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The closing price of California Resources Corporation (NYSE: CRC) was $52.91 for the day, up 2.30% from the previous closing price of $51.72. In other words, the price has increased by $2.30 from its previous closing price. On the day, 0.63 million shares were traded. CRC stock price reached its highest trading level at $53.38 during the session, while it also had its lowest trading level at $51.45.
Ratios:
Our analysis of CRC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.35. For the most recent quarter (mrq), Quick Ratio is recorded 1.29 and its Current Ratio is at 1.41. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.29.
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, Barclays on April 10, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $62.
On January 05, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $64 to $60.
BofA Securities Upgraded its Neutral to Buy on February 24, 2023, whereas the target price for the stock was revised from $51 to $60.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 29 ’24 when McFarland Mark Allen sold 18,000 shares for $47.24 per share. The transaction valued at 850,385 led to the insider holds 86,939 shares of the business.
McFarland Mark Allen sold 37,000 shares of CRC for $1,779,710 on May 28 ’24. The Director now owns 104,939 shares after completing the transaction at $48.10 per share. On May 24 ’24, another insider, McFarland Mark Allen, who serves as the Director of the company, sold 75,000 shares for $47.18 each. As a result, the insider received 3,538,530 and left with 141,939 shares of the company.
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 4719180288 and an Enterprise Value of 3838961664. As of this moment, California’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.19, and their Forward P/E ratio for the next fiscal year is 7.60. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.01 while its Price-to-Book (P/B) ratio in mrq is 1.73. Its current Enterprise Value per Revenue stands at 1.658 whereas that against EBITDA is 7.724.
Stock Price History:
The Beta on a monthly basis for CRC is 1.41, which has changed by 0.16593218 over the last 52 weeks, in comparison to a change of 0.23951602 over the same period for the S&P500. Over the past 52 weeks, CRC has reached a high of $58.44, while it has fallen to a 52-week low of $43.30. The 50-Day Moving Average of the stock is 6.75%, while the 200-Day Moving Average is calculated to be 1.61%.
Shares Statistics:
CRC traded an average of 907.22K shares per day over the past three months and 750100 shares per day over the past ten days. A total of 89.58M shares are outstanding, with a floating share count of 79.99M. Insiders hold about 10.71% of the company’s shares, while institutions hold 87.33% stake in the company. Shares short for CRC as of 1718323200 were 7479611 with a Short Ratio of 6.62, compared to 1715731200 on 6700147. Therefore, it implies a Short% of Shares Outstanding of 7479611 and a Short% of Float of 15.120000000000001.
Dividends & Splits
With its trailing 12-month dividend rate of 1.185, CRC has a forward annual dividend rate of 1.21. Against a Trailing Annual Dividend Yield of 0.022911832
