California Resources/CRC

$55.79

-1.32%
-
1D1W1MYTD1YMAX

About California Resources

California Resources Corporation is an independent energy and carbon management company committed to energy transition. It produces the lowest carbon intensity oil in the United States. It is in the early stages of developing several carbon capture and storage projects in California. Its carbon management business, Carbon TerraVault, is focused on building, installing, operating, and maintaining carbon dioxide (CO2) capture equipment, transportation assets and storage facilities in California. It has operations in oil and gas basins, including San Joaquin Basin, Los Angeles Basin, Sacramento Basin, and other. It holds substantially all the working, surface and mineral interests in the Elk Hills field, which is its largest producing asset in the San Joaquin basin, and has a large ownership interest in several other oil fields located in the San Joaquin basin, including Buena Vista and Coles Levee. The Los Angeles Basin is a northwest-trending plain about 50 miles long and 20 miles wide.

Ticker

CRC

Sector

Energy

Trading on

NYSE

Industry

Oil & Gas Operations

CEO

Francisco Leon

Employees

970

Headquarters

Long beach, United States

CRC Metrics

BasicAdvanced
$3.92B
Market cap
7.32
P/E ratio
$7.73
EPS
1.48
Beta
$1.23
Dividend rate
2.19%
Dividend yield
$3.92B
1.47805
$58.44
$37.21
990.95K
$1.23
1.508
1.391
24.335
24.335
14.72%
7.573
11.98%
14.16%
27.63%
17.47%
7.316
1.398
1.75
1.765
10.121
2.18%
2.19%
3.47%
12.44%
21.57%
-41.55%

What the Analysts think about CRC

Analyst Ratings

Majority rating from 6 analysts.
Buy

Price Targets

Average projection from 6 analysts.
10.23% upside
High $68.00
Low $55.00
$55.79
Current price
$61.50
Average price target

CRC Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
25.89% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$726M
57.83%
Net income
$188M
-954.55%
Profit margin
25.89%
-641.63%

CRC Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 1.75%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$2.63
$0.53
$1.02
$0.93
-
Expected
$1.96
$0.71
$0.81
$0.91
$0.66
Surprise
34.49%
-25.74%
25.2%
1.75%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

Upcoming events

FAQs

What’s the current market cap for California Resources stock?

California Resources (CRC) has a market cap of $3.92B as of April 13, 2024.

What is the P/E ratio for California Resources stock?

The price to earnings (P/E) ratio for California Resources (CRC) stock is 7.32 as of April 13, 2024.

Does California Resources stock pay dividends?

Yes, the California Resources (CRC) stock pays dividends to shareholders. As of April 13, 2024, the dividend rate is $1.2335 and the yield is 2.19%. California Resources has a payout ratio of 14.72% on a trailing twelve-month basis.

When is the next California Resources dividend payment date?

The next California Resources (CRC) dividend payment date is unconfirmed.

What is the beta indicator for California Resources?

California Resources (CRC) has a beta rating of 1.48. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the California Resources stock price target?

The target price for California Resources (CRC) stock is $61.5, which is 10.23% above the current price of $55.79. This is an average based on projections from 6 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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