageCalifornia Resources has only been the subject of 3 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted5.63% of the float of California Resources has been sold short.Short Interest Ratio / Days to CoverCalifornia Resources has a short interest ratio ("days to cover") of 5.6.Change versus previous monthShort interest in California Resources has recently decreased by 7.09%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldCalifornia Resources pays a meaningful dividend of 2.69%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCalifornia Resources has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of California Resources is 7.81%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, California Resources will have a dividend payout ratio of 16.97% next year. This indicates that California Resources will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CRC. Previous Next 3.0 News and Social Media Coverage News SentimentCalifornia Resources has a news sentiment score of 0.48. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 6 news articles for California Resources this week, compared to 1 article on an average week.Search Interest2 people have searched for CRC on MarketBeat in the last 30 days. MarketBeat Follows7 people have added California Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 250% compared to the previous 30 days. Previous Next 0.0 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 0.03% of the stock of California Resources is held by insiders. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for California Resources are expected to grow by 17.67% in the coming year, from $5.66 to $6.66 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of California Resources is 2.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.64.Price to Earnings Ratio vs. SectorThe P/E ratio of California Resources is 2.85, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 46.48.Price to Book Value per Share RatioCalifornia Resources has a P/B Ratio of 1.96. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About California Resources (NYSE:CRC) StockCalifornia 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.Read More Receive CRC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for California Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address CRC Stock News HeadlinesFebruary 3, 2023 | americanbankingnews.comCalifornia Resources (NYSE:CRC) PT Lowered to $65.00 at Royal Bank of CanadaFebruary 1, 2023 | americanbankingnews.comCalifornia Resources Co. (NYSE:CRC) Short Interest UpdateFebruary 3, 2023 | Investing Trends (Ad)Apple, Amazon, and Walmart are Investing in Solar EnergyThe global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.January 27, 2023 | msn.comCalifornia Resources plunges as court order pauses Kern County productionJanuary 24, 2023 | americanbankingnews.comCalifornia Resources Co. (NYSE:CRC) Receives $56.67 Consensus Target Price from AnalystsJanuary 20, 2023 | finance.yahoo.comCalifornia Resources Corporation Schedules Fourth Quarter and Full Year 2022 Earnings Conference CallJanuary 15, 2023 | finance.yahoo.comReturns At California Resources (NYSE:CRC) Are On The Way UpJanuary 5, 2023 | finance.yahoo.comCRC Recognized with Leadership Level Ranking for 2022 Climate Disclosure by CDP for the Fourth Year in a RowFebruary 3, 2023 | Investing Trends (Ad)Apple, Amazon, and Walmart are Investing in Solar EnergyThe global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.January 4, 2023 | msn.comCalifornia Resources unveils carbon dioxide management dealJanuary 4, 2023 | finance.yahoo.comCalifornia Resources Corporation Announces Carbon Dioxide Management Agreement for CTV’s First Permanent Carbon Storage Project in Northern CaliforniaDecember 19, 2022 | finance.yahoo.comCalifornia Resources Corporation's (NYSE:CRC) Share Price Is Matching Sentiment Around Its EarningsNovember 22, 2022 | finance.yahoo.comCalifornia Resources (NYSE:CRC) Will Pay A Larger Dividend Than Last Year At $0.2825November 16, 2022 | nasdaq.comUpcoming Dividend Run For CRC?November 15, 2022 | seekingalpha.comCalifornia Resources upgraded at BofA as regulatory headwinds subsideNovember 9, 2022 | finance.yahoo.comCalifornia Resources Third Quarter 2022 Earnings: Beats ExpectationsNovember 6, 2022 | finance.yahoo.comCalifornia Resources (NYSE:CRC) Has Announced That It Will Be Increasing Its Dividend To $0.2825November 6, 2022 | seekingalpha.comCalifornia Resources Corporation (CRC) Q3 2022 Earnings Call TranscriptNovember 3, 2022 | finance.yahoo.comCalifornia Resources Corporation Reports Strong Third Quarter 2022 Results, Announces 66% Increase in Quarterly Dividend and $200 Million Increase in Share Repurchase ProgramOctober 27, 2022 | finance.yahoo.comIs California Resources Corporation's (NYSE:CRC) Recent Stock Performance Tethered To Its Strong Fundamentals?October 25, 2022 | seekingalpha.comCalifornia Resources: Taking Stock Of California Regulatory ChangesOctober 15, 2022 | markets.businessinsider.comAnalysts Offer Insights on Utilities Companies: PPL (PPL) and California Resources Corp (CRC)October 6, 2022 | finance.yahoo.comCalifornia Resources Corporation Schedules Third Quarter 2022 Earnings Conference CallOctober 6, 2022 | finance.yahoo.comExclusive Q&A: Making Carbon Capture a Reality in CaliforniaSeptember 27, 2022 | finance.yahoo.comCalifornia Resources' (NYSE:CRC one-year decrease in earnings delivers investors with a 9.2% lossSeptember 13, 2022 | nasdaq.comCalifornia Resources Breaks Below 200-Day Moving Average - Notable for CRCAugust 27, 2022 | nasdaq.comShould You Buy California Resources Corporation (NYSE:CRC) For Its Upcoming Dividend?See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CRC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for California Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address CRC Company Calendar