California Resources Corporation (CRC)

NYSE: CRC · IEX Real-Time Price · USD
53.81
-1.32 (-2.39%)
Apr 17, 2024, 4:00 PM EDT - Market closed
-2.39%
Market Cap 3.70B
Revenue (ttm) 2.80B
Net Income (ttm) 564.00M
Shares Out 68.76M
EPS (ttm) 7.78
PE Ratio 6.92
Forward PE 10.80
Dividend $1.24 (2.30%)
Ex-Dividend Date Mar 5, 2024
Volume 510,734
Open 55.09
Previous Close 55.13
Day's Range 53.65 - 55.48
52-Week Range 37.21 - 58.44
Beta 1.48
Analysts Strong Buy
Price Target 63.83 (+18.62%)
Earnings Date May 7, 2024

About CRC

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. It also engages in the generation and sale of electricity to the wholesale power market and utility sector; and developing various carbon capture and storage projects in California... [Read more]

Sector Energy
Founded 2014
Employees 970
Stock Exchange NYSE
Ticker Symbol CRC
Full Company Profile

Financial Performance

In 2023, CRC's revenue was $2.80 billion, an increase of 3.47% compared to the previous year's $2.71 billion. Earnings were $564.00 million, an increase of 7.63%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for CRC stock is "Strong Buy." The 12-month stock price forecast is $63.83, which is an increase of 18.62% from the latest price.

Price Target
$63.83
(18.62% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

California Resources Corporation Achieves MiQ “Grade A” Certification for its Los Angeles Basin Assets

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) received a “Grade A” certification through MiQ's Methane Emissions Performance Standard for its operating assets in Lo...

6 days ago - Business Wire

California Resources Corporation Schedules First Quarter 2024 Earnings Conference Call

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) plans to release its first quarter 2024 financial results on Tuesday, May 7th after market close. The Company will hol...

9 days ago - Business Wire

California Resources Corporation Announces the Nomination of Christian S. Kendall to Its Board of Directors

LONG BEACH, Calif.--(BUSINESS WIRE)-- #CCS--California Resources Corporation (NYSE: CRC) announced today that the Board of Directors has nominated Christian S. (Chris) Kendall to stand for election as...

4 weeks ago - Business Wire

California Resources Reports Fourth Quarter and Full-Year 2023 Financial and Operating Results

LONG BEACH, Calif.--(BUSINESS WIRE)-- #Californiaresourcescorporation--California Resources Corporation (NYSE: CRC) today reported financial and operating results for the fourth quarter and full-year ...

7 weeks ago - Business Wire

Carbon TerraVault Provides 2023 Update

LONG BEACH, Calif.--(BUSINESS WIRE)-- #Carbonsequestration--Carbon TerraVault (CTV) today provided an update on its 2023 operations. California Resources Corporation (NYSE: CRC) conducts its carbon ma...

7 weeks ago - Business Wire

Shareholder Alert: Ademi LLP investigates whether California Resources Corporation has obtained a Fair Price in its transaction with Aera Energy

MILWAUKEE , Feb. 9, 2024 /PRNewswire/ -- Ademi LLP is investigating CRC (NYSE: CRC) for possible breaches of fiduciary duty and other violations of law in its transaction with Aera Energy. Click here ...

2 months ago - PRNewsWire

CRC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of California Resources Corporation Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of California Resources Corporation (NYSE: CRC) and Aera Energy, LLC is fair to California...

2 months ago - Business Wire

California Resources to buy Aera in $2.1 bln deal

U.S. energy firm California Resources will buy Aera Energy in an all-stock transaction valued at $2.1 billion, the company said on Wednesday.

2 months ago - Reuters

California Resources Corporation to Combine with Aera Energy

LONG BEACH, Calif.--(BUSINESS WIRE)-- #californiaenergy--California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aer...

2 months ago - Business Wire

Gas Prices & Energy Stocks To Watch

Macro concerns are likely to outweigh fundamentals in 2024 as oil and gas prices may trade sideways, notes Mizuho's Nitin Kumar. He and Gas Buddy's Patrick De Haan discusses the outlook for the energy...

