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NYSE:CRCCalifornia Resources Stock Price, Forecast & News

$1.18
0.00 (0.00 %)
(As of 08/13/2020 09:46 AM ET)
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Today's Range
$1.18
Now: $1.18
$1.18
50-Day Range
$1.09
MA: $1.20
$1.45
52-Week Range
$0.85
Now: $1.18
$18.33
Volume100 shs
Average Volume3.83 million shs
Market Capitalization$58.35 million
P/E RatioN/A
Dividend YieldN/A
Beta5.6
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 2.2 million net acres of mineral acreage. As of December 31, 2018, the company had net proved reserves of 712 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 based in Los Angeles, California.
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California Resources logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.26 out of 5 stars


Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
CUSIPN/A
Phone888-848-4754

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.63 billion
Book Value($6.03) per share

Profitability

Net Income$-28,000,000.00

Miscellaneous

Employees1,250
Market Cap$58.35 million
Next Earnings Date8/13/2020 (Estimated)
OptionableOptionable
$1.18
0.00 (0.00 %)
(As of 08/13/2020 09:46 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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California Resources (NYSE:CRC) Frequently Asked Questions

How has California Resources' stock price been impacted by Coronavirus?

California Resources' stock was trading at $2.96 on March 11th, 2020 when Coronavirus 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.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of California Resources?

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."
View analyst ratings for California Resources
.

When is California Resources' next earnings date?

California Resources is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020.
View our earnings forecast for California Resources
.

How were California Resources' earnings last quarter?

California Resources Corp (NYSE:CRC) posted its earnings results on Thursday, June, 25th. The oil and gas producer reported ($0.16) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($1.71) by $1.55. The oil and gas producer had revenue of $573 million for the quarter, compared to analyst estimates of $505.75 million. California Resources had a negative return on equity of 4.31% and a negative net margin of 69.81%.
View California Resources' earnings history
.

When did California Resources' stock split? How did California Resources' stock split work?

California Resources shares 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.

What price target have analysts set for CRC?

3 analysts have issued 12 month target prices for California Resources' shares. Their forecasts range from $11.00 to $11.00. On average, they anticipate California Resources' stock price to reach $11.00 in the next year. This suggests a possible upside of 832.2% from the stock's current price.
View analysts' price targets for California Resources
.

Has California Resources been receiving favorable news coverage?

Media coverage about CRC stock has been trending extremely negative this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news 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 -5 to 5, with scores nearest to five being the most favorable. California Resources earned a news sentiment score of -4.1 on InfoTrie's scale. They also assigned press coverage 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 impact on the stock's share price in the near term.
View the latest news about California Resources
.

Are investors shorting California Resources?

California Resources saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 13,150,000 shares, a decline of 18.4% from the April 15th total of 16,120,000 shares. Based on an average trading volume of 4,110,000 shares, the days-to-cover ratio is presently 3.2 days. Currently, 27.7% of the shares of the stock are sold short.
View California Resources' Short Interest
.

Who are some of California Resources' key competitors?

What other stocks do shareholders of California Resources own?

Who are California Resources' key executives?

California Resources' management team includes the following people:
  • Mr. Todd A. Stevens, Pres, CEO & Director (Age 52)
  • Mr. Marshall D. Smith, Sr. EVP & CFO (Age 59)
  • Mr. Charles F. Weiss, Exec. VP of Public Affairs (Age 55)
  • Mr. Shawn M. Kerns, Exec. VP of Operations & Engineering (Age 48)
  • Mr. Darren Williams, Exec. VP of Operations & Geoscience (Age 47)

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 institutional and retail investors. Top institutional shareholders include Bank of New York Mellon Corp (0.41%), SG Americas Securities LLC (0.27%) and California Public Employees Retirement System (0.20%). 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
.

Which institutional investors are selling California Resources stock?

CRC stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, and California Public Employees Retirement System.
View insider buying and selling activity for California Resources
.

Which institutional investors are buying California Resources stock?

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
.

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, Robinhood, Fidelity, and Charles Schwab.

What is California Resources' stock price today?

One share of CRC stock can currently be purchased for approximately $1.18.

How big of a company is California Resources?

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.

What is California Resources' official website?

The official website for California Resources is www.crc.com.

How can I contact California Resources?

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]

This page was last updated on 8/13/2020 by MarketBeat.com Staff

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