Top-Rated Dividend StocksTop-Rated DividendNYSE:CRC California Resources (CRC) Stock Price, News & Analysis → Biden Nomination CANCELED? (From The Freeport Society) (Ad) Free CRC Stock Alerts $47.38 +0.24 (+0.51%) (As of 05/31/2024 ET) Add Compare Share Share Today's Range$46.88▼$48.0050-Day Range$46.39▼$56.9252-Week Range$37.21▼$58.44Volume885,674 shsAverage Volume849,239 shsMarket Capitalization$3.25 billionP/E Ratio13.58Dividend Yield2.62%Price Target$63.71 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get California Resources alerts: Email Address California Resources MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.71 Rating ScoreUpside/Downside34.5% Upside$63.71 Price TargetShort InterestBearish11.05% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.56Based on 9 Articles This WeekInsider TradingSelling Shares$1.78 M Sold Last QuarterProj. Earnings Growth44.67%From $4.88 to $7.06 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.32 out of 5 starsOils/Energy Sector23rd out of 239 stocksCrude Petroleum & Natural Gas Industry9th out of 74 stocks 3.4 Analyst's Opinion Consensus RatingCalifornia Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageCalifornia Resources has only been the subject of 4 research reports in the past 90 days.Read more about California Resources' stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted11.05% 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 6.9.Change versus previous monthShort interest in California Resources has recently increased by 9.30%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldCalifornia Resources pays a meaningful dividend of 2.67%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCalifornia Resources has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of California Resources is 35.53%. 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 17.56% next year. This indicates that California Resources will be able to sustain or increase its dividend.Read more about California Resources' 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 2.5 News and Social Media Coverage News SentimentCalifornia Resources has a news sentiment score of 0.56. 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 9 news articles for California Resources this week, compared to 3 articles on an average week.Search InterestOnly 2 people have searched for CRC on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat Follows3 people have added California Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, California Resources insiders have sold 9,665.69% more of their company's stock than they have bought. Specifically, they have bought $18,224.00 in company stock and sold $1,779,700.00 in company stock.Percentage Held by InsidersOnly 0.03% of the stock of California Resources is held by insiders.Percentage Held by Institutions97.79% of the stock of California Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about California Resources' insider trading history. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for California Resources are expected to grow by 44.67% in the coming year, from $4.88 to $7.06 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of California Resources is 13.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.91.Price to Earnings Ratio vs. SectorThe P/E ratio of California Resources is 13.58, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.47.Price to Earnings Growth RatioCalifornia Resources has a PEG Ratio of 0.49. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioCalifornia Resources has a P/B Ratio of 1.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about California Resources' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad The Freeport SocietyBiden Nomination CANCELED?The Hill just published that Joe Biden has received enough delegates to…“clinch the Democratic presidential nomination and all but guaranteeing he will face off against former President Trump again in November.” Why is he all BUT guaranteed the Democratic nomination, in their words?I believe I have the terrifying answer right here. About California Resources Stock (NYSE:CRC)California Resources Corporation operates as an independent oil and natural gas exploration and production, and carbon management company in the United States. The company explores, produces, 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. It also engages in the generation and sale of electricity to the wholesale power market and utility sector; and developing various carbon capture and storage projects in California. The company was incorporated in 2014 and is