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California Resources Corp (CRC)
NYSE:CRC
RESEARCH TOOLSreports
California Resources Corp (CRC) Stock Price & Analysis
109 Followers
CRC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$36.58 - $57.89
Previous Close$53.81
Volume12.82K
Average Volume (3M)1.02M
Market Cap
$3.75B
Enterprise Value$3.81B
Total Cash (Recent Filing)$479.00M
Total Debt (Recent Filing)$589.00M
Price to Earnings (P/E)6.9
Beta0.67
Next Earnings
May 07, 2024EPS Estimate
$0.75Last Dividend Ex-Date
Mar 05, 2024Dividend Yield2.15%
Share Statistics
EPS (TTM)7.72
Shares Outstanding69,274,418
10 Day Avg. Volume623,837
30 Day Avg. Volume1,015,314
Standard Deviation0.14
R-Squared0.27
Alpha0.03
Financial Highlights & Ratios
Price to Book (P/B)1.86
Price to Sales (P/S)5.60
Price to Cash Flow (P/CF)9.20
P/FCF Ratio13.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.32
Enterprise Value/Gross Profit1.43
Enterprise Value/Ebitda5.73
Forecast
1Y Price Target
$61.83Price Target Upside13.49% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
California Resources Corp News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceAnalyst maintains a Buy rating with a revised Net Asset Value-based Price Target of $63 per share, showcasing confidence in the company's financial prospects.
Operational EfficiencyThe company's adjusted EBITDA matched consensus, indicating its ability to meet market expectations and maintain stable financial performance.
Strategic AcquisitionsThe acquisition of Aera Energy is expected to be significantly accretive to future Free Cash Flow, enhancing the company's financial strength and shareholder value.
Bears Say
Legal And Regulatory IssuesAppellate court upheld the ban on new permits in Kern County, leading to a capital activity adjustment to one rig for F2024 and a projected 5-7% volume decline.
Production ImpactIn the scenario where CRC does not obtain new permits, capital could be cut, with a projected decline in production.
Project DelaysA delay in the Final Investment Decision for the CalCapture CCS project may suggest marginal project economics.
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Ownership Overview
24.09% Insiders
29.18% Mutual Funds
45.07% Other Institutional Investors
1.66% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CRC FAQ
What was California Resources Corp’s price range in the past 12 months?
California Resources Corp lowest stock price was $36.58 and its highest was $57.88 in the past 12 months.
What is California Resources Corp’s market cap?
Currently, no data Available
When is California Resources Corp’s upcoming earnings report date?
California Resources Corp’s upcoming earnings report date is May 07, 2024 which is in 18 days.
How were California Resources Corp’s earnings last quarter?
California Resources Corp released its earnings results on Feb 27, 2024. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $0.992 by -$0.062.
Is California Resources Corp overvalued?
According to Wall Street analysts California Resources Corp’s price is currently Undervalued.
Does California Resources Corp pay dividends?
California Resources Corp pays a Quarterly dividend of $0.31 which represents an annual dividend yield of 2.15%. See more information on California Resources Corp dividends here
What is California Resources Corp’s EPS estimate?
California Resources Corp’s EPS estimate is $0.75.
How many shares outstanding does California Resources Corp have?
California Resources Corp has 68,761,680 shares outstanding.
What happened to California Resources Corp’s price movement after its last earnings report?
California Resources Corp reported an EPS of $0.93 in its last earnings report, missing expectations of $0.992. Following the earnings report the stock price went down -4.225%.
Which hedge fund is a major shareholder of California Resources Corp?
Among the largest hedge funds holding California Resources Corp’s share is Ares Management Llc. It holds California Resources Corp’s shares valued at 148M.
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California Resources Corp Stock Smart Score
Outperform
1
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$61.83 (13.49% Upside)
$61.83 (13.49% Upside)
Blogger Sentiment
Bullish
CRC Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 39.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.3%
Last 30 Days ▼ 9.1%
Last 30 Days ▼ 9.1%
Technicals
SMA
Positive
20 days / 200 days
Momentum
37.29%
12-Months-Change
Fundamentals
Return on Equity
27.63%
Trailing 12-Months
Asset Growth
0.78%
Trailing 12-Months
Company Description
California Resources Corp
California Resources produces oil and natural gas in California. At the end of 2018, the company reported net proved reserves of 618 million barrels of oil equivalent. Net production averaged 132 thousand barrels of oil equivalent per day in 2018 at a ratio of 75% oil and natural gas liquids and 25% natural gas.
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CRC Company Deck
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CRC Earnings Call
Q4 2024
0:00 / 0:00
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CRC Stock 12 Months Forecast
Average Price Target
$61.83
▲(13.49% Upside)
Technical Analysis
Best Analysts Covering CRC
1 Year
1 Year Success Rate
11/12 ratings generated profit
1 Year Average Return
+17.91%
reiterated a buy rating 25 days ago
Copying Nathaniel Pendleton's trades and holding each position for 1 Year would result in 91.67% of your transactions generating a profit, with an average return of +17.91% per trade.
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