Top-Rated Dividend StocksTop-Rated DividendNYSE:CRC California Resources (CRC) Stock Price, News & Analysis → POTUS in ‘25 Not Biden/Trump, But (From The Freeport Society) (Ad) Free CRC Stock Alerts $49.40 +0.15 (+0.30%) (As of 05/17/2024 ET) Add Compare Share Share Today's Range$48.98▼$49.6350-Day Range$47.87▼$56.9252-Week Range$37.21▼$58.44Volume761,568 shsAverage Volume630,193 shsMarket Capitalization$3.39 billionP/E Ratio14.15Dividend Yield2.51%Price Target$63.71 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get California Resources alerts: Email Address California Resources MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.71 Rating ScoreUpside/Downside29.0% Upside$63.71 Price TargetShort InterestBearish10.63% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.23Based on 12 Articles This WeekInsider TradingN/AProj. Earnings Growth44.67%From $4.88 to $7.06 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.91 out of 5 starsOils/Energy Sector67th out of 242 stocksCrude Petroleum & Natural Gas Industry25th out of 78 stocks 3.4 Analyst's Opinion Consensus RatingCalifornia Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageCalifornia Resources has only been the subject of 4 research reports in the past 90 days.Read more about California Resources' stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted10.63% of the float of California Resources has been sold short.Short Interest Ratio / Days to CoverCalifornia Resources has a short interest ratio ("days to cover") of 6.3.Change versus previous monthShort interest in California Resources has recently decreased by 3.62%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldCalifornia Resources pays a meaningful dividend of 2.52%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCalifornia Resources has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of California Resources is 35.53%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, California Resources will have a dividend payout ratio of 17.56% next year. This indicates that California Resources will be able to sustain or increase its dividend.Read more about California Resources' dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CRC. Previous Next 1.8 News and Social Media Coverage News SentimentCalifornia Resources has a news sentiment score of 0.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 12 news articles for California Resources this week, compared to 3 articles on an average week.Search InterestOnly 4 people have searched for CRC on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added California Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, California Resources insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.03% of the stock of California Resources is held by insiders.Percentage Held by Institutions97.79% of the stock of California Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about California Resources' insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for California Resources are expected to grow by 44.67% in the coming year, from $4.88 to $7.06 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of California Resources is 14.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.80.Price to Earnings Ratio vs. SectorThe P/E ratio of California Resources is 14.15, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.60.Price to Book Value per Share RatioCalifornia Resources has a P/B Ratio of 1.62. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about California Resources' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceHe called Apple at $1.49 and now he says: “Buy these 6 AI stocks.”For over four decades, Louis Navellier has found the very best tech stocks... Before the rest of the market.Click for his six specific AI stock in the crosshairs About California Resources Stock (NYSE:CRC)California Resources Corporation operates as an independent oil and natural gas exploration and production, and carbon management company in the United States. The company explores, produces, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. It also engages in the generation and sale of electricity to the wholesale power market and utility sector; and developing various carbon capture and storage projects in California. The company was incorporated in 2014 and is based in Long Beach, California.Read More CRC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CRC Stock News HeadlinesMay 17 at 3:46 PM | msn.comBig Oil abandoned this California town 10 years ago. Now, it has a new plan to save itMay 15 at 5:28 AM | msn.comInside a California oil town’s divisive plan to survive the energy transitionMay 15 at 2:56 AM | americanbankingnews.comCalifornia Resources (NYSE:CRC) Price Target Raised to $64.00 at MizuhoMay 13, 2024 | americanbankingnews.comRoth Capital Analysts Reduce Earnings Estimates for California Resources Co. (NYSE:CRC)May 11, 2024 | americanbankingnews.comQ2 2024 EPS Estimates for California Resources Co. (NYSE:CRC) Boosted by Roth CapitalMay 10, 2024 | americanbankingnews.comQ4 2024 EPS Estimates for California Resources Co. Reduced by Roth Capital (NYSE:CRC)May 