Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
California Resources Corp (CRC)
NYSE:CRC
California Resources Corp (CRC) Stock Price & Analysis
112 Followers
CRC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$36.92 - $57.89
Previous Close$47.14
Volume714.73K
Average Volume (3M)960.76K
Market Cap
$3.22B
Enterprise Value$3.26B
Total Cash (Recent Filing)$496.00M
Total Debt (Recent Filing)$540.00M
Price to Earnings (P/E)13.5
Beta0.59
Next Earnings
Aug 01, 2024EPS Estimate
$1.04Last Dividend Ex-Date
May 31, 2024Dividend Yield2.51%
Share Statistics
EPS (TTM)3.48
Shares Outstanding68,530,744
10 Day Avg. Volume774,203
30 Day Avg. Volume960,759
Standard Deviation0.14
R-Squared0.28
Alpha0.03
Financial Highlights & Ratios
Price to Book (P/B)1.48
Price to Sales (P/S)1.14
Price to Cash Flow (P/CF)6.30
P/FCF Ratio6.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.26
Enterprise Value/Gross Profit1.19
Enterprise Value/Ebitda4.91
Forecast
1Y Price Target
$62.17Price Target Upside31.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
California Resources Corp News
Bulls Say, Bears Say
Bulls Say
Dividend And Share RepurchaseAfter achieving a leverage ratio under 0.5x, the company plans to increase the dividend and continue the share repurchase program.
Legislative DevelopmentsThe California legislature is expected to pass a bill that could be a positive catalyst for CRC, allowing the company to begin unlocking even more value in Carbon TerraVault.
Mergers And AcquisitionsThe pending merger with Aera and the final permit on its first CCS project are key near-term positive catalysts.
Bears Say
Production Guidance2024 guidance adjusted due to upheld ban, expecting a total production decline of approximately 5-7% for standalone CRC.
Project ViabilityThe Final Investment Decision on the CalCapture CCS project has been delayed, reflecting uncertainty in project viability.
Regulatory ChallengesKern County EIS litigation remains an overhang, suggesting possible future regulatory or legal obstacles.
---
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
CRC FAQ
What was California Resources Corp’s price range in the past 12 months?
California Resources Corp lowest stock price was $36.92 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 Aug 01, 2024 which is in 62 days.
How were California Resources Corp’s earnings last quarter?
California Resources Corp released its earnings results on May 07, 2024. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.709 by $0.041.
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 2.51%. See more information on California Resources Corp dividends here
What is California Resources Corp’s EPS estimate?
California Resources Corp’s EPS estimate is $1.04.
How many shares outstanding does California Resources Corp have?
California Resources Corp has 68,265,510 shares outstanding.
What happened to California Resources Corp’s price movement after its last earnings report?
California Resources Corp reported an EPS of $0.75 in its last earnings report, beating expectations of $0.709. Following the earnings report the stock price went down -5.383%.
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 149M.
---
California Resources Corp Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$62.17 (31.88% Upside)
$62.17 (31.88% Upside)
Blogger Sentiment
Bullish
CRC Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 25.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $11.1M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 1.4%
Last 30 Days ▲ 0.5%
Last 30 Days ▲ 0.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
20.62%
12-Months-Change
Fundamentals
Return on Equity
12.09%
Trailing 12-Months
Asset Growth
-2.25%
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.
---
CRC Company Deck
---
CRC Earnings Call
Q1 2024
0:00 / 0:00
---
CRC Stock 12 Month Forecast
Average Price Target
$62.17
▲(31.88% Upside)
Technical Analysis
Best Analysts Covering CRC
1 Year
1 Year Success Rate
10/20 ratings generated profit
1 Year Average Return
+4.58%
reiterated a buy rating 23 days ago
Copying Scott Hanold's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +4.58% per trade.
---