based in Long Beach, California.Read More CRC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CRC Stock News HeadlinesMay 31 at 8:43 AM | insidertrades.comMark Allen Mcfarland Sells 37,000 Shares of California Resources Co. (NYSE:CRC) StockMay 25, 2024 | insidertrades.comCalifornia Resources Co. (NYSE:CRC) Director William B. Roby Acquires 388 SharesMay 29 at 7:52 AM | americanbankingnews.comCalifornia Resources Co. (CRC) To Go Ex-Dividend on May 31stMay 27, 2024 | msn.comCalifornia’s water rights system still needs fixingMay 26, 2024 | americanbankingnews.comWilliam B. Roby Acquires 388 Shares of California Resources Co. (NYSE:CRC) StockMay 25, 2024 | finance.yahoo.comInsider Sale: Director Mark Mcfarland Sells 180,000 Shares of California Resources Corp (CRC)May 21, 2024 | businesswire.comCalifornia Resources Corporation Announces Pricing of Upsized Private Offering of $600 Million of Senior Unsecured NotesMay 20, 2024 | finance.yahoo.comCalifornia Resources Corporation Announces Private Offering of $500 Million of Senior Unsecured NotesMay 17, 2024 | msn.comBig Oil abandoned this California town 10 years ago. Now, it has a new plan to save itMay 15, 2024 | msn.comInside a California oil town’s divisive plan to survive the energy transitionMay 10, 2024 | gurufocus.comQ1 2024 California Resources Corp Earnings Call TranscriptMay 9, 2024 | finance.yahoo.comCalifornia Resources Corporation (NYSE:CRC) Q1 2024 Earnings Call TranscriptMay 9, 2024 | markets.businessinsider.comAnalysts Offer Insights on Energy Companies: Energy Transfer (ET) and California Resources Corp (CRC)May 9, 2024 | finance.yahoo.comCalifornia Resources First Quarter 2024 Earnings: Misses ExpectationsMay 8, 2024 | seekingalpha.comCalifornia Resources Corporation 2024 Q1 - Results - Earnings Call PresentationMay 7, 2024 | markets.businessinsider.comCRC Stock Earnings: California Resources Beats EPS, Misses Revenue for Q1 2024May 7, 2024 | finance.yahoo.comCarbon TerraVault Provides First Quarter 2024 UpdateMay 7, 2024 | finance.yahoo.comCalifornia Resources Reports First Quarter 2024 Financial and Operating ResultsMay 7, 2024 | finance.yahoo.comCalifornia Resources Corp (CRC) Q1 2024 Earnings: Adjusted Net Income Surpasses Expectations ...May 2, 2024 | msn.comCity of Coachella Secures $10 Million Climate Grant for Multipurpose FacilityApril 26, 2024 | prnewswire.comSHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of California Resources Corporation - CRCApril 24, 2024 | markets.businessinsider.comBarclays Keeps Their Hold Rating on California Resources Corp (CRC)April 18, 2024 | finance.yahoo.comCalifornia Resources Corporation (CRC)April 11, 2024 | morningstar.comCalifornia Resources Corp Ordinary Shares - NewApril 11, 2024 | businesswire.comCalifornia Resources Corporation Achieves MiQ “Grade A” Certification for its Los Angeles Basin AssetsSee More Headlines 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 Company Calendar Ex-Dividend for 3/18 Dividend3/05/2024Dividend Payable3/18/2024Last Earnings5/07/2024Today5/31/2024Ex-Dividend for 6/14 Dividend5/31/2024Dividend Payable6/14/2024Next Earnings (Estimated)7/29/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorOils/Energy Industry Crude petroleum & natural gas Sub-IndustryN/A Current SymbolNYSE:CRC CUSIPN/A CIK1609253 Webwww.crc.com Phone888-848-4754FaxN/AEmployees970Year FoundedN/APrice Target and Rating Average Stock Price Target$63.71 High Stock Price Target$70.00 Low Stock Price Target$56.00 Potential Upside/Downside+34.5%Consensus RatingModerate Buy Rating Score (0-4)2.71 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$3.49 Trailing P/E Ratio13.58 Forward P/E Ratio9.71 P/E Growth0.49Net Income$564 million Net Margins11.34% Pretax Margin15.82% Return on Equity11.00% Return on Assets5.91% Debt Debt-to-Equity Ratio0.26 Current Ratio1.41 Quick Ratio1.29 Sales & Book Value Annual Sales$2.80 billion Price / Sales1.16 Cash Flow$8.89 per share Price / Cash Flow5.33 Book Value$30.54 per share Price / Book1.55Miscellaneous Outstanding Shares68,530,000Free Float68,510,000Market Cap$3.25 billion OptionableOptionable Beta1.03 Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.Get This Free Report Key ExecutivesMr. Francisco J. Leon (Age 47)CEO, President & Director Comp: $2.5MMr. Manuela MolinaExecutive VP & CFOMr. Michael L. Preston (Age 59)EVP, Chief Strategy Officer, Corporate Secretary & General Counsel Comp: $1.91MMr. Jay A. Bys (Age 58)Executive VP & Chief Commercial Officer Comp: $1.75MMr. Chris D. Gould (Age 53)Executive VP & Chief Sustainability Officer Comp: $1.79MMr. Omar Hayat (Age 