California Resources Corporation (NYSE: CRC) is -10.18% 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 $46.8 in the last trading session, with the day’s gains setting it 0.39%.
Currently trading at $47.19, the stock is 2.64% and 10.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.45 million and changing 0.83% at the moment leaves the stock -1.39% off its SMA200. CRC registered -9.06% loss for a year compared to 6-month loss of -6.59%.
The stock witnessed a 3.33% gain in the last 1 month and extending the period to 3 months gives it a 3.42%, and is 3.31% 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 2.38% over the week and 2.62% over the month.
California Resources Corporation (CRC) has around 1550 employees, a market worth around $4.21B and $3.34B in sales. Current P/E ratio is 8.55 and Fwd P/E is 12.79. Profit margin for the company is 15.01%. Distance from 52-week low is 52.37% and -21.88% 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 -4.32% this year
The shares outstanding are 89.18M, and float is at 78.10M with Short Float at 5.83%.
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).
