Top-Rated Dividend StocksTop-Rated DividendNYSE:CRC California Resources (CRC) Stock Price, News & Analysis → Trump’s “Tax Free” Retirement Strategy (From Gold Safe Exchange) (Ad) Free CRC Stock Alerts $55.11 +0.18 (+0.33%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$54.68▼$55.5950-Day Range$46.21▼$56.1852-Week Range$37.21▼$58.44Volume772,476 shsAverage Volume991,575 shsMarket Capitalization$3.79 billionP/E Ratio7.14Dividend Yield2.25%Price Target$63.67 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 Buy2.83 Rating ScoreUpside/Downside15.5% Upside$63.67 Price TargetShort InterestBearish9.62% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment-0.06Based on 14 Articles This WeekInsider TradingN/AProj. Earnings Growth46.17%From $4.57 to $6.68 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.3.05 out of 5 starsOils/Energy Sector118th out of 238 stocksCrude Petroleum & Natural Gas Industry45th out of 73 stocks 2.4 Analyst's Opinion Consensus RatingCalifornia Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $63.67, California Resources has a forecasted upside of 15.5% from its current price of $55.11.Amount of Analyst CoverageCalifornia Resources has only been the subject of 4 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted9.62% 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 5.9.Change versus previous monthShort interest in California Resources has recently increased by 7.95%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldCalifornia Resources pays a meaningful dividend of 2.33%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCalifornia Resources has only been increasing its dividend for 3 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 18.56% next year. This indicates that California Resources will be able to sustain or increase its 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 2.2 News and Social Media Coverage News SentimentCalifornia Resources has a news sentiment score of -0.06. 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 lower news sentiment than the 0.57 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 14 news articles for California Resources this week, compared to 3 articles on an average week.Search Interest6 people have searched for CRC on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.MarketBeat Follows5 people have added California Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 400% 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 0.03% 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. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for California Resources are expected to grow by 46.17% in the coming year, from $4.57 to $6.68 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of California Resources is 7.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.97.Price to Earnings Ratio vs. SectorThe P/E ratio of California Resources is 7.14, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.20.Price to Book Value per Share RatioCalifornia Resources has a P/B Ratio of 1.70. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad DTIWarning: this could blow your mindBuckle up… ‘Cause this might shatter everything you’ve heard about “income trading”. In fact, it’s such an extreme diversion from what most people think of typical income trades that I call it: The Perfect Income Trade You see, most of the income techniques out there target a couple of percent. Maybe 5 - 10 percent if you’re lucky. But this new way of trading income on the world’s top stocks goes after more than 10x that kind of return. And here’s the best news of all: This trade can target an opportunity like that every week. Every single week. Meaning an investor has the chance to “stack up” these more aggressive income trades over and over. If that sounds interesting…Watch the presentation here 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 HeadlinesMarch 29, 2024 | americanbankingnews.comCalifornia Resources (NYSE:CRC) & Indonesia Energy (NYSE:INDO) Head-To-Head ContrastMarch 26, 2024 | markets.businessinsider.comCalifornia Resources Corp (CRC) Gets a Buy from Stifel NicolausMarch 29, 2024 | WealthPress (Ad)The ProTrader Dashboard is simple to use! (trade demo inside)Top traders like Kathy, Philip, Matt and Michael made out like bandits… “Took 65% profit on VFC today! 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(NYSE:CRC) Receives Average Rating of "Moderate Buy" from BrokeragesMarch 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 PresentationFebruary 28, 2024 | msn.comCalifornia Resources declares $0.31 dividendFebruary 27, 2024 | finance.yahoo.comCalifornia Resources Corp Reports Robust 2023 Financial Results with Record Cash FlowFebruary 27, 2024 | businesswire.comCalifornia Resources Reports Fourth Quarter and Full-Year 2023 Financial and Operating ResultsFebruary 27, 2024 | businesswire.comCarbon TerraVault Provides 2023 UpdateFebruary 27, 2024 | seekingalpha.comCalifornia Resources: Thank Goodness For A Strong Balance SheetFebruary 26, 2024 | benzinga.comCalifornia Resources's Earnings: A PreviewFebruary 23, 2024 | finance.yahoo.comCRC Dec 2024 30.000 callFebruary 23, 2024 | finance.yahoo.comCRC Oct 2024 35.000 putFebruary 13, 2024 | finance.yahoo.comCalifornia Resources (CRC) to Snap Up Aera, Boost PortfolioFebruary 7, 2024 | finance.yahoo.comUPDATE 2-California Resources boosts production with $2.1 bln deal for AeraFebruary 7, 2024 | finance.yahoo.comCalifornia Resources to Buy Aera Energy in $2.1 Billion DealFebruary 7, 2024 | finance.yahoo.comCPP Investments to Acquire Common Stock in California Resources Corporation through Aera Energy MergerJanuary 24, 2024 | msn.comCarbon causes climate change. Why does a Kern County want to make more?January 5, 2024 | markets.businessinsider.comWhat To Know About B of A Securities's Downgrade of California ResourcesSee 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 Last Earnings2/27/2024Ex-Dividend for 3/18 Dividend3/05/2024Dividend Payable3/18/2024Today3/28/2024Next Earnings (Estimated)5/06/2024Fiscal 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$63.67 High Stock Price Target$70.00 Low Stock Price Target$56.00 Potential Upside/Downside+15.5%Consensus RatingModerate Buy Rating Score (0-4)2.83 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$7.72 Trailing P/E Ratio7.14 Forward P/E Ratio12.06 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 / Sales1.35 Cash Flow$9.00 per share Price / Cash Flow6.12 Book Value$32.34 per share Price / Book1.70Miscellaneous Outstanding Shares68,760,000Free Float68,741,000Market Cap$3.79 billion OptionableOptionable Beta1.02 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. 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:CNXVista EnergyNYSE:VISTEnerplusNYSE:ERFNorthern Oil and GasNYSE:NOGBlack Stone MineralsNYSE:BSMView All CompetitorsInstitutional OwnershipPNC Financial Services Group Inc.Sold 474 shares on 3/22/2024Ownership: 0.003%Hennessy Advisors Inc.Bought 378,800 shares on 3/14/2024Ownership: 0.547%Vanguard Group Inc.Sold 58,390 shares on 3/11/2024Ownership: 11.197%Goldman Sachs Group Inc.Sold 13,408 shares on 3/1/2024Ownership: 0.246%American International Group Inc.Sold 1,395 shares on 2/28/2024Ownership: 0.055%View All Institutional Transactions CRC Stock Analysis - Frequently Asked Questions Should I buy or sell California Resources stock right now? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last year. There are currently 1 hold rating 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? 6 brokers have issued 1-year price objectives 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 $63.67 in the next twelve months. This suggests a possible upside of 15.5% 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 stock has increased by 0.8% and is now trading at $55.11. View the best growth stocks for 2024 here. Are investors shorting California Resources? California Resources saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 5,570,000 shares, an increase of 7.9% from the February 29th total of 5,160,000 shares. Based on an average daily trading volume, of 949,000 shares, the short-interest ratio is presently 5.9 days. Approximately 9.6% of the shares of the company are sold short. 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, May 6th 2024. View our CRC earnings forecast. How were California Resources' earnings last quarter? California Resources Co. (NYSE:CRC) announced its 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 had revenue of $726 million for the quarter, compared to analyst estimates of $553.47 million. California Resources had a net margin of 20.14% and a trailing twelve-month return on equity of 17.57%. The firm's revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 EPS. How often does California Resources pay dividends? What is the dividend yield for California Resources? California Resources announced a quarterly dividend on Tuesday, February 27th. Shareholders of record on Wednesday, March 6th will be given a dividend of $0.31 per share on Monday, March 18th. This represents a $1.24 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Tuesday, March 5th. 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 2.33%. 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. 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), Pacer US Small Cap Cash Cows 100 ETF (CALF), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Cambria Shareholder Yield ETF (SYLD), LeaderShares Activist Leaders ETF (ACTV) and First Trust Small Cap Value AlphaDEX Fund (FYT). When did California Resources' stock split? California Resources shares 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.30%), Vanguard Group Inc. (11.20%), Dimensional Fund Advisors LP (4.81%), LSV Asset Management (4.55%), Pacer Advisors Inc. (2.86%) and Victory Capital Management Inc. (1.29%). 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 3/29/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsTop Project Outperforms BTC in 2023…Crypto 101 MediaThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryAI healthcare stock poised for 36,996% growth?Behind the MarketsOnly a fool would buy Nvidia today… Porter & CompanyBill Gates is all about this tiny $2 stockTimothy Sykes Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding California Resources Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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