2 months ago - Schwab Network

California Resources Corporation Expecting Strong Fourth Quarter 2023 Results; Schedules Fourth Quarter and Full Year 2023 Earnings Conference Call

LONG BEACH, Calif--(BUSINESS WIRE)-- #Californiaenergy--California Resources Corporation (NYSE: CRC) updated select guidance ranges for the fourth quarter of 2023 in conjunction with its participation...

3 months ago - Business Wire

U.S. EPA Releases Draft Class VI Permits to CRC's Carbon TerraVault for CO2 Injection and Storage in California

LONG BEACH, Calif.--(BUSINESS WIRE)-- #California--California Resources Corporation (NYSE:CRC) and its carbon management business, Carbon TerraVault (CTV), today announced that the U.S. Environmental ...

4 months ago - Business Wire

California Resources Corporation Announces January Investor Conference Participation

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, announced today that the Company'...

4 months ago - Business Wire

Exclusive: No Lithium Without Water - Canter Resources Obtains Water Permits Advancing Columbus Lithium-Boron Project - California Resources (NYSE:CRC)

Canter Resources Corp. CRC CNRCF has cleared a significant hurdle in its quest for lithium as it announced the approval of formal water permits by the Nevada Division of Water Rights (NDWR).

4 months ago - Benzinga

California Resources Corporation Announces December Investor Conference Participation

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, announced today that the Company'...

5 months ago - Business Wire

California Resources Corporation Reports Strong Third Quarter 2023 Financial Results, Announces 10% Increase in Quarterly Dividend and Meaningfully Advances its Carbon Management Business

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, today reported third quarter 2023...

6 months ago - Business Wire

Carbon TerraVault Provides Third Quarter 2023 Update

LONG BEACH, Calif.--(BUSINESS WIRE)--Carbon TerraVault (CTV), a subsidiary of California Resources Corporation (NYSE: CRC) which provides carbon management services that include capture, transport and...

6 months ago - Business Wire

California Resources Corporation Schedules Third Quarter 2023 Earnings Conference Call

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) plans to release its third quarter 2023 financial results on Wednesday, November 1st after market close. The Company w...

7 months ago - Business Wire

This Analyst With 83% Accuracy Rate Sees Over 29% Upside In CrowdStrike Holdings - Here Are 5 Stock Picks For Last Week From - CrowdStrike Holdings (NASDAQ:CRWD), California Resources (NYSE:CRC)

U.S. stocks closed lower, with the Dow Jones Industrial Average falling more than 100 points on Friday. The blue-chip Dow fell 1.9% last week, while the S&P 500 lost 2.9%.

Other symbols: CRWDKBHRLRUN
7 months ago - Benzinga

California Resources Corporation Releases 2022 Sustainability Update Detailing Progress on Sustainability Initiatives and ESG Performance

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) today announced the publication of its 2022 Sustainability Update. The Update details the progress CRC made last year ...

8 months ago - Business Wire

Carbon TerraVault's California DAC Hub Consortium Selected for U.S. DOE Funding to Bring Direct Air Capture and Storage to the Golden State

LONG BEACH, Calif.--(BUSINESS WIRE)--Carbon TerraVault Holdings, LLC (CTV), a subsidiary of California Resources Corporation (NYSE: CRC), today announced that the California Direct Air Capture (DAC) H...

8 months ago - Business Wire

California Resources Corporation Reports Strong Second Quarter 2023 Financial Results and Provides Updates on Carbon Management Business

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, today reported second quarter 202...

9 months ago - Business Wire

Carbon TerraVault Provides Second Quarter 2023 Update

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) today announced a storage-only Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault JV HoldCo, LLC (CT...

9 months ago - Business Wire

3 Lost Formula Stocks to Consider for the 2nd Half of 2023

Having ended 2022 on a low note, U.S. market indexes have overall shown stronger performances so far in 2023.

Other symbols: COGTIRWD
10 months ago - GuruFocus

California Resources Corporation Appoints Nicole Parra as Vice President of Community Affairs

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, today announced that Nicole Parra...

10 months ago - Business Wire