How have the shares performed?
California Resources Corporation (CRC) saw downtrend of -0.18% in the recent trading with $32.77 being its most recent. The current price level -3.87% lower than the highest price of $34.09 marked by the stock while trading over the past 52-weeks, whereas it is 198.18% higher than the lowest price of $10.99 the company dropped to over past 52-weeks. The latest news story on CRC appeared in Investor’s Business Daily under the title “California Resources Stock Shows Market Leadership With Jump To 91 RS Rating” on Jun-08-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -3.87% below one month high and is +39.83% 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 $25.98 while that of 5-day is reading $31.70.
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 1 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 $576.0 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 83.30 million. CRC does have institutional investors; and they hold 87.50% of the stock.
California Resources Corporation – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 6 new insider purchases involving 353,335 shares. On the other hand, CRC declared 4,121,231 shares have been sold in 39 insider transactions over the past three months.
As on Mar 30, 2021, Goldentree Asset Management LP was the top most holder in California Resources Corporation (NYSE:CRC) with an ownership of 19.57 million shares of the company or 23.49% of the stake worth $470.95 million. The filing also reveals Ares Management LLC as the second largest holder in the company with a control over 20.79% of the outstanding shares. Its stake is worth $416.84 million for having 17.32 million shares in hand.
FMR, LLC also came holding a key position in the company during the recent quarter and it now holds 16.94% of the outstanding shares. With this there are now 107 institutions which have possession in CRC’s shares.
Currently, the stock has been recommended as Moderate Buy by 1 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 0.70 while posting a debt to equity ratio of 0.56. The count was 55.54 for long-term debt to equity ratio.