California Resources Corporation (NYSE: CRC) is -13.30% lower on its value in year-to-date trading and has touched a low of $30.97 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 $44.17 in the last trading session, with the day’s gains setting it 0.82%.
Currently trading at $44.99, the stock is 7.62% and 14.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.8 million and changing 1.86% at the moment leaves the stock -6.93% off its SMA200. CRC registered -3.00% loss for a year compared to 6-month loss of -23.17%. The firm has a 50-day simple moving average (SMA 50) of $39.4496 and a 200-day simple moving average (SMA200) of $48.3563.
The stock witnessed a 27.05% gain in the last 1 month and extending the period to 3 months gives it a 13.24%, and is 6.89% 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 1.68% over the week and 2.77% over the month.
California Resources Corporation (CRC) has around 1550 employees, a market worth around $4.01B and $3.34B in sales. Current P/E ratio is 8.16 and Fwd P/E is 12.30. Profit margin for the company is 15.01%. Distance from 52-week low is 45.27% and -25.53% from its 52-week high. The company has generated returns on investments over the last 12 months (11.21%).
The EPS is expected to shrink by -4.44% this year.
California Resources Corporation (CRC) Top Institutional Holders
382.0 institutions hold shares in California Resources Corporation (CRC), with institutional investors hold 104.03% of the company’s shares. The shares outstanding are 89.18M, and float is at 73.37M with Short Float at 6.56%. Institutions hold 93.13% 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 14.8691% 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 11.808 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 17 shares of the company’s common stock on Mar 21 ’25 at a price of $44.49 per share for a total of $775.0. Following the purchase, the insider now owns 43462.0 shares.
California Resources Corporation disclosed in a document filed with the SEC on Mar 05 ’25 that CHAPMAN JAMES N (Director) bought a total of 2,000 shares of the company’s common stock. The trade occurred on Mar 05 ’25 and was made at $39.42 per share for $78840.0. Following the transaction, the insider now directly holds 43445.0 shares of the CRC stock.
Still, SEC filings show that on Dec 12 ’24, Hayat Omar (EVP – Operations) disposed off 16,016 shares at an average price of $55.18 for $0.88 million. The insider now directly holds 30,940 shares of California Resources Corporation (CRC).
