California Resources Corporation (NYSE:CRC) traded with the volume of 1.19 Million in the previous trading session. The Stock opened its session at $20.63 and closed at $19.53 by showing decrease of -3.84 percent. California Resources Corporation has 1 year price target of $17.67. The stock gained a consensus recommendation of 3 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. The company reported its last quarter on Sep 16.
On Sep 16 California Resources Corporation (NYSE:CRC) reported its EPS in the last quarter as $-1.75/Share lagging the analyst estimate of $-1.55/Share by the difference of $-0.2. This showed the surprise of -12.9% in the last quarter earnings. For the Current Quarter, 6 analysts are projecting the mean EPS to be $-0.71/share. According to their observations and findings, the stock could provide a high EPS of $0.24/share and a Low EPS of $-1.54/share.
The 7 analysts offering 12-month price forecasts for California Resources Corp have a median target of 18.00, with a high estimate of 21.00 and a low estimate of 7.00. The median estimate represents a -7.83% decrease from the last price of 19.53. (CNN MONEY)
Many Analysts provided their foresight on Revenue Estimates of California Resources Corporation where they believe that the company has the potential to earn average revenue of $468.41 Million for the current quarter. According to their predictions High & Low revenue estimates are 504 Million and 429.35 Million respectively.
California Resources Corporation (NYSE:CRC) topped its 52-week high price of $25.5 on Apr 25, 2016 and 52-Week Low Price of $2.81 on Feb 25, 2016. The Stock currently has the market capitalization of $826.31 Million, P/E (price to earnings ttm) of 0 and Weekly volatility of 4.91% and monthly volatility of 6.02% respectively.
California Resources Corporation Gross Margin percentage stands at 55.2% while its Operating Margin for trailing twelve month is 0 percent and Profit margin (ttm) is 0 Percent. The stock is currently moving above its 20-Day Simple Moving Average of 19.04% with the 50-Day Simple Moving Average of 19.04 percent. Currently, the company has SMA200 (200-day simple moving average) of 38.4 Percent. The Stock has YTD (year to date) performance of -8.27 percent.
Many research firms have provided their ratings on California Resources Corporation (NYSE:CRC) where Morgan Stanley provided Equal-Weight rating on the stock on 22-Nov-16. Other firms include Societe Generale giving Hold rating on 2-Mar-16.
The latest Insider trade was made on 30 Dec 2016 where Helm (Michael S) Officer did a transaction type “Sell” in which 668 shares were traded at a price of $21.29. Another insider trade includes Chief Executive Officer Stevens (Todd A) who also initiated a transaction in which 11140 shares were traded on 31 Oct 2016 as “Sell”.
California Resources Corporation is engaged in exploration and production of oil and gas. The Company produces, gathers, processes and markets crude oil, natural gas, natural gas liquids and electricity primarily in the State of California. California Resources Corporation is based in Los Angeles, California.