California Resources Corporation (NYSE: CRC) is -4.59% 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 $52.68 in the last trading session, with the day’s loss setting it -0.51%.
Currently trading at $52.17, the stock is 0.41% and -0.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.59 million and changing -0.97% at the moment leaves the stock 2.94% off its SMA200. CRC registered 23.63% gain for a year compared to 6-month loss of -6.32%. The firm has a 50-day simple moving average (SMA 50) of $1.25 and a 200-day simple moving average (SMA200) of $4.34.
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The stock witnessed a 2.92% gain in the last 1 month and extending the period to 3 months gives it a 1.28%, and is -4.83% down 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 3.28% over the week and 3.42% over the month.
California Resources Corporation (CRC) has around 1060 employees, a market worth around $3.61B and $2.81B in sales. Current P/E ratio is 6.75 and Fwd P/E is 6.19. Profit margin for the company is 20.05%. Distance from 52-week low is 53.35% and -10.73% from its 52-week high. The company has generated returns on investments over the last 12 months (20.44%).
California Resources Corporation quarterly earnings per share for the current quarter are estimated at $0.98 with sales reaching $492.24M over the same period.The EPS is expected to grow by 20.50% this year, but quarterly earnings will post -4.60% year-over-year. Quarterly sales are estimated to shrink -29.90% in year-over-year returns.
349 institutions hold shares in California Resources Corporation (CRC), with institutional investors hold 106.23% of the company’s shares. The shares outstanding are 71.95M, and float is at 57.87M with Short Float at 8.41%. Institutions hold 105.41% 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.
