California Resources (NYSE:CRC – Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.96 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
California Resources (NYSE:CRC – Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The oil and gas producer reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.17. California Resources had a net margin of 11.34% and a return on equity of 11.00%. The firm had revenue of $454.00 million for the quarter, compared to the consensus estimate of $490.21 million. During the same period last year, the firm posted $2.63 EPS. California Resources’s quarterly revenue was down 55.7% compared to the same quarter last year. On average, analysts expect California Resources to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
California Resources Price Performance
NYSE CRC opened at $47.40 on Monday. The company has a 50-day moving average price of $49.97 and a two-hundred day moving average price of $51.55. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 0.83 and a beta of 0.98. The company has a current ratio of 1.41, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. California Resources has a 52 week low of $43.30 and a 52 week high of $58.44.
California Resources Dividend Announcement
Insider Activity
In other California Resources news, Director Mark Allen Mcfarland sold 37,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $48.10, for a total value of $1,779,700.00. Following the completion of the sale, the director now owns 104,939 shares in the company, valued at approximately $5,047,565.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.03% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
CRC has been the topic of several research analyst reports. Citigroup began coverage on shares of California Resources in a research note on Friday, July 19th. They set a “buy” rating and a $63.00 target price on the stock. Stifel Nicolaus raised their price objective on shares of California Resources from $68.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $65.00 target price on shares of California Resources in a research report on Wednesday, June 12th. Mizuho boosted their price objective on California Resources from $63.00 to $64.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Finally, TD Cowen started coverage on California Resources in a report on Friday. They issued a “buy” rating and a $65.00 price objective for the company. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.00.
Check Out Our Latest Analysis on CRC
California Resources Company Profile
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.
Recommended Stories
- Five stocks we like better than California Resources
- 5 Top Rated Dividend Stocks to Consider
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- What is the Shanghai Stock Exchange Composite Index?
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- How Can Investors Benefit From After-Hours Trading
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for California Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for California Resources and related companies with MarketBeat.com's FREE daily email newsletter.