California Resources Corporation (NYSE: CRC) is -6.07% lower on its value in year-to-date trading and has touched a low of $43.09 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 $51.52 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $51.36, the stock is 5.18% and 2.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.54 million and changing -0.31% at the moment leaves the stock -0.05% off its SMA200. CRC registered -6.82% loss for a year compared to 6-month loss of -6.31%.
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The stock witnessed a 3.09% gain in the last 1 month and extending the period to 3 months gives it a 8.38%, and is 1.78% 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 2.48% over the week and 3.33% over the month.
California Resources Corporation (CRC) has around 970 employees, a market worth around $4.60B and $2.31B in sales. Current P/E ratio is 22.83 and Fwd P/E is 10.91. Profit margin for the company is 7.11%. Distance from 52-week low is 19.19% and -12.11% from its 52-week high. The company has generated returns on investments over the last 12 months (5.02%).
The EPS is expected to shrink by -4.46% this year
358.0 institutions hold shares in California Resources Corporation (CRC), with institutional investors hold 105.56% of the company’s shares. The shares outstanding are 89.58M, and float is at 73.47M with Short Float at 8.27%. Institutions hold 94.56% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 10.13 million shares valued at $538.9 million. The investor’s holdings represent 14.6752 of the CRC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 8.04 million shares valued at $427.95 million to account for 11.654 of the shares outstanding. The other top investors are GIMBEL DANIEL SCOTT which holds 6.25 million shares representing 9.0534 and valued at over $332.46 million, while FIRST TRUST ADVISORS LP holds 8.1718 of the shares totaling 5.64 million with a market value of $300.08 million.
California Resources Corporation (CRC) Insider Activity
The most recent transaction is an insider purchase by Kendall Christian S, the company’s Director. SEC filings show that Kendall Christian S bought 20,895 shares of the company’s common stock on Aug 13 ’24 at a price of $47.97 per share for a total of $1.0 million. Following the purchase, the insider now owns 24600.0 shares.
California Resources Corporation disclosed in a document filed with the SEC on May 28 ’24 that McFarland Mark Allen (Director) sold a total of 37,000 shares of the company’s common stock. The trade occurred on May 28 ’24 and was made at $48.10 per share for $1.78 million. Following the transaction, the insider now directly holds 0.1 million shares of the CRC stock.
Still, SEC filings show that on May 29 ’24, McFarland Mark Allen (Director) disposed off 18,000 shares at an average price of $47.24 for $0.85 million. The insider now directly holds 86,939 shares of California Resources Corporation (CRC).
