California Resources Corporation (NYSE: CRC) is -22.39% lower on its value in year-to-date trading and has touched a low of $38.02 and a high of $60.41 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 $39.17 in the last trading session, with the day’s gains setting it 1.1%.
Currently trading at $40.27, the stock is -12.35% and -18.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing 2.81% at the moment leaves the stock -21.29% off its SMA200. CRC registered -25.37% loss for a year compared to 6-month loss of -23.25%.
The stock witnessed a -17.02% gain in the last 1 month and extending the period to 3 months gives it a -31.93%, and is -10.87% 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 6.33% over the week and 3.65% over the month.
California Resources Corporation (CRC) has around 970 employees, a market worth around $3.66B and $2.96B in sales. Current P/E ratio is 9.79 and Fwd P/E is 9.92. Profit margin for the company is 12.72%. Distance from 52-week low is 5.92% and -33.34% from its 52-week high. The company has generated returns on investments over the last 12 months (8.05%).
with sales reaching $864.71M over the same period.The EPS is expected to shrink by -6.11% this year, but quarterly earnings will post 11.45% year-over-year. Quarterly sales are estimated to grow 90.46% in year-over-year returns.
The shares outstanding are 90.78M, and float is at 74.75M with Short Float at 5.51%.
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 9.1731 and valued at over $332.46 million, while FIRST TRUST ADVISORS LP holds 8.2798 of the shares totaling 5.64 million with a market value of $300.08 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. The most recent transaction is an insider sale by Hayat Omar, the company’s EVP – Operations. SEC filings show that Hayat Omar sold 16,016 shares of the company’s common stock on Dec 12 ’24 at a price of $55.18 per share for a total of $0.88 million. Following the sale, the insider now owns 30940.0 shares.
California Resources Corporation disclosed in a document filed with the SEC on Dec 12 ’24 that Preston Michael L. (EVP, Chf Strategy Officer & GC) sold a total of 83,000 shares of the company’s common stock. The trade occurred on Dec 12 ’24 and was made at $55.19 per share for $4.58 million. Following the transaction, the insider now directly holds 41938.0 shares of the CRC stock.
Still, SEC filings show that on Dec 12 ’24, Preston Michael L. (Officer) Proposed Sale 83,000 shares at an average price of $55.19 for $4.58 million. The insider now directly holds shares of California Resources Corporation (CRC).