10, 2024 | gurufocus.comQ1 2024 California Resources Corp Earnings Call TranscriptMay 9, 2024 | finance.yahoo.comCalifornia Resources Corporation (NYSE:CRC) Q1 2024 Earnings Call TranscriptMay 9, 2024 | markets.businessinsider.comAnalysts Offer Insights on Energy Companies: Energy Transfer (ET) and California Resources Corp (CRC)May 9, 2024 | finance.yahoo.comCalifornia Resources First Quarter 2024 Earnings: Misses ExpectationsMay 8, 2024 | seekingalpha.comCalifornia Resources Corporation 2024 Q1 - Results - Earnings Call PresentationMay 8, 2024 | americanbankingnews.comCalifornia Resources Co. (NYSE:CRC) Given Consensus Rating of "Moderate Buy" by AnalystsMay 7, 2024 | markets.businessinsider.comCRC Stock Earnings: California Resources Beats EPS, Misses Revenue for Q1 2024May 7, 2024 | finance.yahoo.comCarbon TerraVault Provides First Quarter 2024 UpdateMay 7, 2024 | finance.yahoo.comCalifornia Resources Reports First Quarter 2024 Financial and Operating ResultsMay 7, 2024 | finance.yahoo.comCalifornia Resources Corp (CRC) Q1 2024 Earnings: Adjusted Net Income Surpasses Expectations ...May 2, 2024 | msn.comCity of Coachella Secures $10 Million Climate Grant for Multipurpose FacilityApril 26, 2024 | prnewswire.comSHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of California Resources Corporation - CRCApril 24, 2024 | markets.businessinsider.comBarclays Keeps Their Hold Rating on California Resources Corp (CRC)April 18, 2024 | finance.yahoo.comCalifornia Resources Corporation (CRC)April 11, 2024 | morningstar.comCalifornia Resources Corp Ordinary Shares - NewApril 11, 2024 | businesswire.comCalifornia Resources Corporation Achieves MiQ “Grade A” Certification for its Los Angeles Basin AssetsApril 10, 2024 | markets.businessinsider.comCracking The Code: Understanding Analyst Reviews For California ResourcesApril 8, 2024 | businesswire.comCalifornia Resources Corporation Schedules First Quarter 2024 Earnings Conference CallMarch 26, 2024 | markets.businessinsider.comCalifornia Resources Corp (CRC) Gets a Buy from Stifel NicolausSee More Headlines Receive CRC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for California Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 3/18 Dividend3/05/2024Dividend Payable3/18/2024Last Earnings5/07/2024Today5/18/2024Ex-Dividend for 6/14 Dividend5/31/2024Dividend Payable6/14/2024Next Earnings (Estimated)7/29/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorOils/Energy Industry Crude petroleum & natural gas Sub-IndustryN/A Current SymbolNYSE:CRC CUSIPN/A CIK1609253 Webwww.crc.com Phone888-848-4754FaxN/AEmployees970Year FoundedN/APrice Target and Rating Average Stock Price Target$63.71 High Stock Price Target$70.00 Low Stock Price Target$56.00 Potential Upside/Downside+29.0%Consensus RatingModerate Buy Rating Score (0-4)2.71 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$3.49 Trailing P/E Ratio14.15 Forward P/E Ratio10.12 P/E GrowthN/ANet Income$564 million Net Margins11.34% Pretax Margin15.82% Return on Equity11.00% Return on Assets5.91% Debt Debt-to-Equity Ratio0.26 Current Ratio1.41 Quick Ratio1.29 Sales & Book Value Annual Sales$2.80 billion Price / Sales1.21 Cash Flow$8.73 per share Price / Cash Flow5.66 Book Value$30.54 per share Price / Book1.62Miscellaneous Outstanding Shares68,530,000Free Float68,510,000Market Cap$3.39 billion OptionableOptionable Beta1.03 7 Stocks That Could Be Bigger Than Tesla, Nvidia, and GoogleGrowth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.Get This Free Report Key ExecutivesMr. Francisco J. Leon (Age 47)CEO, President & Director Comp: $2.5MMr. Manuela MolinaExecutive VP & CFOMr. Michael L. Preston (Age 59)Executive VP, Chief Strategy Officer & General Counsel Comp: $1.91MMr. Jay A. Bys (Age 58)Executive VP & Chief Commercial Officer Comp: $1.75MMr. Chris D. Gould (Age 53)Executive VP & Chief Sustainability Officer Comp: $1.79MMr. Omar Hayat (Age 47)Executive Vice President of Operations Ms. Noelle M. Repetti (Age 54)Senior VP, Controller & Principal Accounting Officer Joanna ParkVice President of Investor RelationsRichard VennDirector of CommunicationsMs. Alana A. SotiriVice President of Human ResourcesMore ExecutivesKey CompetitorsBlack Stone MineralsNYSE:BSMComstock ResourcesNYSE:CRKKosmos EnergyNYSE:KOSCNX ResourcesNYSE:CNXNorthern Oil and GasNYSE:NOGView All CompetitorsInstitutional OwnershipWalleye Trading LLCBought 8,000 shares on 5/17/2024Ownership: 0.000%Comerica BankBought 2,208 shares on 5/17/2024Ownership: 0.047%Tidal Investments LLCSold 949 shares on 5/17/2024Ownership: 0.015%iA Global Asset Management Inc.Sold 63,070 shares on 5/17/2024Ownership: 0.005%California State Teachers Retirement SystemSold 4,366 shares on 5/16/2024Ownership: 0.078%View All Institutional Transactions CRC Stock Analysis - Frequently Asked Questions Should I buy or sell California Resources stock right now? 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for California Resources in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CRC shares. View CRC analyst ratings or view top-rated stocks. What is California Resources' stock price target for 2024? 