California Resources Corporation (NYSE: CRC) is -14.40% 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 $44.82 in the last trading session, with the day’s loss setting it -0.4%.
Currently trading at $44.42, the stock is 2.80% and -6.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing -0.89% at the moment leaves the stock -12.72% off its SMA200. CRC registered -17.50% loss for a year compared to 6-month loss of -15.55%. The firm has a 50-day simple moving average (SMA 50) of $47.6532 and a 200-day simple moving average (SMA200) of $50.8931.
The stock witnessed a -8.77% gain in the last 1 month and extending the period to 3 months gives it a -17.45%, and is 5.64% 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 2.67% over the week and 3.90% over the month.
California Resources Corporation (CRC) has around 1550 employees, a market worth around $4.03B and $2.96B in sales. Current P/E ratio is 10.81 and Fwd P/E is 10.93. Profit margin for the company is 12.72%. Distance from 52-week low is 16.84% and -26.47% from its 52-week high. The company has generated returns on investments over the last 12 months (7.92%).
with sales reaching $857.14M over the same period.The EPS is expected to shrink by -4.66% this year, but quarterly earnings will post 6.99% year-over-year. Quarterly sales are estimated to grow 88.80% in year-over-year returns.
379.0 institutions hold shares in California Resources Corporation (CRC), with institutional investors hold 106.50% of the company’s shares. The shares outstanding are 91.10M, and float is at 74.75M with Short Float at 5.21%. Institutions hold 95.47% 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 9.1731 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
The most recent transaction is an insider purchase by CHAPMAN JAMES N, the company’s Director. SEC filings show that CHAPMAN JAMES N bought 2,000 shares of the company’s common stock on Mar 05 ’25 at a price of $39.42 per share for a total of $78840.0. Following the purchase, the insider now owns 43445.0 shares.
California Resources Corporation disclosed in a document filed with the SEC on Dec 12 ’24 that Hayat Omar (EVP – Operations) sold a total of 16,016 shares of the company’s common stock. The trade occurred on Dec 12 ’24 and was made at $55.18 per share for $0.88 million. Following the transaction, the insider now directly holds 30940.0 shares of the CRC stock.
Still, SEC filings show that on Dec 12 ’24, Preston Michael L. (EVP, Chf Strategy Officer & GC) disposed off 83,000 shares at an average price of $55.19 for $4.58 million. The insider now directly holds 41,938 shares of California Resources Corporation (CRC).
