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
Current SymbolNYSE:CRC
Previous Symbol
CUSIPN/A
Phone888-848-4754
Debt
Debt-to-Equity RatioN/A
Current Ratio0.63
Quick Ratio0.55
Price-To-Earnings
Trailing P/E Ratio-4.66
Forward P/E Ratio19.92
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.01 billion
Price / Sales0.50
Cash Flow$6.1994 per share
Price / Cash Flow3.31
Book Value($16.80) per share
Price / Book-1.22
Profitability
EPS (Most Recent Fiscal Year)($4.40)
Net Income$-266,000,000.00
Net Margins-6.39%
Return on Equity-3.20%
Return on Assets0.31%
Miscellaneous
Employees1,450
Outstanding Shares48,600,000
Market Cap$1.06 billion
OptionableOptionable
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 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.
How were California Resources' earnings last quarter?
California Resources Corp (NYSE:CRC) released its quarterly earnings results on Thursday, November, 1st. The oil and gas producer reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.89. The oil and gas producer had revenue of $828 million for the quarter, compared to analysts' expectations of $689.83 million. California Resources had a negative net margin of 6.39% and a negative return on equity of 3.20%. California Resources's revenue was up 86.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.22) earnings per share. View California Resources' Earnings History.
When is California Resources' next earnings date?
What price target have analysts set for CRC?
5 brokerages have issued 1-year price targets for California Resources' stock. Their predictions range from $25.00 to $55.00. On average, they expect California Resources' stock price to reach $37.30 in the next year. This suggests a possible upside of 81.8% from the stock's current price. 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 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for California Resources.
Has California Resources been receiving favorable news coverage?
Headlines about CRC stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. California Resources earned a coverage optimism score of 1.5 on InfoTrie's scale. They also gave news articles about the oil and gas producer a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future.
Who are some of California Resources' key competitors?
Some companies that are related to California Resources include Centennial Resource Development (CDEV), Antero Resources (AR), Vermilion Energy (VET), Viper Energy Partners (VNOM), Range Resources (RRC), Black Stone Minerals (BSM), Newfield Exploration (NFX), Magnolia Oil & Gas (MGY), CNX Resources (CNX), Whiting Petroleum (WLL), Southwestern Energy (SWN), Chesapeake Energy (CHK), Matador Resources (MTDR), ARC Resources (AETUF) and Jagged Peak Energy (JAG).
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)
Who are California Resources' major shareholders?
California Resources' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.83%), BlackRock Inc. (6.46%), JPMorgan Chase & Co. (2.13%), JPMorgan Chase & Co. (2.12%), Crescent Park Management L.P. (1.87%) and Morgan Stanley (1.60%). Company insiders that own California Resources stock include Harold M Korell, Harry T Mcmahon, Justin A Gannon and Todd A Stevens. View Institutional Ownership Trends for California Resources.
Which major investors are selling California Resources stock?
CRC stock was sold by a variety of institutional investors in the last quarter, including Crescent Park Management L.P., Mackenzie Financial Corp, Richard Bernstein Advisors LLC, Usca Ria LLC, Advent Capital Management DE, Seven Eight Capital LP, State Board of Administration of Florida Retirement System and Bridgeway Capital Management Inc.. View Insider Buying and Selling for California Resources.
Which major investors are buying California Resources stock?
CRC stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., JPMorgan Chase & Co., Rehmann Capital Advisory Group, Vanguard Group Inc., Dimensional Fund Advisors LP, Soros Fund Management LLC, Mobius Capital Management LLC and Morgan Stanley. Company insiders that have bought California Resources stock in the last two years include Harold M Korell, 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 $20.52.
How big of a company is California Resources?
California Resources has a market capitalization of $1.06 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.
What is California Resources' official website?
How can I contact California Resources?
California Resources' mailing address is 27200 TOURNEY ROAD SUITE 315, SANTA CLARITA CA, 91355. 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.