7 Wall Street research analysts have issued 1 year target prices for California Resources' shares. Their CRC share price targets range from $56.00 to $70.00. On average, they predict the company's stock price to reach $63.71 in the next twelve months. This suggests a possible upside of 29.0% from the stock's current price. View analysts price targets for CRC or view top-rated stocks among Wall Street analysts. How have CRC shares performed in 2024? California Resources' stock was trading at $54.68 at the start of the year. Since then, CRC shares have decreased by 9.7% and is now trading at $49.40. View the best growth stocks for 2024 here. Are investors shorting California Resources? California Resources saw a decline in short interest during the month of April. As of April 15th, there was short interest totaling 6,360,000 shares, a decline of 11.7% from the March 31st total of 7,200,000 shares. Based on an average daily trading volume, of 987,200 shares, the short-interest ratio is presently 6.4 days. Currently, 11.0% of the shares of the stock are sold short. View California Resources' Short Interest. When is California Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, July 29th 2024. View our CRC earnings forecast. How were California Resources' earnings last quarter? California Resources Co. (NYSE:CRC) announced its earnings results on Tuesday, May, 7th. The oil and gas producer reported $0.75 EPS for the quarter, topping the consensus estimate of $0.58 by $0.17. The oil and gas producer had revenue of $454 million for the quarter, compared to the consensus estimate of $490.21 million. California Resources had a trailing twelve-month return on equity of 11.00% and a net margin of 11.34%. California Resources's revenue was down 55.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.63 earnings per share. How often does California Resources pay dividends? What is the dividend yield for California Resources? California Resources announced a quarterly dividend on Tuesday, May 7th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.31 per share on Friday, June 14th. This represents a $1.24 annualized dividend and a yield of 2.51%. The ex-dividend date is Friday, May 31st. Read our dividend analysis for CRC. Is California Resources a good dividend stock? California Resources (NYSE:CRC) pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.52%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRC will have a dividend payout ratio of 17.56% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CRC. What ETFs hold California Resources' stock? ETFs with the largest weight of California Resources (NYSE:CRC) stock in their portfolio include Invesco S&P SmallCap Energy ETF (PSCE), Invesco Energy Exploration & Production ETF (PXE), Pacer US Small Cap Cash Cows 100 ETF (CALF), Alpha Architect U.S. Quantitative Value ETF (QVAL), Invesco Dorsey Wright Energy Momentum ETF (PXI), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Vest Rising Dividend Achievers Target Income ETF (RDVI) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP). When did California Resources' stock split? Shares of California Resources reverse split on Wednesday, June 1st 2016. The 1-10 reverse split was announced on Monday, May 9th 2016. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, May 31st 2016. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split. What other stocks do shareholders of California Resources own? Based on aggregate information from My MarketBeat watchlists, some companies that other California Resources investors own include Macrocure Ltd. - Ordinary Share (MCUR), LinnCo (LNCOQ), Adverum Biotechnologies (ADVM), Occidental Petroleum (OXY), (GBSN) (GBSN), Bank of America (BAC), Northern Trust (NTRS), (BBEPQ) (BBEPQ), Oasis Petroleum (OAS) and Whiting Petroleum (WLL). Who are California Resources' major shareholders? California Resources' stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.78%), LSV Asset Management (4.52%), PEAK6 Investments LLC (0.00%), Private Management Group Inc. (1.01%), DAVENPORT & Co LLC (0.91%) and Hennessy Advisors Inc. (0.63%). Insiders that own company stock include Ares Management Llc, Bo Kruse, Bob D Brown, Burt W Podbere, Goldentree Asset Management Lp, Guy Carling, Suku Krishnaraj Chettiar and William B Roby. View institutional ownership trends. How do I buy shares of California Resources? Shares of CRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:CRC) was last updated on 5/18/2024 by MarketBeat.com Staff From Our PartnersCEO of Biggest AI Chipmaker Just Dropped a Bombshell…Banyan Hill PublishingForget Bitcoin: This $8 Stock Is the Next Big ThingBehind the MarketsDems have chosen Biden replacement?Paradigm PressThe Overlooked Retirement Asset You Probably Don’t OwnCrypto 101 MediaCrypto Pioneer Says: “The last crypto bull market has begun.”InvestorPlaceProtect Your Bank Account Before It’s Too LateWeiss RatingsBuy this small stock before coming AI Tidal WaveChaikin AnalyticsUrgent Nvidia WarningAltimetry Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding California Resources Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.