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California Resources Corporation (NYSE: CRC) closed the day trading at $43.29 down -1.61% from the previous closing price of $44.00. In other words, the price has decreased by -$1.61 from its previous closing price. On the day, 1.66 million shares were traded. CRC stock price reached its highest trading level at $44.4 during the session, while it also had its lowest trading level at $43.09.
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 9.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.47. 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, TD Cowen on August 02, 2024, initiated with a Buy rating and assigned the stock a target price of $65.
On April 10, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $62.Barclays initiated its Equal Weight rating on April 10, 2024, with a $62 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 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 3861147648 and an Enterprise Value of 3179695872. As of this moment, California’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.42, and their Forward P/E ratio for the next fiscal year is 7.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.65 while its Price-to-Book (P/B) ratio in mrq is 1.42. Its current Enterprise Value per Revenue stands at 1.374 whereas that against EBITDA is 6.398.
Stock Price History:
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 -12.92%, while the 200-Day Moving Average is calculated to be -16.22%.
Shares Statistics:
Over the past 3-months, CRC traded about 962.84K shares per day on average, while over the past 10 days, CRC traded about 825900 shares per day. A total of 89.58M shares are outstanding, with a floating share count of 73.96M. Insiders hold about 17.44% of the company’s shares, while institutions hold 87.33% stake in the company. Shares short for CRC as of 1721001600 were 6036688 with a Short Ratio of 6.27, compared to 1718323200 on 7479611. Therefore, it implies a Short% of Shares Outstanding of 6036688 and a Short% of Float of 8.61.
Dividends & Splits
CRC’s forward annual dividend rate is 1.21, up from 1.185 a year ago. Against a Trailing Annual Dividend Yield of 0.026931817
Earnings Estimates
The company has 7.0 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $2.03, with high estimates of $3.35 and low estimates of $1.47.
Analysts are recommending an EPS of between $6.01 and $4.2 for the fiscal current year, implying an average EPS of $4.99. EPS for the following year is $5.5, with 7.0 analysts recommending between $8.57 and -$0.83.
Revenue Estimates
5 analysts predict $459.49M in revenue for the current quarter. It ranges from a high estimate of $546.4M to a low estimate of $406M. As of the current estimate, California Resources Corporation’s year-ago sales were $536.64MFor the next quarter, 5 analysts are estimating revenue of $977.81M. There is a high estimate of $1.14B for the next quarter, whereas the lowest estimate is $875M.
A total of 5 analysts have provided revenue estimates for CRC’s current fiscal year. The highest revenue estimate was $3.2B, while the lowest revenue estimate was $2.58B, resulting in an average revenue estimate of $2.83B. In the same quarter a year ago, actual revenue was $2.81BBased on 5 analysts’ estimates, the company’s revenue will be $3.51B in the next fiscal year. The high estimate is $4.02B and the low estimate is $3.23B.
