For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
After finishing at $55.02 in the prior trading day, California Resources Corporation (NYSE: CRC) closed at $55.32, up 0.55%. In other words, the price has increased by $0.55 from its previous closing price. On the day, 0.6 million shares were traded. CRC stock price reached its highest trading level at $56.105 during the session, while it also had its lowest trading level at $54.63.
Ratios:
Our goal is to gain a better understanding of CRC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.55. 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, Jefferies on October 24, 2024, initiated with a Buy rating and assigned the stock a target price of $64.
On October 22, 2024, Stephens started tracking the stock assigning a Overweight rating and target price of $73.
On October 16, 2024, UBS started tracking the stock assigning a Buy rating and target price of $68.UBS initiated its Buy rating on October 16, 2024, with a $68 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 Nov 06 ’24 when Repetti Noelle M. sold 8,770 shares for $55.75 per share. The transaction valued at 488,928 led to the insider holds 8,531 shares of the business.
Leon Francisco sold 12,500 shares of CRC for $700,798 on Nov 06 ’24. The President and CEO now owns 153,857 shares after completing the transaction at $56.06 per share. On Nov 06 ’24, another insider, FRANCISCO LEON, who serves as the Officer of the company, bought 12,500 shares for $53.96 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 5073142784 and an Enterprise Value of 6054140416. As of this moment, California’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.71, and their Forward P/E ratio for the next fiscal year is 12.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.92 while its Price-to-Book (P/B) ratio in mrq is 1.41. Its current Enterprise Value per Revenue stands at 2.336 whereas that against EBITDA is 9.063.
Stock Price History:
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 1.24%, while the 200-Day Moving Average is calculated to be 6.20%.
Shares Statistics:
The stock has traded on average 698.15K shares per day over the past 3-months and 537180 shares per day over the last 10 days, according to various share statistics. A total of 89.46M shares are outstanding, with a floating share count of 75.24M. Insiders hold about 17.95% of the company’s shares, while institutions hold 86.67% stake in the company. Shares short for CRC as of 1731628800 were 3307181 with a Short Ratio of 4.74, compared to 1728950400 on 5814134. Therefore, it implies a Short% of Shares Outstanding of 3307181 and a Short% of Float of 4.5500003.
Dividends & Splits
In the trailing 12 months, CRC’s forward annual dividend rate was 1.318, compared to 1.40 this year. Against a Trailing Annual Dividend Yield of 0.023954924
