California Resources (CRC) Stock Price, News & Analysis

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last year. 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.
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7 Wall Street research analysts have issued twelve-month target prices for California Resources' stock. Their CRC share price targets range from $56.00 to $70.00. On average, they anticipate the company's stock price to reach $63.43 in the next year. This suggests a possible upside of 18.1% from the stock's current price.
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California Resources' stock was trading at $54.68 at the beginning of 2024. Since then, CRC shares have decreased by 1.8% and is now trading at $53.69.
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California Resources saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 7,200,000 shares, an increase of 29.3% from the March 15th total of 5,570,000 shares. Based on an average daily trading volume, of 978,800 shares, the short-interest ratio is presently 7.4 days. Approximately 12.5% of the company's shares are short sold.
View California Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our CRC earnings forecast.

California Resources will be holding an earnings conference call on Wednesday, May 8th at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link.

California Resources Co. (NYSE:CRC) announced its quarterly earnings results on Tuesday, February, 27th. The oil and gas producer reported $0.93 EPS for the quarter, missing the consensus estimate of $1.01 by $0.08. The oil and gas producer earned $726 million during the quarter, compared to analysts' expectations of $553.47 million. California Resources had a trailing twelve-month return on equity of 17.57% and a net margin of 20.14%. California Resources's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.24 earnings per share.

California Resources announced a quarterly dividend on Tuesday, February 27th. Stockholders of record on Wednesday, March 6th will be paid a dividend of $0.31 per share on Monday, March 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Tuesday, March 5th.
Read our dividend analysis for CRC.

California Resources (NYSE:CRC) pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.25%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it 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 18.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRC.

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), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Vest Rising Dividend Achievers Target Income ETF (RDVI), Pacer US Small Cap Cash Cows 100 ETF (CALF), SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and Invesco S&P SmallCap Quality ETF (XSHQ).

California Resources shares reverse split 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 closing bell 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.

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).

California Resources' stock is owned by a variety of retail and institutional investors. Top institutional investors include Hennessy Advisors Inc. (0.63%) and Allspring Global Investments Holdings LLC (0.16%). 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.
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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.
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