Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
California Resources Corporation (NYSE: CRC) closed the day trading at $48.57 up 0.08% from the previous closing price of $48.53. In other words, the price has increased by $0.08 from its previous closing price. On the day, 0.54 million shares were traded. CRC stock price reached its highest trading level at $49.265 during the session, while it also had its lowest trading level at $47.91.
Ratios:
For a better understanding of CRC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.36. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 0.97. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.34.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Truist on January 13, 2025, initiated with a Buy rating and assigned the stock a target price of $75.
On December 20, 2024, JP Morgan started tracking the stock assigning a Neutral rating and target price of $63.
On October 24, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $64.Jefferies initiated its Buy rating on October 24, 2024, with a $64 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 12 ’24 when Hayat Omar sold 16,016 shares for $55.18 per share. The transaction valued at 883,821 led to the insider holds 30,940 shares of the business.
Preston Michael L. sold 83,000 shares of CRC for $4,580,559 on Dec 12 ’24. The EVP, Chf Strategy Officer & GC now owns 41,938 shares after completing the transaction at $55.19 per share. On Dec 12 ’24, another insider, Preston Michael L., who serves as the Officer of the company, bought 83,000 shares for $55.19 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRC now has a Market Capitalization of 4437986816 and an Enterprise Value of 5435129344. As of this moment, California’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.65, and their Forward P/E ratio for the next fiscal year is 12.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.68 while its Price-to-Book (P/B) ratio in mrq is 1.24. Its current Enterprise Value per Revenue stands at 2.097 whereas that against EBITDA is 8.136.
Stock Price History:
The Beta on a monthly basis for CRC is 1.47, which has changed by -0.08812475 over the last 52 weeks, in comparison to a change of 0.2000997 over the same period for the S&P500. Over the past 52 weeks, CRC has reached a high of $60.41, while it has fallen to a 52-week low of $43.09. The 50-Day Moving Average of the stock is -9.49%, while the 200-Day Moving Average is calculated to be -6.24%.
Shares Statistics:
Over the past 3-months, CRC traded about 713.98K shares per day on average, while over the past 10 days, CRC traded about 585050 shares per day. A total of 89.46M shares are outstanding, with a floating share count of 75.43M. Insiders hold about 17.44% of the company’s shares, while institutions hold 86.71% stake in the company. Shares short for CRC as of 1736899200 were 3276939 with a Short Ratio of 4.59, compared to 1734048000 on 3222711. Therefore, it implies a Short% of Shares Outstanding of 3276939 and a Short% of Float of 4.5300003.
Dividends & Splits
CRC’s forward annual dividend rate is 1.40, up from 1.318 a year ago. Against a Trailing Annual Dividend Yield of 0.027158458
Earnings Estimates
The current rating of California Resources Corporation (CRC) reflects the combined expertise of 11.0 analysts actively engaged in assessing its market performance.The consensus estimate for the next quarter is $0.96, with high estimates of $1.41 and low estimates of $0.71.
Analysts are recommending an EPS of between $4.32 and $3.27 for the fiscal current year, implying an average EPS of $3.89. EPS for the following year is $3.75, with 11.0 analysts recommending between $4.95 and $2.84.
Revenue Estimates
7 analysts predict $901.36M in revenue for the current quarter. It ranges from a high estimate of $932.81M to a low estimate of $836M. As of the current estimate, California Resources Corporation’s year-ago sales were $726MFor the next quarter, 7 analysts are estimating revenue of $864.66M. There is a high estimate of $931.81M for the next quarter, whereas the lowest estimate is $816M.
A total of 7 analysts have provided revenue estimates for CRC’s current fiscal year. The highest revenue estimate was $3.25B, while the lowest revenue estimate was $2.7B, resulting in an average revenue estimate of $2.98B. In the same quarter a year ago, actual revenue was $2.8BBased on 7 analysts’ estimates, the company’s revenue will be $3.38B in the next fiscal year. The high estimate is $3.61B and the low estimate is $3.13B.