Last Earnings11/11/2021Ex-Dividend for 12/16 Dividend11/30/2022Dividend Payable12/16/2022Today2/03/2023Next Earnings (Confirmed)2/23/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Crude petroleum & natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:CRC CUSIPN/A CIK1609253 Webwww.crc.com Phone888-848-4754FaxN/AEmployees970Year FoundedN/APrice Target and Rating Average Stock Price Forecast$57.86 High Stock Price Forecast$65.00 Low Stock Price Forecast$48.00 Forecasted Upside/Downside+38.4%Consensus RatingModerate Buy Rating Score (0-4)2.86 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$14.47 Trailing P/E Ratio2.89 Forward P/E Ratio7.39 P/E GrowthN/ANet Income$612 million Net Margins43.44% Pretax Margin36.18% Return on Equity28.71% Return on Assets11.74% Debt Debt-to-Equity Ratio0.32 Current Ratio0.95 Quick Ratio0.89 Sales & Book Value Annual Sales$1.89 billion Price / Sales1.63 Cash Flow$8.90 per share Price / Cash Flow4.70 Book Value$21.00 per share Price / Book1.99Miscellaneous Outstanding Shares73,470,000Free Float73,449,000Market Cap$3.07 billion OptionableOptionable Beta1.10 Key ExecutivesMr. Mark Allen McFarland (Age 53)Pres, CEO & Director Comp: $3.45MMr. Francisco J. Leon (Age 45)Exec. VP & CFO Comp: $1.4MMr. Shawn M. Kerns (Age 51)Exec. VP & COO Comp: $1.4MMr. Michael L. Preston (Age 57)Exec. VP, Chief Admin. Officer & Gen. Counsel Comp: $1.4MMr. Jay A. Bys (Age 57)Exec. VP & Chief Commercial Officer Comp: $1.5MMs. Noelle M. Repetti (Age 52)Sr. VP, Controller & Principal Accounting Officer Cynthia J. JohnsonChief Information Officer & VPJoanna ParkVP of Investor RelationsRichard VennDirector of CommunicationsMs. Alana A. SotiriVP of HRMore ExecutivesKey CompetitorsCNX ResourcesNYSE:CNXBlack Stone MineralsNYSE:BSMComstock ResourcesNYSE:CRKKosmos EnergyNYSE:KOSCallon PetroleumNYSE:CPEView All CompetitorsInsiders & InstitutionsPrivate Management Group Inc.Sold 8,319 shares on 2/3/2023Ownership: 1.067%ProShare Advisors LLCBought 1,154 shares on 2/2/2023Ownership: 0.013%SG Americas Securities LLCBought 251 shares on 2/2/2023Ownership: 0.013%Bailard Inc.Bought 800 shares on 2/2/2023Ownership: 0.009%Simplex Trading LLCSold 8,000 shares on 2/2/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions CRC Stock - Frequently Asked Questions Should I buy or sell California Resources stock right now? 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last year. There are currently 1 hold rating and 6 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? 7 equities research analysts have issued 1 year price objectives for California Resources' shares. Their CRC share price forecasts range from $48.00 to $65.00. On average, they predict the company's share price to reach $57.86 in the next twelve months. This suggests a possible upside of 38.8% 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 2023. Since then, CRC stock has decreased by 4.2% and is now trading at $41.67. View the best growth stocks for 2023 here. Are investors shorting California Resources? California Resources saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 3,540,000 shares, a decrease of 7.1% from the December 31st total of 3,810,000 shares. Based on an average daily trading volume, of 628,100 shares, the days-to-cover ratio is currently 5.6 days. Approximately 5.6% of the company's stock are short sold. 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, February 23rd 2023. View our CRC earnings forecast. How can I listen to California Resources' earnings call? California Resources will be holding an earnings conference call on Friday, February 24th at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link. How were California Resources' earnings last quarter? California Resources Co. (NYSE:CRC) issued its earnings results on Thursday, November, 11th. The oil and gas producer reported $1.83 EPS for the quarter, topping the consensus estimate of $1.32 by $0.51. The oil and gas producer earned $588 million during the quarter, compared to analysts' expectations of $522.40 million. California Resources had a trailing twelve-month return on equity of 28.71% and a net margin of 43.44%. During the same period last year, the firm posted $1.68 EPS. How often does California Resources pay dividends? What is the dividend yield for California Resources? California Resources announced a quarterly dividend on Wednesday, November 2nd. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.282 per share on Friday, December 16th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Wednesday, November 30th. This is a positive change from the stock's previous quarterly dividend of $0.17. 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 2.69%. 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 7.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRC will have a dividend payout ratio of 16.97% 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? California Resources's stock 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 a number of retail and institutional investors. Top institutional investors include Private Management Group Inc. (1.07%), New York State Common Retirement Fund (0.30%), Kestrel Investment Management Corp (0.26%), Leuthold Group LLC (0.09%), State of New Jersey Common Pension Fund D (0.07%) and Allspring Global Investments Holdings LLC (0.05%). 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 $41.67. How much money does California Resources make? California Resources (NYSE:CRC) has a market capitalization of $3.06 billion and generates $1.89 billion in revenue each year. The oil and gas producer earns $612 million in net income (profit) each year or $14.47 on an earnings per share basis. How many employees does California Resources have? The company employs 970 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 2/3/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.