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Tuesday, June 6, 2023

California Resources Corporation (NYSE: CRC) Could Be Viewed Differently By Investors Because Of These Numbers

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for California Resources Corporation (CRC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.80, or 1.99%, to $41.03. The California Resources Corporation has recorded 54,529 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that California Resources Corporation Reports Record First Quarter Financial Results, Provides an Update on the Progress of Business Repositioning and Further Expands Its Carbon Management Business.

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Stocks Info

The company is listed on the NYSE and operates within the Oil & Gas E&P industry segment. At the end of the last regular session, the stock closed at $40.23 and fluctuated between $40.68 as its day high and $39.80 as its day low. The current market capitalization of California Resources Corporation is $2.78B. A total of 0.81 million shares were traded on the day, compared to an average of 743.28K shares.

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CRC has seen 12 BUY and 1 SELL insider trades, representing the acquisition of 225,599 and the disposition of 3,797 shares. Over the last 12 months, there were 16 BUYs and 7 SELLs from insiders. Insiders purchased 239,463 shares during that period but sold 10,788.

In the most recent transaction, Roby William B bought 103 shares of CRC for 45.23 per share on Sep 06. After the transaction, the Director now owns 41,892 company shares.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. California Resources Corporation pays an annual dividend of $1.13, resulting in a dividend yield of 2.81%, and it has a price to earnings (P/E) ratio of 5.85. CRC’s most recent ex-dividend date was 3/3/2023 when it declared a $0.2825 quarterly dividend that was paid in cash on 3/16/2023. Previously, the company paid the dividend on 12/16/2022 with an ex-dividend date of 11/30/2022. The CRC stock dividend was $0.2820 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CRC in the last 3 months, the mean price target is $53.71 with high estimates of $60.00 and low estimates of $46.00. In terms of 52-week highs and lows, CRC has a high of $51.46 and a low of $34.02.

As of this writing, CRC has an earnings estimate of $1.96 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $2.55 per share and a lower estimate of $1.4. The company reported an EPS of $1.45 in the last quarter, which was 2.80% higher than expectations of $1.41.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CRC’s latest balance sheet shows that the firm has $305.00M in Cash & Short Term Investments as of fiscal 2021. There were $637.00M in debt and $854.00M in liabilities at the time. Its Book Value Per Share was $25.60, while its Total Shareholder’s Equity was $1.69B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CRC is Overweight with a score of 4.86. A total of 7 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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