A peek at California Resources Corporation (CRC): Who has invested in It?

California Resources Corporation (NYSE: CRC) is -1.87% lower on its value in year-to-date trading and has touched a low of $34.02 and a high of $58.44 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CRC stock was last observed hovering at around $53.22 in the last trading session, with the day’s gains setting it 0.44%.

Currently trading at $53.66, the stock is 7.33% and 4.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing 0.83% at the moment leaves the stock 7.98% off its SMA200. CRC registered 29.33% gain for a year compared to 6-month loss of -4.45%. The firm has a 50-day simple moving average (SMA 50) of $1.28 and a 200-day simple moving average (SMA200) of $4.41.

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The stock witnessed a 3.85% gain in the last 1 month and extending the period to 3 months gives it a 7.30%, and is 12.87% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.43% over the week and 2.82% over the month.

California Resources Corporation (CRC) has around 1060 employees, a market worth around $3.68B and $3.02B in sales. Current P/E ratio is 8.61 and Fwd P/E is 8.56. Profit margin for the company is 15.20%. Distance from 52-week low is 57.73% and -8.18% from its 52-week high. The company has generated returns on investments over the last 12 months (17.05%).

California Resources Corporation quarterly earnings per share for the current quarter are estimated at $0.91 with sales reaching $531.83M over the same period.The EPS is expected to grow by 6.46% this year, but quarterly earnings will post -6.20% year-over-year. Quarterly sales are estimated to shrink -22.00% in year-over-year returns.

358 institutions hold shares in California Resources Corporation (CRC), with institutional investors hold 108.28% of the company’s shares. The shares outstanding are 71.95M, and float is at 57.33M with Short Float at 9.00%. Institutions hold 107.53% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 11.71 million shares valued at $530.18 million. The investor’s holdings represent 16.97% of the CRC Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 8.04 million shares valued at $364.16 million to account for 11.66% of the shares outstanding. The other top investors are Gimbel Daniel Scott which holds 6.25 million shares representing 9.06% and valued at over $282.97 million, while FMR, LLC holds 7.03% of the shares totaling 4.85 million with a market value of $219.48 million.

California Resources Corporation (CRC) Insider Activity

A total of 0 insider transactions have happened at California Resources Corporation (CRC) in the last six months, with sales accounting for 0 and purchases happening 0 times.