California Resources - CRC Stock Forecast, Price & News

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our CRC earnings forecast.

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.

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.

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.

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.

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.

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 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.
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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 $41.67.

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.

The company employs 970 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.