47)Executive Vice President of Operations Ms. Noelle M. Repetti (Age 54)Senior VP, Controller & Principal Accounting Officer Joanna ParkVice President of Investor RelationsRichard VennDirector of CommunicationsMs. Alana A. SotiriVice President of Human ResourcesMore ExecutivesKey CompetitorsPermian ResourcesNASDAQ:PRChesapeake EnergyNASDAQ:CHKAPANASDAQ:APAAntero ResourcesNYSE:ARRange ResourcesNYSE:RRCView All CompetitorsInsiders & InstitutionsMark Allen McfarlandSold 37,000 sharesTotal: $1.78 M ($48.10/share)William B RobyBought 388 shares on 5/23/2024Total: $18,224.36 ($46.97/share)EMC Capital ManagementBought 9,799 shares on 5/20/2024Ownership: 0.014%Walleye Trading LLCBought 8,000 shares on 5/17/2024Ownership: 0.000%Comerica BankBought 2,208 shares on 5/17/2024Ownership: 0.047%View All Insider TransactionsView All Institutional Transactions CRC Stock Analysis - Frequently Asked Questions Should I buy or sell California Resources stock right now? 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CRC shares. View CRC analyst ratings or view top-rated stocks. What is California Resources' stock price target for 2024? 7 equities research analysts have issued 12 month target prices for California Resources' stock. Their CRC share price targets range from $56.00 to $70.00. On average, they predict the company's share price to reach $63.71 in the next year. This suggests a possible upside of 34.5% 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 2024? California Resources' stock was trading at $54.68 on January 1st, 2024. Since then, CRC stock has decreased by 13.4% and is now trading at $47.38. View the best growth stocks for 2024 here. Are investors shorting California Resources? California Resources saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 6,700,000 shares, an increase of 9.3% from the April 30th total of 6,130,000 shares. Based on an average daily volume of 970,100 shares, the days-to-cover ratio is currently 6.9 days. Currently, 11.1% 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 Monday, July 29th 2024. View our CRC earnings forecast. How were California Resources' earnings last quarter? California Resources Co. (NYSE:CRC) released its quarterly earnings data on Tuesday, May, 7th. The oil and gas producer reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.17. The oil and gas producer earned $454 million during the quarter, compared to analyst estimates of $490.21 million. California Resources had a net margin of 11.34% and a trailing twelve-month return on equity of 11.00%. The company's revenue for the quarter was down 55.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.63 EPS. How often does California Resources pay dividends? What is the dividend yield for California Resources? California Resources declared a quarterly dividend on Tuesday, May 7th. Stockholders of record on Friday, May 31st will be given a dividend of $0.31 per share on Friday, June 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, May 31st. Read our dividend analysis for CRC. Is California Resources a good dividend stock? California Resources (NYSE:CRC) pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.67%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRC will have a dividend payout ratio of 17.56% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CRC. What ETFs hold California Resources' stock? ETFs with the largest weight of California Resources (NYSE:CRC) stock in their portfolio include Invesco S&P SmallCap Energy ETF (PSCE), Invesco Energy Exploration & Production ETF (PXE), Pacer US Small Cap Cash Cows 100 ETF (CALF), Alpha Architect U.S. Quantitative Value ETF (QVAL), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Vest Rising Dividend Achievers Target Income ETF (RDVI), Invesco Dorsey Wright Energy Momentum ETF (PXI) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP). When did California Resources' stock split? Shares of California Resources reverse split 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). Who are California Resources' major shareholders? California Resources' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.78%), LSV Asset Management (4.52%), PEAK6 Investments LLC (0.00%), Private Management Group Inc. (1.01%), DAVENPORT & Co LLC (0.91%) and Hennessy Advisors Inc. (0.63%). Insiders that own company stock include Ares Management Llc, Bo Kruse, Bob D Brown, Burt W Podbere, Goldentree Asset Management Lp, Guy Carling, Mark Allen Mcfarland, Suku Krishnaraj Chettiar 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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