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What Are Analyst Opinions Regarding California Resources Corporation (CRC)?

How have the shares performed?

California Resources Corporation (CRC) saw downtrend of -6.69% in the recent trading with $24.13 being its most recent. The current price level -14.13% lower than the highest price of $28.10 marked by the stock while trading over the past 52-weeks, whereas it is 119.56% higher than the lowest price of $10.99 the company dropped to over past 52-weeks. The latest news story on CRC appeared in Motley Fool under the title “California Resources Corp (CRC) Q1 2021 Earnings Call Transcript” on May-13-21.


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Squeezing the time span to 30 day period shows us the stock is currently trading -8.01% below one month high and is +10.74% above of the lowest during that time. Looking into the simple moving average, California Resources Corporation (CRC)’s stock stands at a SMA-50 of $24.17 while that of 5-day is reading $24.62.

Do analysts rate it as a buy, sell or hold?

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 0 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.

California Resources Corporation Earnings – What Happened With CRC

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. California Resources Corporation (CRC) last released financial results for the quarter that ended 3/30/2020, posting a surprise factor of 90.60% for net revenue. During the reported three-month period, company’s sales were $409.0 billion while analysts on average were estimating the same to be $285.1 million.

CRC – California Resources Corporation Stock Earnings Estimates

The perspective of California Resources Corporation (NYSE:CRC)’s current quarter earnings identifies that analysts are in consensus over the estimate of -1.71 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was -0.16.

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 89.29 million. CRC does have institutional investors; and they hold 86.60% of the stock.

California Resources Corporation – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 4 new insider purchases involving 647,699 shares. On the other hand, CRC declared 800,293 shares have been sold in 10 insider transactions over the past three months.

As on Dec 30, 2020, Goldentree Asset Management LP was the top most holder in California Resources Corporation (NYSE:CRC) with an ownership of 19.79 million shares of the company or 23.75% of the stake worth $466.78 million. The filing also reveals FMR, LLC as the second largest holder in the company with a control over 21.98% of the outstanding shares. Its stake is worth $431.99 million for having 18.31 million shares in hand.

Ares Management LLC also came holding a key position in the company during the recent quarter and it now holds 20.79% of the outstanding shares. With this there are now 91 institutions which have possession in CRC’s shares.

Currently, the stock has been recommended as Moderate Buy by 0 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by California Resources Corporation was 0.69 while posting a debt to equity ratio of 0.00.

Technical Analysis of California Resources Corporation (NYSE:CRC) stock

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