NYSE:CRC California Resources (CRC) Stock Price, News & Analysis → Did You Get Your Free Bitcoin Yet? (From Crypto Swap Profits) (Ad) Free CRC Stock Alerts $48.77 -1.42 (-2.83%) (As of 05/10/2024 ET) Add Compare Share Share Today's Range$48.77▼$50.7750-Day Range$48.34▼$56.9252-Week Range$37.21▼$58.44Volume885,448 shsAverage Volume481,378 shsMarket Capitalization$3.35 billionP/E Ratio6.32Dividend Yield2.54%Price Target$63.57 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get California Resources alerts: Email Address California Resources MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.71 Rating ScoreUpside/Downside30.3% Upside$63.57 Price TargetShort InterestBearish10.63% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.66Based on 23 Articles This WeekInsider TradingN/AProj. Earnings Growth53.02%From $4.64 to $7.10 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.4.08 out of 5 starsOils/Energy Sector64th out of 242 stocksCrude Petroleum & Natural Gas Industry25th out of 76 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 2.0 Short Interest Percentage of Shares Shorted10.63% 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 6.3.Change versus previous monthShort interest in California Resources has recently decreased by 3.62%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldCalifornia Resources pays a meaningful dividend of 2.35%, 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 16.06%. 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 17.46% 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 2.6 News and Social Media Coverage News SentimentCalifornia Resources has a news sentiment score of 0.66. 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 is a higher news sentiment than the 0.50 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 23 news articles for California Resources this week, compared to 3 articles on an average week.Search InterestOnly 4 people have searched for CRC on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added California Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, California Resources insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.63% 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 3.1 Earnings and Valuation Earnings GrowthEarnings for California Resources are expected to grow by 53.02% in the coming year, from $4.64 to $7.10 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of California Resources is 6.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.94.Price to Earnings Ratio vs. SectorThe P/E ratio of California Resources is 6.32, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.42.Price to Book Value per Share RatioCalifornia Resources has a P/B Ratio of 1.51. 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 Banyan Hill PublishingCEO of Biggest AI Chipmaker Just Dropped a Bombshell…Nvidia’s CEO calls it the “next amazing revolution” … and even declared it “is going to be flat out of the biggest [revolution] ever.” Jeff Bezos, Bill Gates, and Mark Zuckerberg have invested billions in it.Click on Adam's shiny forehead for more details. 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 11, 2024 | americanbankingnews.comQ2 2024 EPS Estimates for California Resources Co. (NYSE:CRC) Boosted by Roth CapitalMay 10, 2024 | americanbankingnews.comQ4 2024 EPS Estimates for California Resources Co. Reduced by Roth Capital (NYSE:CRC)May 11, 2024 | Weiss Ratings (Ad)[URGENT] DO NOT Touch These AI Stocks!Artificial intelligence stocks are carrying the market. One of them, Nvidia, recently became the seventh company ever to hit a $1 trillion market cap. But is this AI rally over?May 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 11, 2024 | Weiss Ratings (Ad)[URGENT] DO NOT Touch These AI Stocks!Artificial intelligence stocks are carrying the market. One of them, Nvidia, recently became the seventh company ever to hit a $1 trillion market cap. But is this AI rally over?May 8, 2024 | americanbankingnews.comCalifornia Resources Co. (NYSE:CRC) Given Consensus Rating of "Moderate Buy" by AnalystsMay 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 AssetsApril 10, 2024 | markets.businessinsider.comCracking The Code: Understanding Analyst Reviews For California ResourcesApril 8, 2024 | businesswire.comCalifornia Resources Corporation Schedules First Quarter 2024 Earnings Conference CallMarch 26, 2024 | markets.businessinsider.comCalifornia Resources Corp (CRC) Gets a Buy from Stifel NicolausMarch 23, 2024 | wsj.comCalifornia Resources Corp.March 7, 2024 | realmoney.thestreet.comCalifornia Resources weakness reflects continued stay in place, says RBCFebruary 29, 2024 | finance.yahoo.comCalifornia Resources Full Year 2023 Earnings: Beats ExpectationsFebruary 28, 2024 | seekingalpha.comCalifornia Resources Corporation 2023 Q4 - Results - Earnings Call PresentationSee 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 Earnings5/07/2024Today5/11/2024Ex-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$63.57 High Stock Price Target$70.00 Low Stock Price Target$56.00 Potential Upside/Downside+30.3%Consensus RatingModerate Buy Rating Score (0-4)2.71 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$7.72 Trailing P/E Ratio6.32 Forward P/E Ratio10.51 P/E GrowthN/ANet Income$564 million Net Margins20.14% Pretax Margin26.70% Return on Equity17.57% Return on Assets9.39% Debt Debt-to-Equity Ratio0.24 Current Ratio1.51 Quick Ratio1.39 Sales & Book Value Annual Sales$2.80 billion Price / Sales1.20 Cash Flow$8.05 per share Price / Cash Flow6.06 Book Value$32.34 per share Price / Book1.51Miscellaneous Outstanding Shares68,760,000Free Float68,329,000Market Cap$3.35 billion OptionableOptionable Beta1.03 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.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)Executive VP, Chief Strategy Officer & 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 CompetitorsCNX ResourcesNYSE:CNXBlack Stone MineralsNYSE:BSMEnerplusNYSE:ERFNorthern Oil and GasNYSE:NOGComstock ResourcesNYSE:CRKView All CompetitorsInstitutional OwnershipVanguard Group Inc.Bought 344,043 shares on 5/10/2024Ownership: 11.780%Jupiter Asset Management Ltd.Bought 87,974 shares on 5/10/2024Ownership: 0.128%South Street Advisors LLCBought 75,120 shares on 5/10/2024Ownership: 0.109%Mitsubishi UFJ Trust & Banking CorpBought 14,896 shares on 5/10/2024Ownership: 0.036%Private Management Group Inc.Bought 5,898 shares on 5/9/2024Ownership: 1.008%View All Institutional Transactions CRC Stock Analysis - Frequently Asked Questions Should I buy or sell California Resources stock right now? 7 Wall Street 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 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 price objectives for California Resources' shares. Their CRC share price targets range from $56.00 to $70.00. On average, they anticipate the company's share price to reach $63.57 in the next twelve months. This suggests a possible upside of 30.3% 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 at the beginning of the year. Since then, CRC shares have decreased by 10.8% and is now trading at $48.77. View the best growth stocks for 2024 here. Are investors shorting California Resources? California Resources saw a decline in short interest during the month of April. As of April 15th, there was short interest totaling 6,360,000 shares, a decline of 11.7% from the March 31st total of 7,200,000 shares. Based on an average daily trading volume, of 987,200 shares, the short-interest ratio is presently 6.4 days. Approximately 11.0% of the shares of the company 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) issued its quarterly earnings results on Tuesday, May, 7th. The oil and gas producer reported $0.75 EPS 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 trailing twelve-month return on equity of 17.57% and a net margin of 20.14%. The business's revenue was down 55.7% on a year-over-year basis. During the same period last year, the firm posted $2.63 earnings per share. How often does California Resources pay dividends? What is the dividend yield for California Resources? California Resources announced a quarterly dividend on Tuesday, May 7th. Investors 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 yield of 2.54%. 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 2.35%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRC will have a dividend payout ratio of 17.46% 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), Alpha Architect U.S. Quantitative Value ETF (QVAL), Pacer US Small Cap Cash Cows 100 ETF (CALF), 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 before market open 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 a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.78%), LSV Asset Management (4.52%), Private Management Group Inc. (1.01%), DAVENPORT & Co LLC (0.91%), Hennessy Advisors Inc. (0.63%) and Principal Financial Group Inc. (0.58%). Insiders that own company stock include Ares Management Llc, Bo Kruse, Bob D Brown, Burt W Podbere, Goldentree Asset Management Lp, Guy Carling, Suku Krishnaraj Chettiar, Tiffany Thom Cepak 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. This page (NYSE:CRC) was last updated on 5/11/2024 by MarketBeat.com Staff From Our PartnersDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsThe Crypto 9-5 Escape PlanCrypto 101 MediaGlobal crypto currency reset (41 major banks signed up)Stansberry ResearchForget Bitcoin. 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