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The price of California Resources Corporation (NYSE: CRC) closed at $51.09 in the last session, down -3.35% from day before closing price of $52.86. In other words, the price has decreased by -$3.35 from its previous closing price. On the day, 0.59 million shares were traded. CRC stock price reached its highest trading level at $52.805 during the session, while it also had its lowest trading level at $51.05.
Ratios:
We take a closer look at CRC’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.64. For the most recent quarter (mrq), Quick Ratio is recorded 1.39 and its Current Ratio is at 1.51. In the meantime, Its Debt-to-Equity ratio is 0.27 whereas as Long-Term Debt/Eq ratio is at 0.27.
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.
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 3513035008 and an Enterprise Value of 3653230080. As of this moment, California’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.61, and their Forward P/E ratio for the next fiscal year is 7.42. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.25 while its Price-to-Book (P/B) ratio in mrq is 1.58. Its current Enterprise Value per Revenue stands at 1.32 whereas that against EBITDA is 5.095.
Stock Price History:
The Beta on a monthly basis for CRC is 1.48, which has changed by 0.32977617 over the last 52 weeks, in comparison to a change of 0.23568535 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 $37.21. The 50-Day Moving Average of the stock is -5.57%, while the 200-Day Moving Average is calculated to be -4.04%.
Shares Statistics:
According to the various share statistics, CRC traded on average about 992.22K shares per day over the past 3-months and 416890 shares per day over the past 10 days. A total of 68.69M shares are outstanding, with a floating share count of 57.68M. Insiders hold about 16.11% of the company’s shares, while institutions hold 90.73% stake in the company. Shares short for CRC as of 1713139200 were 6357961 with a Short Ratio of 6.41, compared to 1710460800 on 5572480. Therefore, it implies a Short% of Shares Outstanding of 6357961 and a Short% of Float of 12.82.
Dividends & Splits
The forward annual dividend rate for CRC is 1.19, which was 1.158 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.021906924
Earnings Estimates
A detailed examination of California Resources Corporation (CRC) is currently in progress, with 5.0 analysts providing valuable insights into its market dynamics.On average, analysts expect EPS of $0.63 for the current quarter, with a high estimate of $0.68 and a low estimate of $0.57, while EPS last year was $2.63. The consensus estimate for the next quarter is $0.8, with high estimates of $1.23 and low estimates of $0.31.
Analysts are recommending an EPS of between $5.73 and $3.6 for the fiscal current year, implying an average EPS of $4.92. EPS for the following year is $6.63, with 6.0 analysts recommending between $8.93 and $5.38.
Revenue Estimates
According to 4 analysts, the current quarter’s revenue is expected to be $483.31M. It ranges from a high estimate of $547.8M to a low estimate of $431M. As of the current estimate, California Resources Corporation’s year-ago sales were $702.47MFor the next quarter, 4 analysts are estimating revenue of $485.17M. There is a high estimate of $549M for the next quarter, whereas the lowest estimate is $393M.
A total of 4 analysts have provided revenue estimates for CRC’s current fiscal year. The highest revenue estimate was $3.25B, while the lowest revenue estimate was $2.4B, resulting in an average revenue estimate of $2.92B. In the same quarter a year ago, actual revenue was $2.81BBased on 4 analysts’ estimates, the company’s revenue will be $3.65B in the next fiscal year. The high estimate is $3.97B and the low estimate is $3.06B.
