California Resources Corporation (NYSE: CRC) is 3.46% higher on its value in year-to-date trading and has touched a low of $43.09 and a high of $60.41 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CRC stock was last observed hovering at around $56.85 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $56.57, the stock is 7.11% and 8.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.04 million and changing -0.49% at the moment leaves the stock 9.93% off its SMA200. CRC registered 13.12% gain for a year compared to 6-month gain of 12.71%. The firm has a 50-day simple moving average (SMA 50) of $51.8752 and a 200-day simple moving average (SMA200) of $51.43495.
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The stock witnessed a 9.80% loss in the last 1 month and extending the period to 3 months gives it a 19.93%, and is 8.85% 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 3.67% over the week and 2.81% over the month.
California Resources Corporation (CRC) has around 970 employees, a market worth around $5.05B and $2.64B in sales. Current P/E ratio is 8.91 and Fwd P/E is 12.99. Profit margin for the company is 20.13%. Distance from 52-week low is 31.28% and -6.36% from its 52-week high. The company has generated returns on investments over the last 12 months (11.29%).
The EPS is expected to shrink by -33.80% this year
361.0 institutions hold shares in California Resources Corporation (CRC), with institutional investors hold 106.88% of the company’s shares. The shares outstanding are 89.19M, and float is at 73.20M with Short Float at 7.94%. Institutions hold 95.75% 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 sale by Repetti Noelle M., the company’s Senior VP and Controller. SEC filings show that Repetti Noelle M. sold 8,770 shares of the company’s common stock on Nov 06 ’24 at a price of $55.75 per share for a total of $0.49 million. Following the sale, the insider now owns 8531.0 shares.
California Resources Corporation disclosed in a document filed with the SEC on Nov 06 ’24 that Leon Francisco (President and CEO) sold a total of 12,500 shares of the company’s common stock. The trade occurred on Nov 06 ’24 and was made at $56.06 per share for $0.7 million. Following the transaction, the insider now directly holds 0.15 million shares of the CRC stock.
Still, SEC filings show that on Nov 06 ’24, FRANCISCO LEON (Officer) Proposed Sale 12,500 shares at an average price of $53.96 for $0.67 million. The insider now directly holds shares of California Resources Corporation (CRC).
