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In the latest session, California Resources Corporation (NYSE: CRC) closed at $50.41 down -1.70% from its previous closing price of $51.28. In other words, the price has decreased by -$1.70 from its previous closing price. On the day, 0.57 million shares were traded. CRC stock price reached its highest trading level at $51.905 during the session, while it also had its lowest trading level at $50.26.
Ratios:
For a deeper understanding of California Resources Corporation’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.53. For the most recent quarter (mrq), Quick Ratio is recorded 2.33 and its Current Ratio is at 2.43. In the meantime, Its Debt-to-Equity ratio is 0.60 whereas as Long-Term Debt/Eq ratio is at 0.59.
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, UBS on October 16, 2024, initiated with a Buy rating and assigned the stock a target price of $68.
On August 21, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $57 to $65.
On August 02, 2024, TD Cowen started tracking the stock assigning a Buy rating and target price of $65.TD Cowen initiated its Buy rating on August 02, 2024, with a $65 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 17 ’24 when Repetti Noelle M. sold 10,000 shares for $53.00 per share. The transaction valued at 530,000 led to the insider holds 17,301 shares of the business.
Repetti Noelle M. bought 10,000 shares of CRC for $530,000 on Sep 17 ’24. On Sep 05 ’24, another insider, Leon Francisco, who serves as the President and CEO of the company, sold 7,500 shares for $49.18 each. As a result, the insider received 368,878 and left with 166,357 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 4496199168 and an Enterprise Value of 3684729088. As of this moment, California’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.41, and their Forward P/E ratio for the next fiscal year is 12.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.95 while its Price-to-Book (P/B) ratio in mrq is 1.67. Its current Enterprise Value per Revenue stands at 1.631 whereas that against EBITDA is 16.304.
Stock Price History:
Over the past 52 weeks, CRC has reached a high of $57.88, while it has fallen to a 52-week low of $43.09. The 50-Day Moving Average of the stock is -1.67%, while the 200-Day Moving Average is calculated to be -1.76%.
Shares Statistics:
For the past three months, CRC has traded an average of 751.88K shares per day and 648540 over the past ten days. A total of 89.19M shares are outstanding, with a floating share count of 73.20M. Insiders hold about 17.93% of the company’s shares, while institutions hold 87.22% stake in the company. Shares short for CRC as of 1727654400 were 6159389 with a Short Ratio of 8.19, compared to 1724976000 on 5392598. Therefore, it implies a Short% of Shares Outstanding of 6159389 and a Short% of Float of 8.7799996.
Dividends & Splits
According to the company, the forward annual dividend rate for CRC is 1.32, from 1.213 in the trailing year. Against a Trailing Annual Dividend Yield of 0.023654448
