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California Resources Corp (CRC)
NYSE:CRC
RESEARCH TOOLSreports
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CRC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$43.09 - $60.41
Previous Close$59.58
Volume84.14K
Average Volume (3M)696.71K
Market Cap
$5.47B
Enterprise Value$6.35B
Total Cash (Recent Filing)$241.00M
Total Debt (Recent Filing)$1.13B
Price to Earnings (P/E)9.4
Beta0.75
Next Earnings
Feb 26, 2025EPS Estimate
$1.04Next Dividend Ex-Date
Dec 02, 2024Dividend Yield2.27%
Share Statistics
EPS (TTM)6.35
Shares Outstanding91,705,360
10 Day Avg. Volume643,027
30 Day Avg. Volume696,705
Standard Deviation0.14
R-Squared0.25
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)1.52
Price to Sales (P/S)2.02
Price to Cash Flow (P/CF)6.00
P/FCF Ratio9.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.20
Enterprise Value/Gross Profit4.75
Enterprise Value/Ebitda6.35
Forecast
1Y Price Target
$65.88Price Target Upside10.50% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
California Resources Corp News
PremiumCompany Announcements
California Resources Corp: Strong Q3 2024 Results
Bulls Say, Bears Say
Bulls Say
Carbon Capture And StorageCRC is set to receive CA's first Class VI permits and begin injecting CO at its CTV I site, largely funded by a $500MM commitment from 49% partner, Brookfield Corporation.
Operational PerformanceCRC delivered a strong operation quarter in the conventional oil and gas business, complemented by the realization of Aera synergies.
Shareholder ReturnsCRC returned $76mm (54% of FCF) to shareholders via dividends and buybacks in the quarter which equates to a 6% annualized yield.
Bears Say
Financial PerformanceMargins from marketing purchased commodities dropped by 50%, and electricity margins fell sharply by 67%.
Project And Operational RisksOngoing permitting challenges exist between the state and Kern County, leading to a permit moratorium, with potential production declines modeled beyond the current permits.
Regulatory RisksRegulatory and political risk in California poses challenges to CRC's operations.
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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 $60.41 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 Feb 26, 2025 which is in 95 days.
How were California Resources Corp’s earnings last quarter?
California Resources Corp released its earnings results on Nov 05, 2024. The company reported $1.5 earnings per share for the quarter, beating the consensus estimate of $1.256 by $0.244.
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 2.27%. 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 91,705,360 shares outstanding.
What happened to California Resources Corp’s price movement after its last earnings report?
California Resources Corp reported an EPS of $1.5 in its last earnings report, beating expectations of $1.256. Following the earnings report the stock price went up 5.356%.
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 142M.
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California Resources Corp Stock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$65.88 (10.50% Upside)
$65.88 (10.50% Upside)
Hedge Fund Trend
Decreased
By 128.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.0%
Last 30 Days ▼ 0.8%
Last 30 Days ▼ 0.8%
Technicals
SMA
Positive
20 days / 200 days
Momentum
18.48%
12-Months-Change
Fundamentals
Return on Equity
19.13%
Trailing 12-Months
Asset Growth
80.36%
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
Q3 2024
0:00 / 0:00
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CRC Stock 12 Month Forecast
Average Price Target
$65.88
▲(10.50% Upside)
Technical Analysis
Best Analysts Covering CRC
1 Year
1 Year Success Rate
10/10 ratings generated profit
1 Year Average Return
+12.64%
reiterated a buy rating 16 days ago
Copying Leo Mariani's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +12.64% per trade.
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