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California Resources Corp (CRC)
NYSE:CRC
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CRC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$43.09 - $58.44
Previous Close$52.31
Volume125.38K
Average Volume (3M)886.48K
Market Cap
$4.77B
Enterprise Value$4.82B
Total Cash (Recent Filing)$1.03B
Total Debt (Recent Filing)$1.16B
Price to Earnings (P/E)23.4
Beta0.70
Next Earnings
Oct 30, 2024EPS Estimate
$1.55Last Dividend Ex-Date
Aug 30, 2024Dividend Yield2.5%
Share Statistics
EPS (TTM)2.25
Shares Outstanding89,190,000
10 Day Avg. Volume780,337
30 Day Avg. Volume886,482
Standard Deviation0.14
R-Squared0.25
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)2.27
Price to Sales (P/S)2.05
Price to Cash Flow (P/CF)12.10
P/FCF Ratio18.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.37
Enterprise Value/Gross Profit3.60
Enterprise Value/Ebitda11.95
Forecast
1Y Price Target
$62.33Price Target Upside17.12% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
California Resources Corp News
Bulls Say, Bears Say
Bulls Say
Carbon Capture And Storage (CCS)CRC submitted a 102 MMT Class VI permit for CTV VI, bringing total potential CO2 storage capacity to 320 MMT.
Shareholder ReturnsManagement announced a 25% increase to the base dividend starting in the third quarter.
Synergies And Cost SavingsPost-Aera synergies were updated to $235mm mostly via interest expense savings and some operational synergies.
Bears Say
Capital ExpenditureCRC lowered F2024 capital guidance by $100mm to $200 - $240mm under a one-rig program that should result in a ~5%-7% entry-to-exit production decline.
Litigation RisksKern County EIS litigation remains an overhang, with the focus likely on whether CRC (+ Aera) can get permits to restart drilling activity in 2025 to arrest the volume declines.
Regulatory ChallengesGiven ongoing permitting challenges between the state and Kern County, the county is under an existing permit moratorium.
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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 $43.09 and its highest was $58.44 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 Oct 30, 2024 which is in 40 days.
How were California Resources Corp’s earnings last quarter?
California Resources Corp released its earnings results on Aug 06, 2024. The company reported $0.6 earnings per share for the quarter, missing the consensus estimate of $0.834 by -$0.234.
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 $0.39 which represents an annual dividend yield of 2.5%. See more information on California Resources Corp dividends here
What is California Resources Corp’s EPS estimate?
California Resources Corp’s EPS estimate is $1.55.
How many shares outstanding does California Resources Corp have?
California Resources Corp has 89,581,215 shares outstanding.
What happened to California Resources Corp’s price movement after its last earnings report?
California Resources Corp reported an EPS of $0.6 in its last earnings report, missing expectations of $0.834. Following the earnings report the stock price went up 5.609%.
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 144M.
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California Resources Corp Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$62.33 (17.12% Upside)
$62.33 (17.12% Upside)
Blogger Sentiment
Bullish
CRC Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 120.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $1.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 2.1%
Last 30 Days ▼ 2.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-6.25%
12-Months-Change
Fundamentals
Return on Equity
7.88%
Trailing 12-Months
Asset Growth
15.13%
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
Q2 2024
0:00 / 0:00
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CRC Stock 12 Month Forecast
Average Price Target
$62.33
▲(17.12% Upside)
Technical Analysis
Best Analysts Covering CRC
1 Year
1 Year Success Rate
10/13 ratings generated profit
1 Year Average Return
+11.52%
reiterated a buy rating 5 months ago
Copying Nathaniel Pendleton's trades and holding each position for 1 Year would result in 76.92% of your transactions generating a profit, with an average return of +11.52% per trade.
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