California Resources Corporation (CRC)

NYSE: CRC · IEX Real-Time Price · USD
40.34
-0.35 (-0.86%)
Dec 9, 2022 4:00 PM EST - Market closed
-0.86%
Market Cap 2.99B
Revenue (ttm) 2.66B
Net Income (ttm) 1.16B
Shares Out 74.10M
EPS (ttm) 14.22
PE Ratio 2.84
Forward PE 6.41
Dividend $0.79 (1.96%)
Ex-Dividend Date Nov 30, 2022
Volume 694,416
Open 40.81
Previous Close 40.69
Day's Range 39.95 - 41.13
52-Week Range 35.95 - 51.46
Beta 1.81
Analysts Buy
Price Target 66.30 (+64.4%)
Earnings Date Nov 2, 2022

About CRC

California Resources Corporation operates as an independent oil and natural gas company. The company explores for, produces, gathers, processes, 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. As of December 31, 2021, it had interests in approximately 1.9 million net mineral acres with proved reserves totaled an estimated 480 million barrels of oil equivalent. The company also engages in the generation and sale of el... [Read more]

Industry Oil, Gas & Consumable Fuels
Founded 2014
CEO Todd Stevens
Employees 970
Stock Exchange NYSE
Ticker Symbol CRC
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for CRC stock is "Buy." The 12-month stock price forecast is 66.3, which is an increase of 64.35% from the latest price.

Price Target
$66.3
(64.35% upside)
Analyst Consensus: Buy
Stock Forecasts

News

California Resources Corporation Announces Carbon Dioxide Management Agreement For CTV's First Permanent Carbon Stora...

LONG BEACH, Calif.--( BUSINESS WIRE )--California Resources Corporation (NYSE: CRC) today announced a Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault JV Holdco, LLC (CTV JV) and Lon...

2 days ago - Business Wire

New Strong Sell Stocks for December 6th

CRC, AIZ and EVRI have been added to the Zacks Rank #5 (Strong Sell) List on December 6, 2022.

Other symbols: AIZEVRI
3 days ago - Zacks Investment Research

This Dividend Stock Is Pouncing on a "Once-in-a-Generation" Opportunity

It's working toward speeding up the global transition to cleaner energy.

Other symbols: AGLBEPBEPCCCJ
4 weeks ago - The Motley Fool

California Resources Corporation (CRC) Beats Q3 Earnings and Revenue Estimates

California Resources Corporation (CRC) delivered earnings and revenue surprises of 13.28% and 49.01%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for...

1 month ago - Zacks Investment Research

California Resources Corporation Schedules Third Quarter 2022 Earnings Conference Call

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) announced today that it will host its third quarter 2022 financial results conference call on Thursday, November 3rd at ...

2 months ago - Business Wire

Exclusive-Kimmeridge builds stake in California Resources to push for changes-sources

Kimmeridge Energy Management Company LLC has amassed a stake in California Resources Corp and is pushing the oil and gas producer to make changes that include selling some acreage to real estate develop...

3 months ago - Reuters

California Resources Corporation Releases 2021 Sustainability Report Detailing ESG Performance and Progress on Sustai...

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) today announced the publication of its 2021 Sustainability Report. The report provides an overview of CRC's continuous p...

3 months ago - Business Wire

California Resources Corporation Announces the Formation of a California Carbon Management Partnership with Brookfiel...

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent oil and natural gas company committed to energy transition in the sector, today announced the formation ...

4 months ago - Business Wire

California Resources Corporation Pledges $2.5 Million to Fund Kern County Community Initiatives to Advance the Energy...

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) is pleased to announce it has pledged $2.5 million to fund several Kern County initiatives with Kern Community College D...

4 months ago - Business Wire

Fueling Carbon Capture In the Oil Industry: Production, Net Zero And ESG

Carbon capture is fast becoming a crucial tool for the rising number of companies pledging to reach net zero emissions targets. The post Fueling Carbon Capture In the Oil Industry: Production, Net Zero ...

4 months ago - Investors Business Daily

New Strong Buy Stocks for July 22nd

SBLK, CRC, NKSH, SON, and HTLD have been added to the Zacks Rank #1 (Strong Buy) List on July 22, 2022.

Other symbols: HTLDNKSHSBLKSON
4 months ago - Zacks Investment Research

Wall Street Analysts Believe California Resources Corporation (CRC) Could Rally 33%: Here's is How to Trade

The average of price targets set by Wall Street analysts indicates a potential upside of 33.2% in California Resources Corporation (CRC). While the effectiveness of this highly sought-after metric is qu...

4 months ago - Zacks Investment Research

New Strong Buy Stocks for July 21st

TTE, MRTN, CRC, PBR, and ARCB have been added to the Zacks Rank #1 (Strong Buy) List on July 21, 2022.

Other symbols: ARCBMRTNPBRTTE
4 months ago - Zacks Investment Research

California Resources Corporation Announces Amendments to Consent Solicitation

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (“CRC” or the “Company”) today announced amendments to and extension of its solicitation of consents (the “Consent Solic...

5 months ago - Business Wire

California Resources Corporation Announces Extension of Consent Solicitation

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (“CRC” or the “Company”) today announced the extension of its solicitation of consents (the “Consent Solicitation”) from...

5 months ago - Business Wire

California Resources Corporation Announces Consent Solicitation Related to Senior Notes

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (“CRC” or the “Company”) today announced that it is soliciting consents (the “Consent Solicitation”) from holders of its...

6 months ago - Business Wire

California Resources Corporation Schedules Second Quarter 2022 Earnings Conference Call and Announces Additional Conf...

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) announced today that it will host its second quarter 2022 financial results conference call on Thursday, August 4th at 1...

6 months ago - Business Wire

California Resources Corporation (CRC) Misses Q1 Earnings and Revenue Estimates

California Resources Corporation (CRC) delivered earnings and revenue surprises of -0.88% and 70.70%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the...

7 months ago - Zacks Investment Research

California Resources Reports First Quarter 2022 Results, Increases and Extends Its Share Repurchase Program, Raises 2...

SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent oil and natural gas company committed to energy transition in the sector, today reported first quarte...

7 months ago - Business Wire

NEXT Carbon Solutions and California Resources Corporation Agree to FEED Study

HOUSTON--(BUSINESS WIRE)--NEXT Carbon Solutions (NCS), a subsidiary of NextDecade Corporation (NASDAQ: NEXT) and California Resources Corporation (NYSE: CRC) today jointly announced the execution of an ...

Other symbols: NEXT
7 months ago - Business Wire

Earnings Preview: California Resources Corporation (CRC) Q1 Earnings Expected to Decline

California Resources Corporation (CRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

7 months ago - Zacks Investment Research

California Resources Corporation Announces Updated and Expanded ESG Goals

SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) is pleased to announce it has updated and expanded its Environmental, Social, and Governance (ESG) goals that build u...

7 months ago - Business Wire

Top-Rated Ranger Oil Forms Later-Stage Pattern Ahead Of Earnings

Ranger Oil is near a buy zone with earnings due May 4. The post Top-Rated Ranger Oil Forms Later-Stage Pattern Ahead Of Earnings appeared first on Investor's Business Daily.

Other symbols: ARCLRROCC
7 months ago - Investors Business Daily

California Resources Corporation Schedules First Quarter 2022 Earnings Conference Call

SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) announced today that it will host its first quarter 2022 financial results conference call on Thursday, May 5th at 1:...

8 months ago - Business Wire